Does anyone ever think that regardless of a profit loss analysis that a company should be obligated to "do the right thing?'" For example if there is only a one in a million chance that something bad would happen to someone, should the company be required to disclose that information? Is this in essence valuing a human life?© BrainMass Inc. brainmass.com June 4, 2020, 12:57 am ad1c9bdddf
Every company should become obligated to do the right thing. A high ethical standard is needed in order to avoid anything unethical that could occur. When profit lost does occur, one has to quickly pay attention to what happened and do everything possible to prevent it in the future. For example, if an employee committed fraud by stealing within the company, then everyone should know to stay away from that individual, but the company has the legality to turn them in to the police as well as take them to court for their unlawful actions to break the law and put the company in danger. Every organization needs to disclose the ...
This solution provided reasons if a company should do the right thing if there is a profit loss.