subject ethics3311 - fundamental ethicsanswer all questions based on case study

1. What are the ethical issues involved?
2. What are the relevant facts?
3. Is there any missing information you should seek?
4. Initial Response?
5. Method of Resolution?

Case Study #7 You are a managing director at the True North Credit Union (TNCU) branch in Nunavut. There are three other senior managers who work with you, and one of them is only a year away from retiring. The managers are all white males, two from Toronto, one from Montreal and one from Winnipeg. Recently a Native employee quit, accusing the company of racism when he was not promoted to a middle management position. Several newspaper articles and letters about this issue, most of them condemning your company, have since appeared in the Nunavut Times. The TNCU has always been proud of its high standards in hiring middle management trainees, all of whom have a college or university degree in busi- ness or in finance and accounting. TNCU has managed to survive within the highly competitive banking community mainly because of the expertise of its managing directors. You like to promote from within, so mid-level managers are likely to advance to upper management in time, which is why the hiring criteria are so high. Unfortunately there are no Native Canadians in Nunavut270 CHAPTER 9 with the required level of education, since any who achieve this level are quickly hired by larger companies that can offer them more money. You are concerned about losing customers due to the bad publicity and have decided to meet with the other TNCU directors to discuss hiring Nunavut Native Canadians into management positions. You are considering a number of options, such as lowering the required qualifications for Natives; offering an OJT internship in lieu of academic qualifications, for Natives only; increasing the salary to entice back Native Canadians who meet the current requirements; or offering them a one- time financial incentive. The TNCU cannot afford to increase all management salaries or make incentive pay universal. You are also open to any other options