Unit 3 - Ethics in Environmental Concerns CSR_AFALOLA_Written Assignment.pdf

This preview shows page 1 - 3 out of 8 pages.

Running Head: Ethics and Environmental Concerns Corporate Social Responsibility 1 BUS 5115 Business Law, Ethics and Social Responsibility - Term 5, 2018-2019 Written Assignment (Unit 3) Ethics and Environmental Concerns Corporate Social Responsibility Abraham Falola University of the People Instructor: Prof. Todd Cooley
Ethics and Environmental Concerns Corporate Social Responsibility 2 PROBLEM STATEMENT: Topic: Corporate Social Responsibility Involved Parties: Bob, President; John, Chemical Engineer; Henry, Controller; Kirk, Assistant Controller Kirk is a bright individual who is being groomed for the Controller’s position in a medium -sized manufacturing firm. After his first year as Assistant Controller, the officers of the firm were starting to include him in major company functions. For instance, today he was attending the monthly financial statement summary given at a prestigious consulting firm. During the meeting, Kirk was intrigued at how all the financial data he had been accumulating was transformed by the consultant into revealing charts and graphs. Kirk was generally optimistic about the session and the company’s future until the consultant started talking about the new manufacturing plant the company was adding to the current location and the costs per unit of the chemically plated products it produced. At that time, Bob (the President) and John (the chemical engineer) started talking about waste treatment and disposal problems. John mentioned that the current waste facilities were not adequate to handle the waste products that would be created by the “ultramodern” new plant in a manner that would meet the industry's fairly high standards, although t hey could still comply with federal standards. Kirk’s boss, Henry, noted that the estimated cost per unit would be increased if the waste treatment facilities were upgraded according to recent industry standards. While industry standards are presently more stringent than federal regulations, environmentalists are strongly pressuring for more stringent regulations at the federal level. Bob mentioned that since their closest