Finding Stakeholders and Ethical Considerations in the Situation
Discussion Post #6: Ethical Considerations
https://education(dot)wiley(dot)com/content/shared/media/accounting/overview/Chapter_12.html
NuComp Company operates in a state where corporate taxes and workers’ compensation insurance rates have recently doubled. NuComp’s president has just assigned you the task of preparing an economic analysis and making a recommendation relative to moving the entire operation to Missouri. The president is slightly in favor of such a move because Missouri is his boyhood home and he also owns a fishing lodge there.
You have just completed building your dream house, moved in, and sodded the lawn. Your children are all doing well in school and sports and, along with your spouse, want no part of a move to Missouri. If the company does move, so will you because the town is a one-industry community and you and your spouse will have to move to have employment. Moving when everyone else does will cause you to take a big loss on the sale of your house. The same hardships will be suffered by your coworkers, and the town will be devastated.
In compiling the costs of moving versus not moving, you have latitude in the assumptions you make, the estimates you compute, and the discount rates and time periods you project. You are in a position to influence the decision singlehandedly.
Instructions:
Must be 100 words minimum.
Who are the stakeholders in this situation?
What are the ethical issues in this situation?
What would you do in this situation?
NuComp Company’s shareholders, the state the company operates in, workers, workers’ families, workers’ rights organizations, NuComp executive leadership, and the community around NuComp.
What are the ethical issues in this situation?
Avoiding taxes, worker’s welfare in regards new insurance rates, conflict of interest from the company’s president, the impact of the decision on employees and the community, and the impact of the ...
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