Essays on Holdings, CIMIC Group and the Australias Anti-Corruption Law Case Study

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The paper "Holdings, CIMIC Group and Australia’ s Anti-Corruption Law" is an outstanding example of a business case study.   Corruption has a greater impact on the sustainability of a business. Corruption includes embezzlement, graft, extortion, and bribery. In some of the nations, corruption has grown to be so common that it cuts across the government and the private businesses. Corruption can be defined as the misuse of power as an officeholder for a private gain (Rigoglioso 2007). It can lead to the inflation of the ranks of the employees hence creating inefficiencies in the business operations.

Consequently, it can cause a less effective business environment thus dragging the development of a country or business. Corruption does not only lead to losses to the business but also the discouragement of investors and shareholders. It also damages the image of the institutions or country and causes business inefficiency. The study focuses on the analysis of three cases: Holdings; CIMIC Group; and Australia’ s anti-corruption law. 2.0 Holding’ s Ethical Evaluation Leighton changed its name to CIMIC Group in 2015 in response to corruption charges. In addition, it decided to import its senior executives from Spain (Bachelard & McKenzie 2016).

This is against the post-modern business ethics theory that encourages business entities to think local and act locally. In explanation, the post-modern ethics is an approach that is used to determine morality beyond the rationality sphere on the moral impulse of business towards others including the locals (Van Meij 2000). It calls encouraged individuals to question the everyday rules and practices and to listen and follow their guts, inner convictions, and emotions on what they think is wrong or right in a particular incident of making a decision.

The defiance to the theory can be used to explain why the company has not been able to change its corruption way. The company would have been more sustainable if some of the executives were locals. Importing the executives from Spain is not only expensive but also not likely to work since the technocrat might misunderstand the environment of work. Such a move is, therefore, not holistic hence unsustainable. Leighton also has shown to be against the postmodern ethics approach through sucking of the 2012 whistleblower and not taking action on the claimed malpractices that the victim highlighted (Bachelard & McKenzie 2016). Based on normative theories of ethics, Leighton has been practising immorality.

In explanation, the normative theories help in determining the actions that are wrong and right (Pettersen 2011). It helps determine the right and wrong based on the given situation. For example, it was not appropriate for the company’ s 2013 acting chief executive David Stewart to engage on doubtable deals in Iraq (Bachelard & McKenzie 2016). Engaging in deals that might ensure the business partners or customers refrain.

Failure to ensure transparency is likely the cause of why Fairfax Media considered the Iraq deal to have been conducted in a corrupt way. In addition, it was not appropriate for the top management of Leighton to launder $ 5.6 million of the company since it led to losses to the business and discouragement of investors and shareholders (Bachelard & McKenzie 2016). In addition, it is putting the occupation of the employees at risk since with a reduction in sales and profits; most of them are likely to be retrenched.

In explanation, utilitarianism indicates that an action is right morally only if it has positive impacts on a larger population (Marques 2015). This is not the case considering the corruption cases witnessed at Leighton. Based on ethical absolutism concept, Leighton management has conducted several malpractices. The concept is one of the traditional ethical theories which are the normative theories. It argues that there are universal and eternal applicable moral principles to contexts and situations. In explanation, what is right or wrong is objective and not subjective.

As a result, right and wrong can be determined in the actions of humans. In the case of Leighton, it was immoral for the top management to engage in corruption. Furthermore, it was immoral for them to fire a whistleblower of corrupt activities in the company. In the case of the chief executive of Primary Health Care, Peter Gregg, ought to have resigned until cleared on the corruption investigation during his tenure at Leighton. Furthermore, it is inappropriate for the executive of Leighton subsidiary, Thiess, to hire people with low integrity.

In explanation, the management would not have given the $ 6.8 billion coal deal to Syam Reddy to which have been alleged on corruption dealings in the company.

Reference

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