Subject: Duty to Disclose
Within the Gilbane Gold case, the major problem is the contribution of water pollution by dumping chemicals to speed production for Z CORP. However, there is doubt as to what extent the company violated city regulations. Tom Richards believes that Z-CORP broke regulations repeatedly but Professor Massin believes that it is not solid evidence. Part of the problem is that two different tests are involved: an older and a less sensitive test which does not break regulations but there is also the newer and more sensitive one which does. The newer test was said that the company just broke city regulations, but not by a large amount.
There is the question about the legal status of the new tests. Would the city use the
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How large is this problem? The problem was unsure to the participants in the case but the problem is significant enough that it is brought to attention. It was also presented that the new tests would be expensive but this a very small factor to this problem.
What would happen if Z CORP executives took David's suggestion and presented their problem to the city (if it is a problem)? Would city bureaucrats spot Z CORP's financial difficulties and attempt to work out a reasonable agreement with Z CORP? If Z CORP executives knew the city would be willing to do an agreement - perhaps by providing Z CORP added tax relief - they would not hesitate with David's suggestion. It is unknown to how the city of Gilbane would respond to this situation, but assumptions as to how the city would react can have a great influence on an executive's position on what should be done.
David is an employee to Z-CORP and thus has the responsibility to protect the company to the extent of ethical concerns. His responsibility is to not only look after the integrity of the company, but to also ensure that a large profitable plant continues as the company employs many of the local residents. Furthermore, the city may well have been unfair to Z CORP in imposing the harsh standards after Z CORP had moved to Gilbane and not providing financial assistance. Other companies may also be facing the same problem as Gilbane and would it be financially safe to
While they acknowledge that they are dumping a chemical into the tap water, they lie to the residents of Hinkley by telling them that it is a different type of chromium, chromium III, that isn’t dangerous. Lying is the simplest and biggest ethical mistake there can be as it is always intentional and causes harm to the other side who believes what is being said. Not only does PG&E lie about the type of chromium being dumped, they also try to cover it up through various methods. First, they have paid the medical expenses of people in the town as a way to show that they are doing their part to help, when really this is a small expense compared with what the ethical dumping of chromium or an alternate form of chemical would consist of. Secondly, they are bribing the people with large amounts of money to buy their homes and the land they are on, which holds the dangerous chromium. Once again this is a cheaper way to hide their issue compared to the cost of having to fix their practice or losing their company. They even try to give out large amounts of money to stop the case when they know that one is being started against them. The people of Hinkley have trouble seeing past this, because of the good that PG&E does for the community overall with jobs and their economy, etc. This is an issue with Utilitarianism ethics. It is hard to see past what is good overall for the most majority of people and realize the negative effects this overall good is having for some people.
By having knowledge of the chromium in the water supply, PG&E should have been required to let the people know that were affected by it. By not telling the citizens, they were withholding information that affected these people’s lives. Because a risk was created, consequences came, and nothing was done to prevent such injuries that did occur, PG&E should have been considered negligent.
4) Discuss the implications of changing the level of significance to a larger value. What mistakes or error could increase if the level of significance in
Our journal for the third week of class was to watch the movie A Civil Action, since we would not be in class. This movie was interesting because Jan Schlichtmann who was originally a greedy personal injury lawyer decides to take on case due to the potentially large settlement involved. Unfortunately, the case eventually bankrupted him and his staff. At the end of the movie, the viewer is able to see that he did not continue the case for the money once he began understand the entire situation. This movie chronicled the progression of Schlichtmann accepting the case to becoming broke. Because the movie carefully showed the underlying issues of water contamination in Woburn, Michigan. This allowed the viewer to understand that there is a fair amount of meetings and negotiations that happen behind the scenes in the legal system. Despite the fact that he was a talented lawyer who could negotiate. It was awfully apparent that in the short term the legal team with the most money and power would win the case, but not in the long run. When Schlichtmann decided to hand the case to the EPA they were able to out power and outspend Beatrice foods, Riley Tannery and chemical company W.R Grace; the companies involved in the water contamination issue.
Large businesses often can maneuver their way through the system very well due to the extremely large amounts of money then have. These companies have been known to use harmful production techniques that destroy our national resources and in some cases our own citizens and are not legally implicated. In the case of “Madison v. Ducktown, Sulphur, Copper & Iron Co.”, a large mining company had been damaging the air quality, destroy the local environment, and made several properties unlivable through the system of their mining.
Many companies have ethical decisions that need to be and sometimes those decisions can affect many individuals or just a few. Making ethical decisions may be placed solely on one person’s shoulders or it may be a decision that multiple individuals must be involved in. There are several ethical issues in the Richardson Drilling case that should be considered. For instance, bribery, purchasing substandard parts with lack of disclosure that causes injuries, and revealing sensitive information. One potential ethical concern that could arise has to do with ongoing health insurance and the employer’s responsibility.
Toms River—the arrogance of companies in Ocean County, New Jersey affected the environment and human health from dumping waste, discharging acid-laced wastewater, and polluting the air and water exposed toxic chemicals that made children become at higher risk for cancer. Government negligence left these chemical companies avoid prosecution and dumping waste improperly became a common practice. The main idea from this book is the environment does impact your health significantly. Therefore, it is best when regulations are being managed and controlled. Also, studies should be approached in different ways to prove an evidence and remain open to new possibilities and exposures. The main problem in Toms River were regulations were not being enforced
Residents complain that the waste is making the water unsafe for families and their children, and is killing water life and vegetation downstream. Plant managers state that they are doing nothing wrong and are meeting all legal and regulatory requirements. Are the manufacturer's actions ethical? Discuss the reasoning for your opinion. Describe two steps the manufacturer can take to improve their business ethics? (4 Marks)
For instance, in the year of 2013, the economic cycle was not in favor of Canadian miners as they were forced to tighten their production. But, the problem for Barrick Gold was exaggerated by the environmental and social issues in Canada which also made headlines across the world.
To detect a small experimental effect in the bogus study, for example, we would have had to increase the sample size from 81 to 1,206, or 134 subjects
A Civil Action is based upon a true story that Jonathan Harr, a former staff writer of New England Monthly describes a case that in the legal system that is fascinating and compelling. The story of a impracticable quest by an idealistic young personal-Injury lawyer, whose aim was to prove that two conglomerates, Beatrice Foods and W.R Grace, allegedly polluted the water in Woburn ,Mass. a Boston suburb, with carcinogens. Jan had hoped that a victory would send a message to the boardrooms to America and felt that the culture of Leukemia in Woburn guaranteed his success. He never realized that he would be comforted with problems in the justice system.
Barrick Gold Corporation is the largest gold mining multinational company in the world, based in the Canadian city of Toronto .Barrick has several projects in different stages of exploration and development, counting more than 15 countries around the world among its projects.
An effective corporate governance regime includes prosecution for individuals who conduct unethical or illegal acts in the name of the enterprise [4]. Why so that there were no discussions in regards to the person/s responsible for dumping pollutants in the adjacent stream? Wasn’t the disposal unethical enough to violate the name of the enterprise? The management’s failure to recognize that such action ruins the reputation of the company is ineffective itself.
The steps in this framework will be adapted to analyze the response presented by the EPA in regards to the Gold King Mine spill accident. In the next section, there will be further elaboration of the case study and its related components to the decision-making framework.
Frank, manager of corporate reporting at Amalgamated Forest Products, has threatened to go public with information regarding a falsified report on the effect of effluent controls on the discharge of wastewater from pulp and paper companies, which has angered his boss, Jim McIntosh and the company’s president, Jim Letourneau. Letourneau was to testify before a legislative subcommittee the following week and use the report, “Endangered Species: The Pulp and Paper Industry in the Upper Peninsula”, to give the industry’s perspective on proposed legislation. The section of the report which contained the falsified financial information was prepared by Tina