Corporate Ethics and Responsibilities Essay Example | Topics and Well Written Essays - 500 words

Corporate Ethics and Responsibilities - Essay Example The result is efficient employment of resources, and the mutual satisfaction of all parties – essentially the natural behaviour of free market forces. Viewed from the utilitarian theory, what should prevail is the greatest good for the greater number. In this case, were capital to be exported from a capital-rich to a capital-needy country, then everybody benefits. The destination country and the corporation benefitted will be able to employ the capital in increased production which will increase employment and provision of goods and services. The investing company will earn income on what would otherwise have been idle funds, and the source country will earn through an increase in duties from exports, or taxes from income abroad. Viewed this way, it is a win-win proposition. Finally, from the libertarian point of view, the choice to export and receive capital to and from other countries is a matter of choice, and the parties involved should be free to choose how to come to terms about the exchange in capital. On the other hand, probably the only drawback to the unconstrained exercise of this freedom is the possible exploitation (e.g., through cheap labour, and so forth) of the destination country and its citizens. As long as proper safeguards are installed, however, this should be susceptible to effective regulation. The capital dealt with here is legitimate capital. Where the â€Å"capital† is in the nature of contraband, or are monies that are subject of control under the anti-money laundering laws, then the above discussion does not apply, and such â€Å"capital† should be sequestered. 2. The freedom to export commodities which have been banned from sale in the United States. – This freedom should be exercised under reasonable constraint, depending on the reason for which the ban was imposed.

Seminar Question Essay Example | Topics and Well Written Essays - 1000 words

Seminar Question - Essay Example Simply put, if you promise that you will do something for another person and in return, that person agrees to pay you something, then you and that person have made a contract. A contract can be in verbal or written form but the most important thing is that there would be an agreement especially between two parties. Likewise, according to the labour laws of many countries, both the worker and the employee are bound by certain statutory regulations that would ensure that no party will breach the agreed contract. Indeed, when a person has decided to enter into an agreement with someone, both parties should have a common ground of understanding of the nature of the contract they would be agreeing upon so as to avoid conflict and misunderstanding in the future. Thus, the case involving Will Bearing can be attributed to as unfair dismissal or termination of contract as a result of foreseen circumstances that were meant to benefit the foreman but which he apparently refused to endorse as a driver. The foreman wanted Will Bearing to falsify a tachograph reading in the lorry which he was to drive but he refused which led to an altercation between the two leading to a fight. Unfortunately, the consequences led to Will’s dismissal without notice and he was denied any representation. Legally, he is entitled to be represented in such a situation under the terms of agreement in the contract. His dismissal is unfair as well as the allegations of subsequent discovery that Will had been pilfering with some of the loads which he carried. This could have been brought to his attention before his dismissal if that could have been the case. One thing that is disturbing and unfair in Will’s dismissal is that he has not been given the reason fo r instant termination of his contract and he stands better chances of winning his case in the court of law. In the event of a successful claim, Will stands better chances of being reinstated to his