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The ethics audit is used as a tool to determine the effectiveness of an ethics program and a major benefit is that it may prevent crises resulting...
The ethics audit is used as a tool to determine the effectiveness of an ethics program and a major benefit is that it may prevent crises resulting from misconduct. The purpose of this assignment is to discuss the crisis which occurred as a result of the BP Oil spill in the gulf and how an ethics audit may have resulted in a different outcome.
View Segment 7: BP Oil Spill and Managing Ethics Programs (1 min 43 sec), NBC Learn Messy Protests Stain BP Shareholder Meeting (2 min 22 sec), and NBC Learn: BP Replaces Tony Hayward (3 min 05 sec). (The NBC Learn videos, will display a cue card player. View this page to learn about the features of the cue card. There is a short delay before the Cue Card displays as the video loads; please be patient.)
Segment 7: BP Oil Spill and Managing Ethics Programs: mms://bbmedia.schoolcraft.edu/video/business/bp-oil-spill.wmv
Also review the following:
- The White House: Deepwater BP Oil Spill: https://www.whitehouse.gov/deepwater-bp-oil-spill
- Huffington Post: Past And Future Effects Of Oil Spill Argued In BP Penalty Trial: http://www.huffingtonpost.com/2015/01/21/bp-penalty-trial_n_6515928.html?utm_hp_ref=bp-oil-spill
- EPA Response to BP Spill in the Gulf of Mexico: https://archive.epa.gov/bpspill/web/html/
- Business Ethics Magazine: The Gulf of Mexico Three Years After BP Oil Spill: http://business-ethics.com/2013/05/28/1747the-gulf-of-mexico-three-years-after-bp-oil-spil/
Respond to the following and support your response.
- Discuss the need for BP to create, manage, and control an ethics program. How do you think the crisis would have been handled if this was in place at the time of the disaster? Make sure to comment on Tony Hayward’s impact on the crisis.
- Identify three benefits of an ethics audit and indicate how the audit could have helped or hurt BP in responding to the gulf disaster.
- Identify three risks of an ethics audit and indicate how the audit could have helped or hurt BP in responding to the gulf disaster.
