The board of directors of Crossedcurrents, Inc. will
The board of directors of Crossedcurrents, Inc. will hold its quarterly meeting next week. One of the items on the agenda is a revision to the management incentive compensation program (ICP). Currently, the ICP provides that incentive bonuses will be based on the year-to-year change in quarterly net profits shown in the company’s Forms 10-Q and, for the fourth quarter, Form 10-K filed with the SEC. If profits go down, there will be no bonuses. Bonuses can be paid four times a year. The proposal is to change the metric from annual changes in the Forms 10-Q to an annual target set at the beginning of the year and measured using a non-GAAP calculation of “business profits.” Crossedcurrents, Inc. is a U.S. company with no international operations. It is publicly traded.
Required: Using the decision-making model and Kant’s version of deontology, evaluate the decision the board of directors must make regarding the proposed change to the ICP.
Note:
follow the the image attached below for the decision-making model and SKIP STEP #6
Find out what is Kant’s version of deontology, because there is no given materials for it.
ETHICAL DECISION MAKING FRAMEWORK UNIVERSITY (Hartman & Desjardins, 2008) Apply any ethical theory to the following framework
Step 1 Determine the facts in an unbiased manner
Step 2 Identify the ethical issue at hand
Step 3 Identify stakeholders impacted by our decision
Step 4 Consider all available alternatives (use moral imagination)
Step 5 Consider how the decision will affect the stakeholders
Step 6 — Discuss the pending decision with relevant others
Step 7 Make the decision CS
Step 8 ned Monitor and assess the quality of the decision CamScanner –
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