Video by Ed Freeman discussing stakeholders and stakeholder theory: http://www.youtube.com/watch?v=bIRUaLcvPe8
In this assignment, you will further the understanding of the ethical issue that you have identified (Please see “Ethical
Issue” below). One way of better understanding a business decision or ethical issue is to identify the values of the
stakeholders who are involved in the decision.
Reference the “Background” paragraph below about “stakeholders” and “stakeholder theory”.
Once you have identified the stakeholders (a few representatives are fine if you have identified stakeholder groups) see
what they think about the issue and decision, put yourself in their position and consider what their views might be based
on their values.
Please write a 3-page paper, not including cover page and reference page, explaining who the stakeholders are for this
business decision and ethical issue and explaining their views on the issue and decision.
Assignment Expectations
Paper should be double-spaced and in 12-point type size, use headings, separate cover page and a separate reference page.
Proofread your paper before submitting it
BACKGROUND Reading:
The issue of transparency in financial reporting has several facets or dimensions. First of all, there is both a positive
and negative aspect. On the positive side are the questions of what to report, to whom to report, and when to report. The
negative aspect recognizes deception and outright fraud in reporting practices as well as the issue of insider trading.
The intent of financial reporting is to convey information to a company’s investors and other stakeholders about the
company’s financial condition and its past, current, and prospective future operations—at various levels of detail
depending on the particular interests of these stakeholders. The obvious standards for the positive side of this task
relate to truthfulness and significance in terms of actions that might be taken by these stakeholders as a result of what
is reported and when. In the case of publicly held corporations, some of the requirements meet standards that are spelled
out in regulations set and enforced by the U.S. Securities Exchange Commission and established by national and
international accounting organizations—in the United States, for example, by the American Institute of Certified Public
Accountants’ “Generally Accepted Accounting Principles” (GAAP). The Internal Revenue Service requires non-profit
organizations with more than $25,000 in annual revenue to file a 990 form reporting financial and related data. Beyond
those requirements, the standards regarding reporting what, when, and to whom are largely a matter of custom, stakeholder
request, and organizational initiative.
“Ethical Issue”
One single moral problem most leaders face is to report or not report a soldier who is absent from formation. This moral
problem is common and occurs on a daily basis. When a soldier is absent from their appointed place of duty, leadership
must inform higher command elements. However, some leaders lie for subordinates by reporting the soldier is present or
en-route when a soldier’s location is unknown. In this situation the soldier’s absence is referred to as “out of ranks”
and poses several issues.
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