BU1104 Lecture Notes - Lecture 4: Joint-Stock Company, Workplace Deviance, Verbal Abuse
14 Jun 2018
School
Department
Course
Professor
Ethics and Social Responsibility
2001 Insurance Company – delaying financial reports, only posted the loss not profits when
there profits where 9,000 million dollars. 5.3 billion dollars from majority of Australians
investing in company/subsidiaries. Concluded that the board, managers were incompetent
and lacked diligence – ad didt reogise hat the CEO as doig. CEO – Opulence.
OK Tedi Environmental Diaster
Starting building a tailing dam – extracting all relevant minerals – the wall gave way =
millions of litres of chemical infested poisoned water flowing through the river
What is ethics?
- Its the ethis that ill drie your usiess
- Influence on ethics: families, friends, culture, religion, environment
- Change of ethics over time: learning from right and wrong, good deeds, catholic
church, change in technology, rehabilitation programs, society trends
- Important as an employee to work somewhere where you agree with the values.
- A set of moral principles or values that defines right and wrong for a person or group
- An important concept in personal as well as organisation life
- If you found a wallet containing $100, would you return it to its owner with the
money?
CEO vs Average Australian Worker 2016
Ian Narev - $8,692,430 per year / $24,8355 per week → 32 x more than the average income
is that ethical? VS average Australian worker = $81,921 per year / $2340.60 =
Workplace deviance
- Unethical behaviour that violates organisational norms about right and wrong
- Ethical behaviour is behaviour that confors to a soietys aepted priiples of
right and wrong
- Unethical behaviour in work places referred to as workplace deviance
Only one female on the list – is that ethical?
Sweatshops
$10 a week in Pakistan
$10 a day in Aus for imigrants
Kinds or workplace deviance
Production deviance (minor + organisational)
- Leaving early
- Taking excessive breaks
- Intentionally working slowly
- Wasting resources
Property deviance (serious + organisational)
- Sabotaging equipment
- Accepting kickbacks (bribing)
find more resources at oneclass.com
find more resources at oneclass.com
- Lying about hours worked
- Stealing from the company
Political deviance (minor + impersonal)
- Showing favouritism
- Gossiping about co-workers
- Blaming co-workers
- Competing non-beneficially
Personal aggression (serious + impersonal)
- Sexual harassment
- Verbal abuse
- Stealing from co-workers
- Endangering co-workers
Who, what and why?
- Nearly all businesses, non-profits, partnerships, labour unions, unincorporated
organistaions and associations incorporated organisations and associations and even
pension funds, trust and joint stock companies are covered
- It is ot eough erely to stay ithi the la
- Regulations and industry codes of conduct also provide an incentive for businesses
to co-operate with an disclose illegal activates to the relevant authorities.
Partial list of offenses
- invasion of privacy
- price fixing
- fraud
- customs violations
- antitrust violations
- civil rights violations
- theft
- money laundering
- conflicts of interest
- embezzlement
- dealing with stolen goods
- copyright infringements
- extortion
Determining the punishment
- Courts make a wide range of orders:
o Declarations of wrong doing
o Damages may be recovered by consumers and businesses affected by the
conduct
o Performance of community service
o Place respondents on probation
Influences on ethical decision making
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
2001 insurance company delaying financial reports, only posted the loss not profits when there profits where 9,000 million dollars. 5. 3 billion dollars from majority of australians investing in company/subsidiaries. Concluded that the board, managers were incompetent and lacked diligence a(cid:374)d did(cid:374)(cid:859)t re(cid:272)og(cid:374)ise (cid:449)hat the ceo (cid:449)as doi(cid:374)g. ceo opulence. Starting building a tailing dam extracting all relevant minerals the wall gave way = millions of litres of chemical infested poisoned water flowing through the river. It(cid:859)s the ethi(cid:272)s that (cid:449)ill dri(cid:448)e your (cid:271)usi(cid:374)ess. Influence on ethics: families, friends, culture, religion, environment. Change of ethics over time: learning from right and wrong, good deeds, catholic church, change in technology, rehabilitation programs, society trends. Important as an employee to work somewhere where you agree with the values. A set of moral principles or values that defines right and wrong for a person or group. An important concept in personal as well as organisation life.
