• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

BP's Ethical Problems

Extracts from this document...

Introduction

´╗┐Safia Akhtar Unit 37 ?M2 Bribery BP speaks of inspecting a bribery claim that has taken place in their company. BP exclaimed it was an accusation of bribery against their employees after they found a letter describing that is unproven of corruption that was sent to BP?s chief executive. The daily press have reported that BP was examining a severe incident of bribery and corruption that taken place. BP responded confirming that the BP?s chief executive's received a letter. BP manners its business to the utmost moral standards and have regulation on bribery and corruption which informs their employees of what is acceptable, if they do operate corruption I the workforce there are serious consequences and they can jeopardise their job safety also the business can gain a lot of bad press from stakeholders and their shares may decrease as shareholders will lose money if associated with business and there high fines, which could decrease shareholders income. BP takes accusations seriously and all the time investigates them to get down to the matter. ...read more.

Middle

BP has explained to their employees the bans on bribery and corruption which is laid out in their code of conduct booklet. When BP notices breaks of their anti-bribery and corruption guidelines they inspect and take precautions to remove these practices in their workforce. Over 5,005 BP employees have accomplished an online training section; whereas an additional 4,298 BP employees have been qualified to face anti-bribery and corruption guidelines and procedures they need to take. BP funds associations and non-governmental governments that intend to remove bribery and corruption. BP takes all compulsory action to guard the shareholders' benefits and protect BP's reputation for anti-corruption and bribery. I think that BP does a lot to safeguard their shareholders investments and gain them income by achieving successfully against their competitors. BP takes this regulation very seriously and this shows to their shareholders and stakeholders that BP does a lot to operate ethical and this well made aware in their business to their employees. Also the fact they show their progress online to everyone this shows they have lot of confidence the will gain success and so more people are interested in investing in their business. ...read more.

Conclusion

Business Implications The need of a smart business management in BP needs to take into understanding of ethical worries that are currently acknowledged as share of moral management in BP, this shows government and customers they take them into consideration and they are part of BP. When BP directors create CSR policies, they are replying to the requirements of their stakeholder worries. Everybody is a stakeholder in BP business doings so BP has consider ethics to sustain good practise and to survive as a business. BP directors are obligatory to fulfil with the law in numerous parts, incorporating when staffing they do not discriminate the candidates, keeping data protection of customers safe and take health and safety serious of their employees. Each area of BP has shaped policies, good practices, rules for employees and procedures they need to be aware of if unsafe practise is carried out. Lacking this BP can effortlessly have consequences with the law and be penalised or undergo damaging drawbacks that can affect their reputation and shareholders interest in their business. Social implications of BP ethical behaviour impact everybody by them guaranteeing more open business practise which is reasonable and fair conduct. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. Understanding business ethics- BP and the Gulf of Mexico oil spill

    Finding energy to fuel the future Some challenges they set are so big they belong to the world. The threat of climate change is one example. Another is the need to have enough energy to sustain not just life as we know it but also the better life taking shape

  2. Social implications of business ethics. The main areas I will be highlighting are ...

    This is why businesses have trained human resource professionals to avoid discrimination of all types. Laws are used to make sure all businesses abide by this such as the disability and equality act 2010. Within a company worker surveillance can be a base for a lot of conflict and disagreement,

  1. Business plan. The business that I am going to produce is a personalised logo ...

    Therefore they publish a lot of statistics which I think will be very useful to my business as it is trustworthy data, this information of which I will collect from this method of secondary research will be no additional cost to my business, I would not be able to collect this information myself therefore it has many advantages to it.

  2. PEST is a planning tool which is used by a business to evaluate and ...

    as Tesco's to get Ginsters products therefore they may not be in Tesco on a regular daily basis, this is because Ginsters may not be able to get to places as quickly as they will have to be more precautious on the roads, therefore Ginsters products will not be in

  1. The Impact of Migration on the Reduction of Poverty

    of the households and the inability of the non-empowered illiterate women to handle social responsibilities resulting in breaking out of families. The income earning opportunities of these women (say rearing of milch animals) get dissipated due to the non-availability of male households.

  2. NHS change management

    People often feel that their hard work has note been valued which they used to defend their existing system. This can lead to feelings of depression and frustration among people because it will be difficult to work out how to deal with these changes.

  1. Business Ethics. In this part of my task I will be focusing on the ...

    http://www.greenphase.co.uk/organisations.html The tourism of the Gulf of Mexico and general public are more ethical concerns for BP as these people have been majorly affected from the oil spill. The oil spill has reduced and practically stopped tourism in the Gulf of Mexico because the tourist's main attraction was the beach

  2. Nestle stakeholders and business environment

    Responsibilities of Nestlé and the strategy to accomplish 2.2.1. Shareholders Responsibilities towards shareholders Any company is established to create profits for its shareholders or owner. This is also its responsibilities to maximize wealth for its shareholders. In case of Nestlé, it is also responsible to create profits for its shareholders.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work