Business: Virtue ethics

Question 1

Suggestions to make business more virtuous

Answer 1

Better systems and processes in financial institution, enhanced corporate governance and increasing awareness of customers.
Business schools could provide a business ethics module.

Question 2

Rajat Gupta: would a virtuous person have leaked the information to Raj Rajaratnam? Raja Gupta showed a failure of character:

Answer 2

Integrity; Diid not show integrity to his company Goldman Sachs. He gave away insider intel to benefit himself

Trust- broke trust of other directors on the board and to other people whom he had done business with

Fairness- not fair for 2reasons: other investors didn’t have the information so were at a disadvantage and he used entrusted information to better himself

Honesty- not honest with company

Self-control- he leaked info for eprosnal gain

Question 3

5 virtues important in business

Answer 3

integrity
trust
fairness
honesty
self-control
(in time fiona had sugar)