Physiology 2075G Lecture Notes - Lecture 1: Deontological Ethics, Relativism, Fiduciary

• School: Western University
• Department: Physiology
• Course: Physiology 2075G
• Professor: Dean Proessel

Document Summary

Whe(cid:374) i(cid:374) ro(cid:373)e moral maturity a(cid:374)d ethics for i(cid:374)ter(cid:374)atio(cid:374)al eco(cid:374)o(cid:373)ic orga(cid:374)izatio(cid:374)s. Def"(cid:374) of triple (cid:271)otto(cid:373) li(cid:374)e reporti(cid:374)g: includes the standard bottom line for companies: profit but also to evaluate the people and the planet. by andreas falkenberg. Stages of ethical reasoning: preconventional, conventional, post conventional. Preconventional (cid:862)these (cid:272)a(cid:374) (cid:271)e des(cid:272)ri(cid:271)ed as a rather egoisti(cid:272), or a (cid:862)sti(cid:272)ks a(cid:374)d (cid:272)arrots(cid:863) (cid:448)ie(cid:449) of ethi(cid:272)s. a (cid:272)hild (cid:449)ill t(cid:455)pi(cid:272)all(cid:455) try to avoid pain and seek pleasure. One may pay taxes because one fears the consequences of not paying. A state(cid:373)e(cid:374)t like (cid:862)good ethi(cid:272)s pa(cid:455)s(cid:863) (cid:373)a(cid:455) belong in this stage. Is dri(cid:448)e(cid:374) (cid:271)(cid:455) self i(cid:374)terest, if i out to (cid:373)ake (cid:373)a(cid:454)i(cid:373)u(cid:373) profit i (cid:449)ill do (cid:449)hate(cid:448)er it takes to fulfill this. Managers are agents of their principle shareholders and have a fiduciary duty to them, when making decisions they are looking into the best interest of their shareholders by doing cost/ benefit analysis.