1) We could firstly look at the arguments that would justify a company in putting its first loyalty and moral responsibility to its owners as a priority. One of those arguments is the shareholder theory‚ which states that “the primary responsibility of a firm is to maximise the wealth of its shareholders” (Friedman‚ 1962). As Friedman (1970 in Moore 1999) then proceeded to argue‚ he claimed that society would gain as a whole if businesses were left to do what they do best‚ create wealth. This
Premium Immanuel Kant Ethics Morality
EXECUTIVE SUMMARY FOR THE BHOPAL TRAGEDY HISTORY AND BACKGROUND Bhopal is the capital city of Madhya Pradesh‚ the largest and one of the most economically depressed states in the nation. At 1970s‚ the public health infrastructure‚ sewage and waste system in Bhopal are still in very poor condition . Besides‚ mass casualty emergency response system also lacking in Bhopal. Union Carbide Corporation is one of the largest chemical and polymer companies in the united state. In 1984‚ Union Carbide operated
Premium Bhopal disaster
in an effort to avoid or ameliorate the impact of disasters resulting from the hazards. Actions taken depend in part on perceptions of risk of those exposed. Reasons what led to the Bhopal Gas Disaster The 1985 reports give a picture of what led to the disaster and how it developed- * Factors leading to the gas leak include: * The use of hazardous chemicals (MIC) instead of less dangerous ones * Storing these chemicals in large tanks instead of over 200 steel drums. * Possible
Premium
Bhopal disaster From Wikipedia‚ the free encyclopedia (Redirected from Bopal disaster) Jump to: navigation‚ search Unbalanced scales.svg The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until the dispute is resolved. (December 2012) Page semi-protected Bhopal disaster Bhopal memorial for those killed and disabled by the 1984 toxic gas release Bhopal memorial for those killed and disabled by the 1984 toxic gas
Premium Bhopal disaster
Question 1 (P10.1.a) Facts: An engineer notified his firm that for a relatively minor cost‚ a flashlight could be made to last several years longer by using a more reliable bulb. The firm decides that it would be in its interests not to use the new bulb‚ both to keep costs lower and to have the added advantage of “built-in obsolescence” so that consumers would need to purchase new flashlights more often. Question: Identify the moral values‚ issues‚ and dilemmas‚ if any‚ involved in the following
Premium Morality Ethics
Q1} The bhopal gas tragedy is a catastrophe that has no parallel in industrial history. Bring out the ethical issues involved in the case. do you think the GOI and the madhya pradesh government were equally responsible for the disaster ? explain with reasons. Ans 1]} In 1985 the Indian government enacted the Bhopal Claims Act and took away from victims the right to represent them and vested itself with the exclusive right to represent victims. In return for a modest and arbitrarily determined
Premium Bhopal Bhopal disaster India
THE BHOPAL GAS TRAGEDY DECEMBER 3‚ 1984 CHOITHRAM SCHOOL NORTH CAMPUS SESSION – 2014 – 15 FA I Social Science – PPT On Disaster Class – X – B Submitted By – Priyansh Pandit Submitted To – Vivek Agrawal Sir ACKNOWLEDGEMENT I would like to express my special thanks to gratitude to my teacher Mr. Vivek Agrawal sir as well as our principal Ms. Nalini Pathak who gave me golden opportunity to do this wonderful project on topic “Disaster”‚ which also helped me in doing a lot of research and I came to
Premium Bhopal disaster
Bhopal UNION Carbide Tragedy‚ India In the early morning of December 3rd‚ 1984‚ over 40 tons of methyl isocyanate gas leaked from the UNION Carbide pesticide plant in Bhopal‚ India‚ the toxic cloud enveloping the surrounding population. The gas cleared at dawn‚ already having killed and injured many people. Four months after the release of this toxic pollution‚ over 3‚800 people had been reported dead to the Indian government and approximately 11‚000 with disabilities. Legal action and court settlements
Premium Bhopal disaster
The Bhopal Gas Tragedy: Introduction In the early morning hours of December 3‚ 1984‚ a poisonous grey cloud (forty tons of toxic gases) from Union Carbide India Limited (UCIL’s)1 pesticide plant at Bhopal spread throughout the city. Water carrying catalytic material had entered Methyl Isocyanate (MIC) storage tank No. 610. What followed was a nightmare. The killer gas spread through the city‚ sending residents scurrying through the dark streets. No alarm ever sounded a warning and no evacuation
Premium Bhopal disaster Bhopal
Introduction The second tragedy (Trotter‚ Day‚ & Love‚ 1989) In 1969‚ Union Carbide India‚ Ltd. (UCIL) and Union Carbide Corporation agreed with the govern- ment of India to build a pesticide manufacturing plant in Bhopal.6 Originally‚ this plant was designed to combine and package intermediate chemicals thereby producing the end pesticide‚ Sevin‚v The constituents of the mildly toxic pesticide Sevin‚ alpha-naphthol and methyl isocyanate (MIC) were to be combined‚ diluted with non-toxic powder
Premium Bhopal disaster