Consequential theory is an ethical theory that emphasizes the consequences or results of behaviour. Morality of an action is based on the outcomes or consequences of the action. According to this theory a morally right action is the action that will produce a good outcome. One of the most used examples of consequentialism is if one breaks a promise. Breaking the promise is neither good nor bad; it solely is dependent on the outcome of this action.
Volkswagen decided and installed software termed as “defeat device” in 11 million Volkswagen and Audi diesel vehicles. This software in engines could detect when they were being tested and change the performance accordingly to improve the results and thus pass the emissions testing process. VW has …show more content…
Studies have shown that women directors could help corporations gain a competitive advantage by dealing more effectively with diversity in their product and labour markets. With a good gender diversity, shareholders can be represented better by the Boards, work/life balance can be better appreciated which would also help in recruiting and retaining top executive women and minorities.
The new CEO, Matthias Muller, was handpicked by the company’s 20 member supervisory Board, 17 of them who were German or Austrian. Lack of a broad international mix on the board, especially an executive with U.S experience compounded Volkswagen’s problems in North America. In addition to lack of gender diversity, Germany’s corporate governance system is held back by its cliquishness. There are still a plenty of directors with overlapping business interests.
Workplace diversity is not about increasing the racial, national, gender or class representation. It’s about the varied perspectives and approaches to work that the members of different identity groups bring. Members of diverse groups can help companies grow and improve by challenging basic assumptions about an organization’s functions, strategies, operations, practices and
Volkswagen decided and installed software termed as “defeat device” in 11 million Volkswagen and Audi diesel vehicles. This software in engines could detect when they were being tested and change the performance accordingly to improve the results and thus pass the emissions testing process. VW has …show more content…
Studies have shown that women directors could help corporations gain a competitive advantage by dealing more effectively with diversity in their product and labour markets. With a good gender diversity, shareholders can be represented better by the Boards, work/life balance can be better appreciated which would also help in recruiting and retaining top executive women and minorities.
The new CEO, Matthias Muller, was handpicked by the company’s 20 member supervisory Board, 17 of them who were German or Austrian. Lack of a broad international mix on the board, especially an executive with U.S experience compounded Volkswagen’s problems in North America. In addition to lack of gender diversity, Germany’s corporate governance system is held back by its cliquishness. There are still a plenty of directors with overlapping business interests.
Workplace diversity is not about increasing the racial, national, gender or class representation. It’s about the varied perspectives and approaches to work that the members of different identity groups bring. Members of diverse groups can help companies grow and improve by challenging basic assumptions about an organization’s functions, strategies, operations, practices and