Question Answered step-by-step SUBJECT-BUSINESS ETHICS PLEASE HELP ME TO FIND THE ANSWERS AS SOON… SUBJECT-BUSINESS ETHICSPLEASE HELP ME TO FIND THE ANSWERS AS SOON AS POSSIBLE. THANK YOU FOR YOUR HELP!Jane worked as a legal advisor in a foreign exchange division of a major bank. In that capacity, she from time to time rejected foreign exchange transactions which clearly contravened the foreign exchange regulations that banks are subject to. One day in a meeting, she noticed that a number of transactions that she had rejected had been approved by the Financial Director of the bank. Very upset by this news, she immediately brought these contraventions of the foreign exchange regulations to the attention of the compliance officer of the bank. He promised to look into that matter. A few weeks later she inquired from the compliance officer on his investigations finding. He confirmed that the transactions indeed constituted a contravention of foreign exchange regulations, but asked her to simply accept these transactions as part of the way in which the bank did business. She learned that the CEO of the bank had also approved of the transactions. She took the matter further by contacting other senior managers in the bank. Their reaction were all similar: “Do not rock the boat, simply accept the culture of the bank”. She then decided to contact the Minister of Finance in order to bring these contraventions to his attention. The Financial Director was outraged when he knew about her intention to report the incidents to the Minister of Finance. He viewed it as a breach of trust and a breach of the secrecy provisions that she had signed in her employment contract. Soon afterwards she was transferred to another division. The transfer was an effective dismissal as no similar post available for her in the new division. Feeling so frustrated, Jane left the bank three months later on the basis of ‘redundancy’. She had to sign a secrecy undertaking and received a letter from the bank stating that she had voluntarily resigned. Source: Rossouw and Vuuren (2010). Business Ethics (4th ed.). Cape Town, South Africa: Oxford University Press.Based on Jane’s situation:1) Discuss the issue of whistle-blowing involved. 2) Assume yourself in Jane’s situation, what would you do? Give your opinion on how to solve the problem. 3) Explain the effects of whistle-blowing on a whistle-blower.? Arts & Humanities Communications Public Relations BUSINESS 3101 Share QuestionEmailCopy link Comments (0)

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