Ethics and Corporate Responsibility in the Workplacce and the World

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Submitted By spartan1982
Words 2572
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Ethics and Corporate Responsibility in the Workplace and the World
Wanda T. Diggs
Professor William Stone
Law, Ethics and Corporate Governance – LEG-500
March 4, 2014
Abstract
Pharmaceutical companies are trusted to provide drugs that are fit for human use. Consumers rely on these drugs for their wellbeing. Drug costs are prohibitive for many in the United States and consumers want to be assured that the drugs they are prescribed accomplish their intended purposes. When pharmaceutical companies operate unethically and circumvent the law, public health is at risk. It has become imperative that the government enforce the regulations that are in place and modify weak legislation to protect the public. PharmaCARE is a successful pharmaceutical company with a reputation of being socially responsible. PharmaCARE developed its brand by offering free and discounted drugs to low-income consumers and sponsoring healthcare educational programs. The company also launched community-based initiatives that focus on health care education and environmental concerns. While PharmaCARE enjoyed the fruits of its good reputation, the company’s moral fabric was unraveling into threads of greed, deceit and criminal behavior. PharmaCARE executives are a despicable bunch driven by greed as they go about their responsibilities of earning company profit. The company intends to make as much money as possible using minimal resources – even if that means ignoring their responsibility to protect their employees and the public. PharmaCARE made several important decisions that negatively impacted the Colberian nation, PharmaCARE employees, doctors and consumers.
Determine the stakeholders in this scenario.
The PharmaCARE executives and employees of PharmaCARE/CompCARE are the stakeholders in this case. Four stakeholders (Allen, Tom, Donna, and Ayesha) are employees of…...

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