WASTE MANAGEMENT SCANDAL Propose an ethical framework for setting appropriate st
ID: 400098 • Letter: W
Question
WASTE MANAGEMENT SCANDAL Propose an ethical framework for setting appropriate standards of conduct for professional accountants producing a higher level of ethical values and decision making, as they relate to The Wasrte Management case. The framework should include the ways in which management will be involved in the process and what company resources should be available to employees to help make them more ethical choices. b) Could internal controls have been utilized to produce more ethical behavior? Would a plan by corporate governance be an appropriate vehicle for delivering these internal controls to encourage ethical behavior? Discuss.
Explanation / Answer
Management framework of an organisation is one of the most important task of reduction of any unethical activities. Building a strong ethical culture inside the organisation requires proper approach of monitoring as well as providing guidelines to the organisation for implementation of a strong code of conduct which benefits to organisation in a positive manner increasing its adaptability towards different business operations.
Some main factors that should be forecast for implementation of a strong ethical culture and production of this kind of scandal in the organisation are as follows.
Top management
Top management is one of the most effective parts of any organisation as they are responsible for implementing all the policies and ethical conduct in the workplace. If the management department of the organisation does not follow the specific guidelines then implementation of ethical program and compliance program inside the workplace would not be successful by any means. For implementation of better ethical standards understanding and sensibility of senior management is required.
Corporate culture
Corporate culture is very essential in defining and formulating a strategy for an organisation. According to the organisational culture, dependencies of strategies are changed. Corporate culture define the type of strategies which is needed for the organisation in the meantime. Different aspects of diversity as well as cultural and corporate needs of the organisation effects the formulation of an strategy. Decisions which affect the organisational equity and interferes in the organisations management are usually excluded from strategy formulation different people in the corporate culture also effects the formulation of the strategy and their effect is reflected on the strategies which are created.
Risk Assesment
Risk assessment of an organisation is very necessary as it provides stability for the board of members as well as senior management of the organisation. Major risk which are not assessed are the major main reasons of ethical failures inside the organisation which could lead to disastrous productivity and can affect the organisation very badly in terms of losing the ethical standard which also affects the brand identity as well.
Monitoring
Constant monitoring of the performance is also an essential task and problem for an organisation. As the data inside the organisation always keeps growing, monitoring of performance becomes tougher day by day. Monitoring the performance can be very tough for an organisation if they do not apply proper Strategies for monitoring the performance. My application of different available softwares for monitoring the performance and increasing the supervisor based working structure for Quality Management could be very beneficial for an organisation to increase the overall level of productivity towards the society. Similarly it also applies to the ethical perspective of the organisation and proper monitoring and testing of ethical culture would definitely enable the organisation to understand and to maintain high quality standard in ethics.
Responsibility officers
Responsibility officers in the organisations are required to maintain ethical conditions as well as to enforce and implement ethical perspective of a Vision and Mission statements. Implementation of strong code of ethics as well as code of conduct is required to follow the ethical behaviour. Proper training sessions and conduction of other programs which can be very beneficial in terms of increasing the overall standard of ethics, skillful offices are required.
Implementation of a strong ethical culture and code of conduct is the most important part of all the five factors. This a type of approach enables an organisation to understand its position as well as to unfold its capabilities for improving ethical culture of the organisation by providing better support to the overall organisation structure and increasing the moral standards of the employee as well as creating a better workplace environment.
Definitely internal controls are one of the most essential type of implementations that have to be focused for increasing the level of ethical behaviour of the employees. Conducting and implementation of strong monitoring as well as internal control program enables an organisation to strictly implement guideline or code of conduct which increases the overall level of ethics involved in the organisation. Creating transactional approach of organisational maintenance is definitely a better choice for increasing the overall level of ethics involved in the culture of the organisation badminton better benefits from the similar operating environment. This type of approach not only increases the quality of the workplace but also provides positive support to the understanding as well as maintenance of culture inside the organisation.
Implementation of a cultural plan for increasing the diversity of the organisation as well as maintenance of and strong ethical code of conduct which benefits the organisation by maintaining ethics and aligning the specific ethics with the vision of the organisation is one of the most important type of plants that should be implemented. Implementation of such governance would enable an organisation to create more efficient workplace for the employees as well as to increase the level of comfort in such environment which benefits the employees in a positive manner for increasing availability of opportunities for delivering better work or to provide positive approach in operational capabilities of increasing the ethical standards of the organisation.
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