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Business Ethics

The 2004 Federal Sentencing Guidelines are helpful to organizational leaders and boards of directors in promoting more ethical behavior. This is because unlike the Sarbanes-Oxley Act of 2002, which only directed the United States Sentencing Commission to make a follow up on the federal guidelines to make sure they were sufficient to discourage and punish criminal misconduct in government organizations, the 2004 Federal Sentencing Guidelines, inscribed into law demands that both public and private organizations must formulate practical ethics and compliance strategies. The organizations are also required by law to periodically train their employees to comply with set ethical standards (Weiss, 2009). Apart from just training the employees on ethics, I would recommended the incorporation of ethics studies in the school curriculum to ensure students learn the importance of ethics and repercussions of lack of it way before they enter the job market (Johnson, 2004).
The Johns-Manville and Exxon Valdez crises could have been avoided if for instance the medical director of Manville had warned the employees of the risks of exposure to asbestos as well as informing the workers they had asbestosis after carrying the tests in 1970 in Canada. The Exxon Valdez crisis was an accident and may be looked unavoidable. However, following the occurrence of the two crises, the management ought to have responded more responsibly (Weiss, 2009). The top management at Manville and Exxon should have immediately taken full responsibility and compensated for the health risk of employees and other third party victims of the crises instead of fighting against cases in court.
The initiative adopted by Branson’s Virgin Atlantic company to use alternative source of fuel from cheap sources and agricultural wastes is an innovative environmental protection strategy since it will help clean the environment while at the same time reducing more pollution. The method will greatly help in saving the environment from degradation (Weiss, 2009).

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