Burns, Cacciamani, Clement, and Aquino 22). Also, the board was never certain of what was going on with the AHERF. The AHERF failed to fulfill the fiduciary duties of healthcare organizations boards of directors which are “to carry out their duty with loyalty, and obedience to corporate purpose as the fundamental fiduciary duties of a health organization board of trustees. Board members are obligated to disclose situations that “may present a potential for conflict with the corporations’ mission” (Nelson and Hofmann 94). Ultimately, if the conflict of interest cannot find a resolution, the board should resign. However, resolve and resignation is not what happened in the instance between AHERF and board. The AHERF took extra steps to protect
…show more content…
The lessons learned from this study is ethics in an HCO is not an option it is required. Ethics is a part of the call to serve the needs of others. The code and principle of ethics require those in help professions to adhere to specific ethical guidelines. The ethical boundaries to keep the healthcare profession transparent and accountable to themselves, to patients, and to the community. To recapture Ms. New concludes the analysis with the article Blog: Business Ethics, Culture, and Performance by Carter McNamara ten benefits of managing ethics in the workplace
1. Attention to business ethics has substantially improved society.
2. Ethics programs help maintain a moral course in turbulent times.
3. Ethics programs cultivate strong teamwork and productivity.
4. Ethics programs support employee growth and meaning.
5. Ethics programs are an insurance policy — they help ensure that policies are legal.
6. Ethics programs help avoid criminal acts “of omission” and can lower fines.
7. Ethics programs help manage values associated with quality management, strategic planning, and diversity management — this benefit needs far more attention.
8. Ethics programs promote a strong public image.
9. Overall benefits of ethics programs:
10. Last – and most — formal attention to ethics in the workplace is the right thing to do. (management …show more content…
New
Powers
MGE 8256
5 November 2016
Glossary Terms
Bankruptcy:
Bankruptcy is still a viable option for the consumer as well as the business owner. If a person owes consumer debts such as credit card debts that are simply too large to pay within a reasonable time, then bankruptcy is an option, and the debts can be removed (without tax) in a bankruptcy. (Chesnutt, Charles)
Bankruptcy 7:
When a corporation or partnership files a Chapter 7, liquidation occurs. Moreover, immediately upon filing the bankruptcy, all of the assets and all the control of the company or partnership pass to a bankruptcy trustee. A bankruptcy trustee is someone who takes the business and sells it either as a whole or sells its various assets and then divides up the proceeds among the creditors of the firm according to their different entitlements. Filing the Chapter 7 immediately ends the business. (Chesnutt, Charles)
Bankruptcy 11:
On the other hand, Chapter 11 bankruptcies are made for businesses, and they are designed to bring all parties to the negotiating table using the threat of a bankruptcy judge approving a plan that pays back only a portion of what is due whether the creditors like it or not. (Chesnutt, Charles)
Bankruptcy
The lessons learned from this study is ethics in an HCO is not an option it is required. Ethics is a part of the call to serve the needs of others. The code and principle of ethics require those in help professions to adhere to specific ethical guidelines. The ethical boundaries to keep the healthcare profession transparent and accountable to themselves, to patients, and to the community. To recapture Ms. New concludes the analysis with the article Blog: Business Ethics, Culture, and Performance by Carter McNamara ten benefits of managing ethics in the workplace
1. Attention to business ethics has substantially improved society.
2. Ethics programs help maintain a moral course in turbulent times.
3. Ethics programs cultivate strong teamwork and productivity.
4. Ethics programs support employee growth and meaning.
5. Ethics programs are an insurance policy — they help ensure that policies are legal.
6. Ethics programs help avoid criminal acts “of omission” and can lower fines.
7. Ethics programs help manage values associated with quality management, strategic planning, and diversity management — this benefit needs far more attention.
8. Ethics programs promote a strong public image.
9. Overall benefits of ethics programs:
10. Last – and most — formal attention to ethics in the workplace is the right thing to do. (management …show more content…
New
Powers
MGE 8256
5 November 2016
Glossary Terms
Bankruptcy:
Bankruptcy is still a viable option for the consumer as well as the business owner. If a person owes consumer debts such as credit card debts that are simply too large to pay within a reasonable time, then bankruptcy is an option, and the debts can be removed (without tax) in a bankruptcy. (Chesnutt, Charles)
Bankruptcy 7:
When a corporation or partnership files a Chapter 7, liquidation occurs. Moreover, immediately upon filing the bankruptcy, all of the assets and all the control of the company or partnership pass to a bankruptcy trustee. A bankruptcy trustee is someone who takes the business and sells it either as a whole or sells its various assets and then divides up the proceeds among the creditors of the firm according to their different entitlements. Filing the Chapter 7 immediately ends the business. (Chesnutt, Charles)
Bankruptcy 11:
On the other hand, Chapter 11 bankruptcies are made for businesses, and they are designed to bring all parties to the negotiating table using the threat of a bankruptcy judge approving a plan that pays back only a portion of what is due whether the creditors like it or not. (Chesnutt, Charles)
Bankruptcy