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Ethics the Company I Am Term Paper
Pages:5 (1543 words)
Sources:3
Subject:Business
Topic:Publicly Traded Company
Document Type:Term Paper
Document:#56119914
Any effort that detracts from that objective -- unless that effort is explicitly authorized by the shareholders -- is therefore a breach of duty. The managers of the Company must therefore have the objective of upholding their duty to the shareholders, within the confines of the law. BP will therefore not be providing research funding, compensation or any other form of assistance to the fishermen, without judicial or regulatory order.
It is important that the Department understands the principles that underpin this decision. BP does not take this decision lightly, and understands that not all stakeholders will have their needs met as the result of this decision. We regret in particular if this decision causes problems for our steadfast partners at the Department of Environment. However, the managers of the Company has no choice but to undertake activities that fulfill their duty to the shareholders, and in this case that means refraining from becoming involved in this issue any further.
Works Cited:
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved November 12, 2012 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Jacobsen, R. (2012). The gumbo chronicles. Outside. Retrieved November 12, 2012 from http://www.outsideonline.com/outdoor-adventure/culinary/the-Gumbo-Chronicles.html?page=all
Mauer, R. & Tinsley, a. (2010). Gulf oil spill: BP has a long record of legal, ethical violations. McClatchy News Services. Retrieved November 12, 2012 from http://www.mcclatchydc.com/2010/05/08/93779/bp-has-a-long-record-of-legal.html
Sample Source(s) Used
Works Cited:
Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved November 12, 2012 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Jacobsen, R. (2012). The gumbo chronicles. Outside. Retrieved November 12, 2012 from http://www.outsideonline.com/outdoor-adventure/culinary/the-Gumbo-Chronicles.html?page=all
Mauer, R. & Tinsley, a. (2010). Gulf oil spill: BP has a long record of legal, ethical violations. McClatchy News Services. Retrieved November 12, 2012 from http://www.mcclatchydc.com/2010/05/08/93779/bp-has-a-long-record-of-legal.html
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