Ethical and Legal Issues Management Assignment

Ethical and Legal Issues
Student’s Name
Institutional Affiliation
Ethical and Legal Issues
The last couple of years have seen escalating levels of moral and ethical meltdown among both public and nonprofit organizations. The greatest attention was directed towards corporate misconduct due to the fact that ethical abuses were so egregious and resulted in huge financial losses. For instance, CEO John Thain of Merrill Lynch & Co., spent over $1.22 million for his office redecoration when the firm was experiencing losses totaling to $27 billion (Rhode &Packel, 2009). According to the National Nonprofit Ethics Survey done in 2007, close to half of all workers had witnessed an act of ethical misconduct during the past year, an issue that was also observed in both government and for-profit sectors.
There are numerous approaches that can be used to address ethical and legal issues in organizations. This first approach is the utilitarian perspective which requires an individual to do the greatest good for the greatest number of people (Mill, 2017). Ethical dilemmas can be addressed when an organization develops...