Ethical Theories - 920 Words

2. Ethical Theories used to justify Anglo-American’s Obligation to the ethical issue in Chilean Mines 2.1 Virtue Ethics: In virtue ethical theory, an individual is judged by his character rather than by his actions that may deviate from his normal behavior (Fraedrich, Ferrel and Ferrel, 2009). In Chile’s case, application of virtue ethics justifies the following mishaps: Fairness: With Research gathered from the case study, contract workers are assigned much more dangerous tasks with great risks of injury towards their health i.e. the company uses these workers for a certain period of time and do away with them once younger stronger workers become available while protecting their full time staff with easier tasks and extra benefits†¦show more content†¦Moreover, full time workers were entitled to rights of a union while contract workers were denied these rights on the saying that they were third class workers thus this lead to accumulated anger which finally resulted to company damage in theft, looting and fires (Reuters, 2014). From the above justification, it has being observed that the Government, CEOs and Anglo-American do not uphold labour rights, rights to life, rights to health etc. After the application of the above ethical theories, Anglo-American has an obligation to address the ethical issues observed at the mines. References Chatterjee, P. (2014). CorpWatch : Anglo American Workers Strike Against Contract Labor Conditions in Chile. [online] Corpwatch.org. Available at: http://www.corpwatch.org/article.php?id=15938 [Accessed 3 Mar. 2015]. Facing Finance, (2013). Report on Companies and Financial Institutions Benefiting from Violations of Human Rights. [online] Available at: http://www.facing-finance.org/files/2013/12/DIRTY_PROFITS_II.pdf [Accessed 10 Mar. 2015]. Fraedrich,, J., Ferrel, O. and Ferrel, (2009). Business Ethics 2009 Update: Ethical Decision Making and Cases. [online] Google Books. 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