MGSC14H3 Study Guide - Final Guide: Immanuel Kant, Fiduciary, Deontological Ethics
28 Feb 2016
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A: created by professor mark pastin, who extends the moral standards approach by taking specific account of the culture within the corporation and of so called common problems. Ground rule ethics- to illuminate an organizations or individuals rules and values. End point ethics- to determine the greatest net good for all concerned. Rule ethics- to determine what boundaries a person or organization should take into account. Social contract ethics- to determine how to move the boundaries to remove concerns of conflicts. Pastin approach that is quite practical and suited to decisions with impacts primarily on stakeholders directly attached to the corporation such as employees and customers. Fiduciary failure- a fiduciary duty is a legal duty to act solely in another party"s interests. An example is enron failed to safeguard enron"s shareholders and contributed to the collapse of the company. Enron engaged in high risk activities, and questionable practices.
