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Probable Remedies for the Ethical Processes in the Corporate Organization Essay Example

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Probable Remedies for the Ethical Processes in the Corporate Organization

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Probable Remedies for the Ethical Processes in the Corporate Organization. The issue of life insurance has serious ramifications on the customer and as such it is immoral for companies to compromise the legitimacy of the policy for the sake of making profit.The initial ethical review incident in this case is where the management of the aforementioned organization has compromised on its duty and instead has shown selfishness by not mitigating the probable drawbacks imminent in its ethical policy. This step brings to focus the factors behind the company’s undesired conduct. The net review highlights by giving probable solutions to the existing shortfalls witnessed in the ethical prospects of the company. Ultimately, this is objectively aimed at sealing any probable drawback in the system that might be exploited by the management team.

It should be noted that fraudulence in this case would be taken as an illegal move irrespective of the objective of the person who commits it.In view of the above mentioned company, it is clearly evident that the insurance company was engaged in fraudulent acts with the fundamental reason of attaining optimum profits to salvage it from its financial position. Therefore, it would be imperative to make changes to the company’s policies to ensure that the weaknesses in the system are not exploited by the management to deny policy holders their legally entitled rights to legitimate claims.It is imperative that the policies in the insurance company be subjected too periodic reviews constantly. The implication would be that the probable shortfalls in the process would be mitigated before the whole process in the organization is compromised.In addition, a deliberate move to encourage transparency and diligence on the part of the committee members should be instigated. The ultimate concern in this case is to prevent the likelihood of the members of the committee from being victims of circumstances in reference to ethical practices. In addition, the remedies should guarantee the independence of the committees to ensure that in the course of execution of their duty there is no conflict of interest of unethical conduct. On the occurrence of an ethical conduct, the organization should have a clearly defined path in terms of what should be done in handling such cases. The fundamental objective in this case should be aimed at promoting fairness at all levels within the managerial structures of the company in view of establishing fair ethical practices. It is also. Probable Remedies for the Ethical Processes in the Corporate Organization.

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