Corporate Governance and Ethical Responsibility
Law, Ethics & Corporate. Governance
Corporate Governance and Ethical Responsibility
16 May 2013
In submitting this paper I will show the stake holders Dr. DoRight (described latter in this
paper as just the Doctor) has to interact with on a daily basis as the President of the
“Universal Human Care Hospital.” I will also compare and contrast the conflicts of
interest that could surface among internal and external stakeholders. I will try to explain
whether or not the Doctor has accomplished his ethical responsibilities by making reports
of any and all illegal acts that may have taken place. I will also give examples of the
deontology and utilitarianism principles and apply them to this case.
1. Determine at least three (3) different internal and external stakeholders that Dr.
Do Right might have to deal with on a daily basis at the hospital.
A Stakeholder can be affected by or cause an affect to any action of any organization,
irregardless of the objectives and policies of that organization. The best way to
understand who could possibly be a stakeholder in any given circumstance you must first
realize who participated or who was affected by any given situation. External
stakeholders are most often seen on the peripheral of an organization, though, they may
be counted on to watch from the sidelines or intercede when and if necessary. Even
though they do not run the business on a day to day basis, they might be affected by any
actions, policies or what happens day to day at the hospital. An External Stakeholder
could be hospitals that they are competitive with, the thousands of patients, supply
organizations, local, State, and Federal Governments, and countless organizations and
the corporations that the Doctor interfaces with on a continuous basis. A patient will be
worried about price increases and the type
Corporate Governance and Ethical Responsibility
16 May 2013
In submitting this paper I will show the stake holders Dr. DoRight (described latter in this
paper as just the Doctor) has to interact with on a daily basis as the President of the
“Universal Human Care Hospital.” I will also compare and contrast the conflicts of
interest that could surface among internal and external stakeholders. I will try to explain
whether or not the Doctor has accomplished his ethical responsibilities by making reports
of any and all illegal acts that may have taken place. I will also give examples of the
deontology and utilitarianism principles and apply them to this case.
1. Determine at least three (3) different internal and external stakeholders that Dr.
Do Right might have to deal with on a daily basis at the hospital.
A Stakeholder can be affected by or cause an affect to any action of any organization,
irregardless of the objectives and policies of that organization. The best way to
understand who could possibly be a stakeholder in any given circumstance you must first
realize who participated or who was affected by any given situation. External
stakeholders are most often seen on the peripheral of an organization, though, they may
be counted on to watch from the sidelines or intercede when and if necessary. Even
though they do not run the business on a day to day basis, they might be affected by any
actions, policies or what happens day to day at the hospital. An External Stakeholder
could be hospitals that they are competitive with, the thousands of patients, supply
organizations, local, State, and Federal Governments, and countless organizations and
the corporations that the Doctor interfaces with on a continuous basis. A patient will be
worried about price increases and the type
References: Cantoria, C., (2012). Conflicts of interest between different stakeholders: whose interest must prevail?. Retrieved on February 17, 2013 from http://www.brighthubpm.com/monitoring-projects/108843-sorting-through-stakeholder-conflicts/ Ethics and corporate responsibility. (2009). McGraw-Hill. (pp51). Retrieved on February 17, 2013 from http://mhhe.com/irwin/m/pages/downloads/batemanM2e_sample_ch03_small.pdf Halbert, T., & Ingulli, E. (2012). Law & ethics in the business environment (7th ed.). Mason, OH: South-Western Cenage Learning.