RBS was part of an economic revolution that took place in the West and duly supported the economy by providing banking services initially in Scotland and than in England. Bnk also subsequently expanded itself through acquisitions and merges with foreign banks in order to achieve exposure and entry into foreign markets. Is most recent acquisition of ABN AMRO- a Dutch Bank- however, rised certain reservations by the various stakeholders as this deal was considered as unfavorable to shareholders. Tis deal was the largest merger in the history of industry and as such expectations were high however subsequent credit crisis potentially unfolded many important implications of this merger as many shareholders believed that this merger was entirely in the favor of all the stakeholders.
Te unfolding of largest losses in the British history by a Bank and subsequent underwriting by the British government raised strong concerns over the corporate governance issues in the organization and also exposed the role of various regulatory authorities to effectively ensure that organizations engage into ethical behavior and follow corporate governance rules and is also one of the most important aspects of contemporary organization as increasing demands from different stakeholders require that the organizations must not engage into activities which are considered as unethical.
Te sustainable leadership ethics is therefore considered as an iterative process as it requires continuous improvement of the various inputs, ations and their output. Tere are two major philosophical foundations of the ethics in general which are also applicable to the organization and work environment too. Tese two systems or philosophical foundations are the deontological and the ethics and are largely based on the writings and ideas of Kant and Stuart Mill.
Te deontological system of ethics often reflects upon the individual’s capacity to apply the universal laws of ethics regardless of the actual circumstances. Acording to this set of principles, ehics are considered as universal and everyone has to follow them in their true spirit. Tis school of thought if applied to the leadership and ethics within the organization would suggest that the leaders have to follow a certain pre-defined path while negotiating with issues of and ethical behavior.
Te implications for such course of action however can be significant. ..
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