QUESTION
ABC Bhd is a public listed company incorporated in Malaysia. (hereinafter referred to as ‘The Company’) whereby Mr. Alex Chong is the majority shareholder and director of the company. The Memorandum and Articles of the Association of the Company provides that the company is involve in the manufacturing and producing of Car. Recently the Company had entered into a Joint Venture Agreement with Toyoto Automobile Manufacturers in Japan to joint collaborate in producing and manufacturing a new type of hybrid car. Currently, the Company has spent a great deal of money developing this new type of hybrid car and due to this has expanded its portfolio and recruits 1000 employees.
Despite the various efforts undertook by Mr Alex Chong, the company is financially struggling and is in urgent need of capital. If the company does not get some large orders, it will have to close down its operations and there is a high possibility that the company will go bankrupt. Thousands of employees will be out of jobs and indirectly it will have a significant adverse effect on the automobile industry in Malaysia.
Mr Alex Chong received certain insides confidential information about a particular key government minister who is involved in various political scandals. Mr Alex Chong suggest to the government minister to inject a certain fund in the company so that he will not leak it out to the Media. In the next few days, the Company received RM5 million as hush money.
(a) Discuss whether Mr Alex Chong’s action is ethically right based on the Consequential as well as based on the Non-Consequential Theory and Virtue Ethics (6-7 pages) 80 marks
(b) What would your advice to Mr Alex Chong pertaining to this matter. (3-4 pages) 20 marks
1 answer
1 answer