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.
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