Essays on The CIMIC Groups Ethical Standards Case Study

Download full paperFile format: .doc, available for editing

The paper "The CIMIC Group’ s Ethical Standards" is a perfect example of a business case study. The success  of an organization is recognized with good ethical standards. Ethical standards are a set of principles to be compiled with all public sector employees concerning the organization's culture (Audi, 2009). Ethical standards consist of honesty, personal integrity, accountability, caring, loyalty and relationship with others in the work. Every organization has its own culture which enhanced its productivity and success. A company can also be against its own ethical standards due to corruption in the business.

Corruption being an abuse of public office for private or personal gain hinders many organizations and government sector due to greedy for money and distorting subsidies for their own gain (Cavusgil et. Al 2014). This paper responds to three questions regarding ethical standards, possible actions CIMIC Group needs to take to restore its reputation and continue performing as an ethical corporate player both locally and internationally and finally is about Australia needs to overhaul its anti-corruption law to make MNCs more ethically compliant and responsible. The CIMIC Group’ s ethical standard based on article 1 The following are the ethical standards evaluated from Leighton Holdings linked to ‘ corrupt’ fees for Iraq pipeline contracts. Honesty.

According to Leighton Holdings on the link to ‘ corrupt’ fees for Iraq pipeline contracts, both the companies lack honesty to their people and the nation(Audi, 2009). The stakeholders of Leighton Holdings and Unaoil Company hide the truths and make their own lawyers sign the files regarding the corrupt fees of pipeline oil. By availing false information in the court, Leighton Holdings portrays a negative picture towards their customers and also to their employees. Integrity has also been practiced in the linked ‘ corrupt’ fees for the Iraq pipeline contract (Scholtens and Dam, 2007).

Despise the Leighton Holdings denied the corrupt pipeline contract and hide the findings and the documents for a long time, the external lawyers finally had all the information regarding the Leighton case on pipeline contract in Iraq which made Leighton report the action to the police before the external lawyers took the possible action.

References

list

Audi, R., 2009. Business ethics and ethical business (p. 21). New York: Oxford University Press.

Barjot, D., 2013. " Why was the world construction industry dominated by European leaders?" The development of the largest European firms from the late 19 th to the early 21 st centuries. Construction History, pp.89-114.

Bertot, J.C., Jaeger, P.T. and Grimes, J.M., 2010. Using ICTs to create a culture of transparency: E-government and social media as openness and anti-corruption tools for societies. Government information quarterly, 27(3), pp.264-271.

Bowman, D. and Gilligan, G., 2007. Public awareness of corruption in Australia. Journal of Financial Crime, 14(4), pp.438-452.

Boyle, B. and McDonnell, A., 2013. Exploring the impact of institutional and organizational factors on the reaction of MNCs to the global financial crisis. Asia Pacific Business Review, 19(2), pp.247-265.

Cavusgil, S.T., Knight, G., Riesenberger, J.R., Rammal, H.G. and Rose, E.L., 2014. International business. Pearson Australia.

Claeys, A.S., Cauberghe, V. and Vyncke, P., 2010. Restoring reputations in times of crisis: An experimental study of the Situational Crisis Communication Theory and the moderating effects of locus of control. Public Relations Review, 36(3), pp.256-262.

Crane, A. and Matten, D., 2016. Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press.

Davidson, M., Guilding, C. and Timo, N., 2006. Employment, flexibility and labour market practices of domestic and MNC chain luxury hotels in Australia: Where has accountability gone?. International Journal of Hospitality Management, 25(2), pp.193-210.

Fisher, C. and Lovell, A., 2009. Business ethics and values: Individual, corporate and international perspectives. Pearson education.

Gaines-Ross, L., 2008. Corporate reputation: 12 steps to safeguarding and recovering reputation. John Wiley & Sons.

Jong-Sung, Y. and Khagram, S., 2005. A comparative study of inequality and corruption. American Sociological Review, 70(1), pp.136-157.

McAllister, I., 2014. Corruption and confidence in Australian political institutions. Australian Journal of Political Science, 49(2), pp.174-185.

Mungiu, A., 2006. Corruption: Diagnosis and treatment. Journal of democracy, 17(3), pp.86-99.

Nwabuzor, A., 2005. Corruption and development: new initiatives in economic openness and strengthened rule of law. Journal of Business Ethics, 59(1), pp.121-138.

Peetz, D. and Preston, A., 2009. Individual contracting, collective bargaining and wages in Australia. Industrial Relations Journal, 40(5), pp.444-461.

Rehse, P., 2005. CIMIC: Concepts, definitions and practice.

Scholtens, B. and Dam, L., 2007. Cultural values and international differences in business ethics. Journal of Business Ethics, 75(3), pp.273-284.

Seddon, N., 2009. Government Contracts: Federal, State and Local. Federation Press.

Tähtinen, J. and Vaaland, T.I., 2006. Business relationships facing the end: why restore them?. Journal of Business & Industrial Marketing, 21(1), pp.14-23.

Download full paperFile format: .doc, available for editing
Contact Us