Essays on Ethical Standards in CIMIC Group Case Study

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The paper "Ethical Standards in CIMIC Group" is a great example of a business case study.   The ethical practice has become an integral component in the activities and daily practices of every organization. The modern society is quite attentive to observe the dealings which normally happen within and outside such companies, business, and organization. The ethical codes of conduct are usually put in place to govern the individual activities of the members of the organizations and also to regulate the activities of the general organization within others within the global market. Many modern companies and organizations have been compelled to strictly abide by ethical standards as one of the requirements for prosperity and success (Bowie 2017).

For example, the production companies have been forced by the ethical needs to ensure that they observe their immediate environment and the social environment to ensure that they have a positive impact and also to gain the confidence of the clients and customers. Many countries have therefore come up with laws and regulations to enforce and regulate ethical standards within companies and businesses. One of such legal bodies is referred to as the International Anti-bribery Convention which helps in regulating and preventing corruption as an unethical practice in modern organizations.

Signatories to such bodies are mandated to prevent and report any unethical practices within their countries so as to help corruption practices in the local and international companies domiciled within their borders. This paper seeks to investigate the unethical and ethical practices of immense corruption cases in CIMIC Group which has been one of the alarming issues in recent years. Several reports have indicated major corruption cases among members of the management of this company among many other unethical practices.

This study, therefore, seeks to evaluate such cases and recommend better ways through which the company may improve its reputation from the scandals. Ethical standards at CIMIC Group CIMIC Group, formerly known as Leighton Holding is one of the leading and well-known internal contractors. The company which operates in Australia has an active contracting role in several industries such as engineering, telecommunications, building and property, infrastructure and in mining industries. It also has operational bases in New Zealand, the Middle East and in South East Asia.

The company has been successful over the issues due to its immense success in its activities and the ability of the management to position the company in a more stable operational niche. This has made it earn high accolades both in the Australian and internal markets (Velasquez et al. 2002). Despite its excellence in some operations, CIMIC Group has continually suffered from immense ethical accusations and questions. The company has set out various codes of practices and ethical regulations which are meant to guide the members and the company towards better operations.

For example, the company envisages the principle of integrity and honesty as paramount within its codes of conduct. Further, the group has consistently indicated a commitment to quality performance, honesty to information and the clients as well as suppliers and integrity at all these levels. However, all these have been under suppression in recent years. Several reports have emerged which link the company to an array of unethical practices. The reputation has therefore been faded especially in regards to the expectation and the former image built and expected of the company by the immediate society (Bachelard & McKenzie 2016).

References

Bachelard, M. and McKenzie, N. (2016). Leighton: an entrenched culture of corruption?, The Sydney Morning Herald, 6 April (Available at http://www.smh.com.au/business/leighton-an-entrenched-culture-of-corruption-20160406-gnzstl.html)

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