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Review the Scenario and the following addenda items:
The Director of ONS (your boss) owns 2,000 shares of Worldview stock and is on the procurement selection committee for the project.
Ralph, a network engineer on your project team, has a spouse who is employed by one of the potential vendors for this project.
Another vendor in contention for this project has offered everyone on your team tickets to the hockey game this weekend in the company box with dinner included.
Yet another vendor in contention has sent a $25 sympathy bouquet of flowers to you on the recent demise of your great uncle.
Your stock broker is recommending the purchase of a technology mutual fund that contains stock belonging to several of the vendors in contention.
These five events contain possible ethics violations. For each one, determine if there is an ethics violation. Defend and explain your position and discuss alternatives that would avoid an ethics conflict. In your responses, consider and discuss the impact (and any legal ramifications) of your alternatives on the effectiveness of the project: will the alternatives adversely or positively affect the effort?© BrainMass Inc. brainmass.com June 3, 2020, 10:26 pm ad1c9bdddf
1) The Director of ONS (your boss) owns 2,000 shares of Worldview stock and is on the procurement selection committee for the project.
If the stock of Worldview is publicly traded and the director makes use of confidential information to engage in insider trading of the stock, it is an ethics as well as legal violation. For example, let's say that the director who is on the selection committee gives preference to Worldview in the selection process and influence others as well to select Worldview as the vendor and simultaneously, tries to misuse this confidential information by trading in stock of worldview, he is violating ethical principles as well as legal guidelines. However, in terms of legal guidelines, it is only up to the regulatory authorities ot decide if the number of shares held by Director of ONS and his trading activities violated insider trading norms.
Any preference given by the director to Worldview in the selection process will be considered unethical. Any subsequent act by ...
Defend and explain your position and discuss alternatives that would avoid an ethics conflict.