Discussion 2 – Ethics and Governance 

Discussion 2 – Ethics and Governance 

Question:

  • You have been asked to evaluate how the governance scandal was handled in your organization (pick one of the ones listed in Chapter Two and consider yourself part of that organization). Where would you begin and how would you proceed?  What approach would you use? What guidelines would you use? You don’t have to use these questions but they are a place to start. Please give a detailed explanation of why you think this was or was not handled appropriately. Post this in the classroom discussion area under this question post

Lockheed is an organization which I work in and it was involved in a scandal where the executives were bribing the Japanese officials to buy the airplanes of the company. Through this scandal, it led to change of the activist expectations for the corporate actions without passage of the new laws. This scandal also caused political controversy in part areas like Italy, Germany and Japan which nearly lead to Lockheed’s downfall and it struggled due to failure of its commercial deals.  As part of Lockheed, first thing I would have done is to cancel the executive and other persons in charge of the scandal and find some new laws to govern all the workers left. I would also enact new regulations and statutes like the 1991 US Federal sentencing guidelines. these guidelines would help in regulating how the employees do their work without theft. For the executive to bribe the Japanese officials to buy the companies airplanes, it means that there were so many damages he has caused within the organizations. After firing the executive, I would begin by finding another executive who is suitable for the position and proceed by finding other damages caused and not known (Norman, 1997). By finding these damages, it will be easy for the organization to fix with immediate effects and start building the reputations within the company. After fixing the damages, the next thing is to publish a seminal work for the stakeholder’s theory by putting the framework relevance by inviting those interested in governance and ready to understand about the stakeholder’s relevance.  This will help in supporting the organization and upholding its reputations by achieving the objectives of corporate strategy.

The best approach to use for the Lockheed governance scandal is the qualitative approach which is the general way foe thinking and acting accordingly within the organization. Through this approach, it will help in understand how and why the scandal was conducted thus enabling the organization to have a deeper understanding on the experiences, content and phenomena. Also, this approach will help in proving the instrumental frame on how the shareholders, managers and directors within Lockheed will operate on corporation and how the organization can earn the profits. Within the organization, some of the guidelines I will use include the U.S. Federal Sentencing Guidelines and, ethics and governance guidelines. The U.S. Federal Sentencing guidelines are the non-binding the rules which are used to set a uniform sentencing within the organization through the sentencing policy for the defendants which bis convicted in United States court system (Charles, 2015). This guideline will help in providing the guidelines within Lockheed in a very precise calibration sentences which will depend on many factors.  The ethics and governance guidelines approach will help in ensuring the organization have maintained some of important principles like confidentiality and truthfulness, beneficence, justice, nonmaleficence and autonomy and informed consent within Lockheed. Through these guidelines within Lockheed Martin, they will ensure that there is transparency which is paramount within the organization.   The organization will also help in setting the standard and high expectations within the employees and stakeholders thus providing the foundation for ethic programs.

References

Charles, T. (2015, August 31). The 10 Worst Things About Lockheed Martin’s Alleged Lobbying Fraud. Retrieved from forbes.com: https://www.forbes.com/sites/charlestiefer/2015/08/31/lockheed-fined-4-7-million-for-fraudulent-taxpayer-paid-lobbying-with-most-corrupt-ex-rep-wilson/?sh=840f7f646c0e

Norman, A. R. (1997, June). Reshaping an Industry: Lockheed Martin’s Survival Story. Retrieved from hbr.org: https://hbr.org/1997/05/reshaping-an-industry-lockheed-martins-survival-story

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