ESSAY
Assessment question
Evaluate business conduct in the mining industry using three ethical principles of the global business Standards Codex.
Type your essay below:
The business conduct in the mining industry is relatively poor because most of their activities violate the principles of the global business standards codex. Examples of these activities include using violence and the misuse of political power which violates the dignity and citizenship principle respectively. On the contrary, some businesses in the mining industry have proven to conduct business in conjunction with global standard codex. Activities such as decision making to maximise profits by mining project managers could be perceived in favour of the fiduciary principle. This essay will evaluate the business conduct within the mining industry using the dignity, citizenship and fiduciary principle of the global business standard codex. Some mining companies hold no respect for the dignity of people in regards to their health and safety. This reflects poor business conduct as it infringes the dignity principle. The dignity principle in the Global Business Standard codex promotes that companies should have protect all people in regards to their health and safety and disclose the use of child labour(Paine et al 2005).
Rochester Business Plan Golden Ticket
ROC On to the Inner Loop A Marketing Plan to Retain Rochester's Youth Rochester's 18-28 year old population has been leaving this city in mass amounts. This is common knowledge, and our plan is targeted towards the target audience in efforts to keep them here for a longer duration of time. We feel that there are several beautiful attractions that make up the Greater Rochester Area of which this ...
While human rights are important there are no internationally enforced laws (Siegel 2013).
It is evident that gold mining companies have taken advantage of this; by forcing the people living in the villages of Essakane in West Africa at gunpoint to leave their homes and lands for gold mining; and using children aged eight above to participate in mining labour (Siegel 2013).
Mining companies should refrain from the use of child labour directly or indirectly, while compensation should be made to families who have lost their home. Using violence to force people out of people homes and using child labour violates dignity principle which clearly indicates poor business conduct in the mining industry. Mining Companies that operate globally have substantial wealth; a great influence upon government and politics (Northcott 2012).
Using wealth to influence the government reproduces poor business conduct as it violates the citizenship principle. One of many key points in the citizenship principle is do not participate improper involvement in politics and government (Paine et al 2005).
A recognizable solution which acts in best interest for the community and workers is introducing government regulations (Campbell 2012).
While this proves to be an effective possible solution, many mining corporations have empowerment over politics through wealth (Northcott 2012).
Companies are able to purchase political power through funding elections of politicians; as a result there is minor chance for environmental regulations to be introduced (Northcott 2012).
Mining companies should not use their wealth to gain influences among government to help sustain their businesses. The use of wealth to gain political power is a violation of the citizenship principle (Paine et al 2005).
This shows an example of poor business conduct within the mining industry. On the contrary, it is also evident that some mining companies conduct their business in which reflects in a positive manner.
Galvor Company Business Plan
Case 10-3: Galvor Company Background Galvor Company was founded in 1946 by owner, and president M. Georges Latour. The company had acted as a fabricator, buying parts and assembling them into high quality, moderate-cost electric and electronic measuring and test equipment. Latour had always been personally involved in every detail of the firm's operations as in most family businesses. Fiscal ...
Reference List
Campbell, B 2012, ‘Corporate social responsibility and development in Africa: redefining prvate actors in the mining sector’, Resource Policy, vol. 37, no. 2, pp. 138-43, viewed 22nd May 2014,
ScienceDirect database, DOI 10.1016/J.resourpol.2011.05.002/ Cragg, W & Greenbaum, A 2002, ‘Reasoning about responsibilities: mining company managers on what stakeholders are owed’, Business Ethics, vol. 39, no. 3, pp. 319-35, viewed 22nd May, ProQuest database Northcote, MS 2012, ‘Artificial persons against nature: environmental governmentality, economic corporations, and ecological ethics’, Annals of the New York Academy of Sciences, vol. 1249, no. 1, pp. 104-17, viewed 20th February 2014, Wiley Online database, DOI 10.1111/j.1749-6632.2011.06294.x. Paine, L, Deshpande, R, Margolis, JD & Bettcher, KE 2005, ‘Up to code, does your company’s conduct meet world-class standards?’, Harvard Business Review, vol. 83, no. 12, pp. 123-133 viewed 22nd May 2014 EBSCOHost Database. Siegel, S 2013, ‘The missing ethics of mining’, Ethics & International Affairs, vol. 27, no. 1, pp. 3-17, viewed 22 May 2014, Academic OneFile database Worrell, R & Appleby, MC 2000, ‘Stewardship of natural resources: definition, ethical and practical aspects’, Journal of Agricultural and Environmental Ethics, Vol. 12, no. 3, pp, 263-77, viewed 22nd May 2014, ProQuest database.
