Business Ethics

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SUBJECT: Business Ethic
SUBJECT CODE: UGB210
MODUL LEADER: Mark Winter
MODUL TUTOR: Adeline
STUDENT NAME: STEVEN CHANG SERN YEH
STUDENT ID:
Executive Summary
This is an ethical audit report, the author will discuss about the ‘snapshot’ of British Petroleum’s business ethics. The report will identify the main ethical dilemmas faced by BP such as manipulating price, polluting the environment and violating human rights and employee safety. These ethical dilemmas will bring many negative impacts towards various stakeholders such as employees, customers, governments and host communities. After that, the author will evaluate the relative importance and the actions taken by BP to deal with these ethical dilemmas. The actions include set up trust fund, pay penalties, compensation and cleanup oil spill. This includes a discussion and application of appropriate ethical theory. Then, it is followed by a detailed discussion of the organization’s best practices and values together with the application of the appropriate ethical theories such as ethics of duty and rights, absolutism theory and contemporary ethical theories to support the ethical report. Finally, it is ended with the appropriate recommendations for instance CSR, ethical leadership, codes and conduct and strict government regulations to answer its critics.

TABLE OF CONTENT
Page
Executive Summary ------------------------------------------------------------------------- (i) Table of Content ----------------------------------------------------------------------------- (ii) 1.0 Introduction ------------------------------------------------------------------------------ 1 1.1 Short Overview of British Petroleum ---------------------------------------------- 1 2.0 Ethical Dilemmas ------------------------------------------------------------------------ 2 2.1 Environment Pollutions -------------------------------------------------------------- 2 2.2 Employee Safety ---------------------------------------------------------------------- 3 2.3 Manipulating Propane Prices -------------------------------------------------------- 4 2.4 Human Rights -------------------------------------------------------------------------- 5 3.0 The Importance of the Dilemmas and BP’s Solution to Solve the Dilemmas--5 3.1 BP Settles Propane Price-Fixing Suit ----------------------------------------------- 6 3.2 BP Pays Out Millions to Colombian Farmers ------------------------------------- 7 3.3 BP Pays Large Penalties as Compensation ---------------------------------------- 8 3.4 BP Compensate Worker’s Death and Injuries ------------------------------------- 9 4.0 BP’s Ethical Practices and Values -- -------------------------------------------------- 10 4.1 Ethics of Duty -------------------------------------------------------------------------- 10 4.2 Ethics of Rights ------------------------------------------------------------------------ 11 4.3 Feminist Ethics ------------------------------------------------------------------------- 12 4.4 Discourse Ethics ----------------------------------------------------------------------- 12 4.5 Absolutism Theory -------------------------------------------------------------------- 13 5.0 Recommendation ------------------------------------------------------------------------- 13 5.1 Codes of Conduct --------------------------------------------------------------------- 13 5.2 Ethical Leadership -------------------------------------------------------------------- 14 5.3 CSR ------------------------------------------------------------------------------------- 14 5.4 Strict Government Regulations ----------------------------------------------------- 15 6.0 Conclusions ------------------------------------------------------------------------------- 16 7.0 List of References...
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