Monday, April 11, 2011

What effects ethics has had on government policies

I thought this was an interesting article because it highlights what all these resent unethical decisions CEO's and other top level executives have made is doing to the United States government. This article is about a new bill that has passed in the House of Representatives requiring more disclosure of top level management's compensation as well as new rules on voting for pay increases and other items that shareholders will vote on. This article also talks about how these new rules will increase the oversight by the government on large institutions specifically aimed at banking institutions.

This article relates to class because we are seeing how unethical decisions are affecting the business world. These unethical decisions are leading to more governmental control over publicly held business because we have seen how they can affect our economy. This also realated to leadership because this bill was started president Obama's Administration. This shows his ethical decision to protect the community and help prevent others unethical decisions from affecting the whole economy. President Obama is using the five principles of ethics in this article by building community through protecting the community from unethical decisions. As well as using this to show honesty in business. Although he is forcing manifesting honesty it may lead to more ethical leaders in the future. This is also showing transformational leadership from Burn's perspective because Obama is stressing some of Burn's key values in his leadership. those values are justice and equality.

-Scott Ferrebee

http://www.businessweek.com/managing/content/aug2009/ca20090821_158360.htm?chan=careers_managing+your+board+page_top+stories

No comments:

Post a Comment