Last Updated 18 Jun 2020

Evaluate business conduct in the mining industry using three

Category business, Industries
Essay type Research
Words 579 (2 pages)
Views 289

I hold a copy of this assignment if the original is lost or damaged. I hereby certify that no part of this assignment or product has been copied from any other student's work or from any other source except where due acknowledgement is made in the assignment. No part of the assignment/product has been written/produced for me by any other person except where collaboration has been authorized by the subject lecturer/tutor concerned. I am aware that this work may be reproduced and submitted to plagiarism detection software programs for the purpose of detecting possible plagiarism (which may

I am aware that the plagiarism detection software programs are not the only means that will be used to detect plagiarism (I. E. Having a zero report may still result in plagiarism). Signature: Note: An examiner or lecturer/tutor has the right to not mark this assignment if the above declaration has not been signed. ESSAY Assessment question Evaluate business conduct in the mining industry using three ethical principles of the Global Business Standards Codex.

Type your essay below: The business conduct in the mining industry is relatively poor because most of their activities violate the principles of the global business standards codex. Examples of these activities include using violence and the misuse of political power which violates the dignity and citizenship principle respectively. On the contrary, some businesses in the mining industry have proven to conduct business in conjunction with global standard codex. Activities such as decision making to maximize profits by mining project managers could be perceived in favor of the fiduciary principle.

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This essay will evaluate the business conduct within the mining industry using the dignity, thespians and fiduciary principle of the global business standard codex. Some mining companies hold no respect for the dignity of people in regards to their health and safety. This reflects poor business conduct as it infringes the dignity principle. The Dignity Principle in the Global Business Standard codex promotes that companies should have protect all people in regards to their health and safety and disclose the use of child labor(Paine et al 2005).

While human rights are important there are no internationally enforced laws (Siegel 2013). It is evident that gold mining impasses have taken advantage of this; by forcing the people living in the villages of Askance in West Africa at gunpoint to leave their homes and lands for gold mining; and using children aged eight above to participate in mining labor (Siegel 2013). Mining companies should refrain from the use of child labor directly or indirectly, while compensation should be made to families who have lost their home.

Using principle which clearly indicates poor business conduct in the mining industry. Mining Companies that operate globally have substantial wealth; a great influence upon government and politics (Northwest 2012). Using wealth to influence the government reproduces poor business conduct as it violates the citizenship principle. One of many key points in the citizenship principle is do not participate improper involvement in politics and government (Paine et al 2005).

A recognizable solution which acts in best interest for the community and workers is introducing government regulations (Campbell 2012). While this proves to be an effective possible solution, many mining corporations have empowerment over politics through wealth (Northwest 2012). Companies are able to purchase political power through funding elections of politicians; as a result there is minor chance for environmental regulations to be introduced (Northwest 2012). Mining companies should not use their wealth to gain influences among government to help sustain their businesses.

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