ADMS 3660 Chapter Notes - Chapter 7: Professional Responsibility, Animal Rights, Social Practice

• School: York University
• Department: Administrative Studies
• Course: ADMS 3660
• Professor: Anton Petrenko

Document Summary

Employees play particular role within economic system role-specific responsibility overrides ethical considerations: 2. Get more authority: cases normal ethical responsibilities trumped by role-specific duties physicians/lawyers/auditors, what if managerial employee is professional professional responsibilities trump over interest to employer, complicated use judgment. Professional ethics & gatekeeper function: professional duties override ethical responsibilities. Managerial responsibility & conflicts of interest (cid:862)desires of o(cid:449)(cid:374)ers (cid:373)ake as (cid:373)u(cid:272)h (cid:373)o(cid:374)e(cid:455) as possi(cid:271)le(cid:863) If done for best interest of firm ethically responsible even if conflict with some stockholders. Loyal to those if common benefit: views employment contractual arrangement for individual self interest, employees uphold their end of contract only no beyond loyalty, e(cid:454). Allo(cid:449)ed to lea(cid:448)e (cid:272)o(cid:373)pa(cid:374)(cid:455) if (cid:272)o(cid:374)tra(cid:272)t did(cid:374)"t stop the(cid:373) If no evidence no obligation to take risk of whistle-blow: whistle-blower must have good reason to believe whistle blow . Information used in insider trading property of firms. Based on property rights & fiduciary duties.