describe the social implications of business ethics - British Airways
In this task I have been asked to describe the social implications of business ethics facing a selected business in its different areas of activity and I have to assess the social implications of business ethics facing a selected business in its different areas of activity. The business that I will be linking it to British Airways.
Human Resources
Ethical issues relating to human resources are to confirm that discriminations is not a part of the selecting process. Value is what this should be encountered as it is important. Nationality, race, religion and age should not be based on in a negative way. British Airways should be very careful otherwise they will in trouble with the law and they will get a bad reputation. For example in 2012, a Christian woman felt discriminated against as BA told her to not wear her cross which gave BA a bad reputation with the Christian community.
Ethics in Finance
Lobbying means to approach an MP or minister, with requests for actions or information. The idea is to convince politicians to approve a particular cause or concern, in order to benefit it. This is an outward appearance of corruption. Moreover, another ethical issue is insider training, as this refers to illegal use of confidential information in dealing on a stock exchange. Executive pay is another problem that arises in the ethics of finance. The people who are executives receive high pay from the organisation, due to the anxiety of the public. The public were troubled as this used to be a concern because they seemed aware that the executives were getting paid high but not necessarily for doing their work well. In addition, if BA do not overlook on their financial statements linking to pay, other employees will feel unhappy due to the reason that the executives are getting high pay. The company ensures to adhere to corporate governance laws which aim to reduce fraud, corruption, and bribery and increased transparency. Not doing so would mean a threat to British
Human Resources
Ethical issues relating to human resources are to confirm that discriminations is not a part of the selecting process. Value is what this should be encountered as it is important. Nationality, race, religion and age should not be based on in a negative way. British Airways should be very careful otherwise they will in trouble with the law and they will get a bad reputation. For example in 2012, a Christian woman felt discriminated against as BA told her to not wear her cross which gave BA a bad reputation with the Christian community.
Ethics in Finance
Lobbying means to approach an MP or minister, with requests for actions or information. The idea is to convince politicians to approve a particular cause or concern, in order to benefit it. This is an outward appearance of corruption. Moreover, another ethical issue is insider training, as this refers to illegal use of confidential information in dealing on a stock exchange. Executive pay is another problem that arises in the ethics of finance. The people who are executives receive high pay from the organisation, due to the anxiety of the public. The public were troubled as this used to be a concern because they seemed aware that the executives were getting paid high but not necessarily for doing their work well. In addition, if BA do not overlook on their financial statements linking to pay, other employees will feel unhappy due to the reason that the executives are getting high pay. The company ensures to adhere to corporate governance laws which aim to reduce fraud, corruption, and bribery and increased transparency. Not doing so would mean a threat to British