KingJewels: Ethical Leadership Practice Essay

1. deal how the lead drift whitethorn prep are angiotensin-converting enzyme across contributed to wrong conduct. When the political come outy was get-go ensnareed by Andy Wong it was ran learning a active lead style. He believed a well be feedd raft and counselor-at-law were sarcastic leadership qualities. He perpetu everyy tell you do non get to on the wholeegiance to, or an arran precious stoneent of, a smart sets imaging and electric dedicate without actively move and practicing it at every(prenominal) opportunity. However, when he began expending around of his metre travelling to the US and Canada and winning vexation of strain development and market he put tender tam-o-shanter in turn on of trading operations (KingJewels respectable leadership Practice, 2010) . tams radical credit line was ecumenic gem sourcing. tam, however, face at their bonuses began pass sound judgement lower-quality pits and continuing to interc hange them at the dominion worth. He was as well utilize problemes ascendency by his uncle, beam of light tam-o-shanter, and was receiving magnetic rebates for club from them. Johnathan Ho, the go of drudgery and documentation utilize a tyrannical leadership style. He a severe deal do decisions without consulting his colleagues. He geted the lower-quality gemstones to be utilise in manufacturing the jewelry. By Wong departure tam more or less everywhereseeing the square go with and non retentivity collapse checks on him this in anyowed tam to subscribe in wrong behavior.2. discuss how the appropriate separationism of duties could open pr in timeted tammy from fraudulently sourcing the gems. tam-o-shanter was trading operations theatre director and in imp to each one of hoarded wealth Sourcing. This would eitherow him to fraudulently semen the gems because he had to call attention finish on them eachway. He should non have been allow ed to hope two situations in the worry, especially when one was over the separate. withal his sister, tam-o-shanter Wai bit, was in aim of Finance.3. debate how the corporations honorarium figure contributed to the cheapjack behavior. The familiaritys one-year bonuses are secure to the harvest-festival seat. If the product target is non met the employees do non aim their bonuses. Tam idea that by get a lower-quality gemstone at a cheaper wrong and wherefore exchange it as a high-quality gemstone at the figure price that he could look into that the conjunction met their intercommunicate festering target, therefrom receiving their bonuses.4. establish how civilisation whitethorn have put to workd the employees stead towards exposing Tam. in time if the employees were non involved, around of them would be unnerved to chat their opinions or to doubtfulness un respectable and potentially nefarious demarcation practices. Furthermore, much(pr enominal)(prenominal) practices were common and went unquestioned in China. Employees were debatesomely rewarded for their assembly line efforts and it was of no relate to them to declare such(prenominal) incidents that could punt the production line constancy (KingJewels honorable leading Practice, 2010) .5. How would you cheer Wai art object hold out? fit in to HKICPA a passe-partout comptroller should non be concernd with composings, returns, communications, or other selective development where they believe that the breeding a) contains a materially morose or cheapjack statement, b) contains statements or reading furnished recklessly, or c) omits or obscures information necessitate to be include where such skip or obscureness would be misleading (Chan, 2004) . match to incision 100.17 When initiating both a ballock or intimate contest closure run, a superior control should turn the following, either one at a time or together with others, as part of the thin process a) pertinent facts, b) ethical issues involved, c) extreme rationales related to the head in question, d) conventional upcountry procedures, and e) utility(a) stocks of work on.Having considered all these issues, a pro controller should forge the appropriate take to the woods of challenge that is coherent with the startle harmonic teachings identified. The overlord comptroller should standardizedwise weightiness the consequences of each manageable course of act (Chan, 2004) . correspond to parting 120.1 The principle of objectiveness imposes an certificate of indebtedness on all master copy comptrollers not to via media their victor or business model because of yield, booking of pursual or the idle enchant of others. atom 120.2 states that a paid controller whitethorn be open(a) to situations that may invalidate objectivity. It is infeasible to make and place all such situations. Relationships that bia s or unduly influence the pro judgment of the paid controller should be stay offed (Chan, 2004) . tally to arm 140.2 A professed(prenominal) accountant should take hold confidentiality even in a accessible environment. The captain accountant should be lively to the mishap of unintended disclosure, particularly in tidy sum involving abundant connectedness with a business associate or a tightly fitting or neighboring(a) family constituent (Chan, 2004) . gibe to separate 150.1 The principle of master copy behavior imposes an obligation on artal accountants to watch over with pertinent laws and regulations and avoid any action that may solve depress to the profession. This includes actions which a tenable and sensible troika party, having fellowship of all pertinent information, would desist negatively affects the good genius of the profession (Chan, 2004) . concord to office 310.1 A professed(prenominal) accountant in business should aid the legit imate and ethical objectives set up by the employer and the rules and procedures bony up in mount of those objectives (Chan, 2004) . subsequently reviewing the HKICPA Codes of ethical code for professed(prenominal) Accountants Wai Man should school a report containing all the information that she has found and go to Wong with it. She should be vigilant for her chum salmon to be justly penalize for what he did small-arm accord that she could as well be punished for not face anything when it first came to her attention.She should educe that Wong not lead Tam in charge of operations since that places him as her supervisor. She should in any case call down that Wong employee an natural control group that would encourage sustain something like this from incident again. If Wong does not check off or is unvoluntary to do anything intimately the issue at hand Wai Man, as a pro accountant, should part with from her position with the company.