The Bank Compliance in the XXI Century Research Paper will examine a current, specific, controversial business action or practice from a three "value" perspective: law, ethics, and social responsibility. The paper will demonstrate research, analytical, original thought, and discussion attributes.
A. Paper Title
The title of the paper will be: Integrating Business Values: The Legality, Morality, and Social Responsibility of ______________.
B. Purposes (Abstract)
The paper will examine a current, specific, controversial business action or practice from a three "value" perspective: law, ethics, and social responsibility. The paper will demonstrate research, analytical, original thought, and discussion attributes. The paper will conform to the graduate standards of the university and will include a Certificate of Authorship.
C. The Bank Compliance in the XXI Century Research Paper will contain the following sections:
- Introductory Section – focusing on narrow action or practice; describing Bank Compliance in the XXI Century ; providing adequate background information; stating significance of Bank Compliance in the XXI Century and relevance to business.
- Legal Section – determining laws governing area; examining nature and effect of laws; noting absence of law or legal "loopholes"; ascertaining legality of action or practice.
- Ethical Section – employing the Utilitarian ethical philosophy to ascertain the morality of the business action or practice (Note: see Section bellow for outline of Utilitarian analysis.). You will then examine the business activity and determine its morality using one other ethical theory.
D. Social Responsibility Section – If the action or practice is not moral, what suggestions, qualifications, or alternatives can you offer to make it moral, or to make the law governing the area just? Even if the action, practice, or law is moral, what socially responsible recommendations can you provide to mitigate any pain or harshness caused by implementing the legal action or practice? Determine if the act is socially responsible by looking at the "long term" effects of the act on society. You should also identify all the "stake holders" relative to the action or practice and balance their similar or competing interests to arrive at a socially responsible course of action.
E. Conclusion – summarizing problem, major findings, and proposed solution.
From the Ethical Section Above. The Utilitarian Approach In order to determine the morality of an action, practice, rule, or law pursuant to the ethical theory of Utilitarianism:
- Accurately and narrowly state the action to be evaluated (e.g., Is it moral for a particular company to…?);
- Identify all people and groups who are directly and indirectly affected by the action (including the company's constituent groups or "stakeholders" or affected member groups in society)
- Ascertain whether there are some obvious, dominant considerations that carry such weight as to predominate over other considerations;
- Specify for each person or group directly and indirectly affected all the reasonably foreseeable good – pleasurable and bad – painful consequences of the action, as far as into the future as appears appropriate, and consider the various predictable outcomes, good and bad, and the likelihood of their occurring
- For each person and group, including society as a whole, measure and weigh the total good consequences against the bad consequences;
- Quantify the good and bad consequences for each person and group on a numerical scale (-5, -4, -3, -2, -1, 0 +1, +2, +3, +4, +5) representing units and extremes of pleasure and pain;
- Sum up all the good and bad consequences;
- If the action results in a positive number, it produces more good than bad, and is a morally right action; and if the action results in a negative number, it produces more bad than good, and is morally wrong.