Running Head: ETHICS IN BUSINESS 1

Ethics in Business

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ETHICS IN BUSINESS 2

Stakeholders

The stakeholders in the case study are ranked based on their responsibilities and

interests. There is the audit committee concerned with the board of directors. The CEO and

the president ensure the organization performs at its first requirement. The corporate counsel

alongside Directors of human resources provides smooth workflow within the organization

and continuously monitoring employees. The VP of operations oversees all the process that

takes place within the company. Walter Hayward is in charge of the finances; Sam Lorenzo

takes the role of ensuring effective sales and marketing take place. Other stakeholders include

the treasurer who handles finance at a lower level, the internal auditor, the controller, the

lower sales division in charge of the sales.

Tony Cupertino’s professional and ethical responsibility

As the internal auditor of the company, Tony regularly evaluates internal control and

recommends the best ways of improvement. He has a professional role in assessing the

company’s processes. Alongside his professional roles, Tony has to evaluate the risks of the

company and the risk management effort’s efficacy. He also ensures that the organization is

strictly complying with the state’s statutes and laws. He applies ethics when it comes to

formulating and recommending the best process that ensures the company meets its target.

How it could be done efficiently and effectively

Businesses are fond of not meeting the budget due to some step-backs involved in the

process. It would not be the time for blame games or rushed decisions to ensure the company

meets its goals disregarding all the consequences. The best thing to do here is to prevent any

future occurrences without pushing things to the point of high effects. Tony should do an in-

depth review of all the systems and how the processes function. This could help identify any
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loopholes for wastages. It is also essential to have an employee assessment to ensure they are

motivated enough to avoid resource wastages. Proper communication could also help

straighten the focus towards achieving the goal (Isaksson, 2020).

What to say, and to whom

Tony should explain to the management some of the step-backs that were involved in

the process that acted as a deterrence to achieving the goal. The board is more likely to listen

to the cause of the problem with enough explanation of how it could be prevented than

rushing things off to meet a deadline that may become even more stressful the following year.

Objections or pushbacks

Often, not every plan put in place may be supported by every person in the company,

especially the board of committee. This would hinder the ideas as they may question whether

the project may prevent future wastages and help the company meet the target. Such might be

some of the pushbacks that Tony would face, especially after proposing a new idea of

meeting the project.

What to say next

After presenting the information concerning how the future target might be achieved,

it is essential to identify some of the risks that the company might have to face when

implementing such plans. The company should consider reviewing various financial

information that might have led to poor performance and include a way that each issue could

be prevented or solved.
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References

Isaksson, M. (2020). Conflicts of interest handling policy. POLICY, 1, 14.