Virtually all larger corporations have established ethics codes
which set out the company's values, ethics, objectives and
responsibilities. The company’s code of ethics is
designed to serve as a guide to proper business conduct for all
employees.
With regard to project selection and capital budgeting, we have
focused on the quantitative considerations in the decision process.
However, decision makers need to keep in mind that nonfinancial
considerations may be important elements in project
selection.
How does a company’s code of ethics apply to project selection and
capital budgeting? For most companies, ethical considerations are
mainly focused on the reduction of potential risk associated with a
project. For example, a company might be concerned with employees
being familiar with the regulatory and procurement laws to avoid
criminal and civil sanctions for not performing according to those
regulations.
However, another way to incorporate non financial considerations
into capital project evaluation is to take into account the likely
effects of the decisions on non shareholder stakeholders. Your
textbook uses the example of Chipotle’s decision on sourcing food
which is better tasting, better for the animals, better for the
environment and better for the farmers. The article in your
textbook closes with the statement that Chipotle’s focus on doing
“the right thing” has resulted in increased sales and higher stock
prices. Of course, this article was based on the years before the
events involved in food poisoning.
Requirement: Identify a company that has taken into consideration
the effect of its decisions on non shareholder stakeholders.
Discuss the decision and the effects of the decision on the
stakeholders and the environment.
Virtually all larger corporations have established ethics codes which set out the company's values, ethics, objectives...
I have this case study to solve. i want to ask which type of case study in this like problem, evaluation or decision? if its decision then what are the criterias and all? Stardust Petroleum Sendirian Berhad: how to inculcate the pro-active safety culture? Farzana Quoquab, Nomahaza Mahadi, Taram Satiraksa Wan Abdullah and Jihad Mohammad Coming together is a beginning; keeping together is progress; working together is success. - Henry Ford The beginning Stardust was established in 2013 as a...
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