Ethical Issues &Consideration Reflects †Myassignmenthelp.Com

Question: How to Ethical Issues Consideration Reflects? Answer: Introduction In this report ethics and governance issues have been discussed which reflects how organizations whether on domestic or international level should run their business. With the ramification of economic changes, a massive cover- up of employees exploitation is being run out of 7- Eleven corporation. There are several views points and news which have been given by Media in different news paper throughout the time. It is evaluated that with the collection of information from the different news that the chairman of convenience store chain 7 eleven has conceded that underpayment of staff which resulted into massive destruction of its brand image. This case is consisted with the fact of underpayment of wages to employees and policies and rules prepared by organizations for its employees. Different news by different publishers has been issued on international level which creates a massive level of dilemma in the minds of stakeholders. This report is prepared on the issues and concerns given by two editorials on different dates. One article is related with Australian financial review and another one is related with information given in the Australian newspaper (Fraser, 2016). Body context Australian financial review In the Australian financial review it is given that Russ Wither chairman of 7-Eleven Australia Company has spoke in this less wages payment issues. However, he has promised that if company has been paying fewer amounts of wages to its employees then it would surely pay that less amount in the later time by considering its liabilities. Nonetheless, management department of 7- Eleven Australia has reflected that if company is going to pay this much of salary to its all employees than it would cost millions of dollars and comes as it public relation disasters. In the same article, there are several stakeholders such as various management departments of big organizations who reflected their view point on the shortfall of wages amount. It was given that if company is going to pay high amount of salary to their employees then it would result into high production cost and company would fail to develop cost leadership in market. In addition to this, Russ Wither chairman of 7-Eleven Australia Company has also refuted that shortfall of wages amount would be required to be paid by the franchisee. Company has hired employees through their franchisee which put all the responsibilities on franchisee of 7-Eleven Australia Company. This article requires justification on the fact which has been described by Russ Wither chairman of 7-Eleven Australia Company that company has been running its business since last 38 years in the best interest of employees and stakeholders. After evaluating the short fall in wages cases, it is analyzed that company had been making false promised with its stakeholders (Australian financial review, 2017). Australian newspaper The main stakeholders of these newspapers are the general public who get affected by the business functioning of organization. The Australian newspaper has revealed all the information and policies which company should have followed in order to make right amount of payment to its employees. It has criticized the promises and other commitment made by Russ Wither chairman of 7-Eleven Australia Company as it provides its viewpoints for the best interest of general public (Australian Newspaper, 2017). In addition to this, it has also disclosed the report provided by the Ombudsmen which provides that company has promised to pay its employee full wages amount. If company fails to make payment to its employees then it would make employee secured creditors (Bode, 2017). Analysis In the end of this article it is clearly revealed by the fair work Ombudsman that company has been maintain wrong track records and manipulated rosters which has resulted into short fall of wages payment to its employees. On the other hand, Russ Wither chairman of 7-Eleven Australia Company has also suggested that Franchisees are taking 57% profits from the business functioning of organizations and hiring process of all departments has also been transferred to franchisees. If any shortfall of payment is remained unsettled then it should be paid by Franchisees department not by 7-Eleven Australia Company. On the other hand, Australian newspaper has shown that if company has hired employee with the help of its franchisee then it would not mean that franchisee will pay off the shortfall of employees salaries. Employees have worked for the 7-Eleven Australia Company and had made their efforts for the development and sustainable future of organizations. Therefore, company would pay all th e shortcoming of its payment in ethical manner. Conclusion The stakeholders of Australian financial review are the high influential people such as incubators, highly net worth individuals and other corporate investors who make investment in companies with a view to create value on their investments. Therefore, all the information shown in this article provides positive parts of company and provides that company has been complying with all the possible governance and policies in determined approach. On the other hand, Australian newspaper has reflected the view points of general public. It did not provide its information on the basis of best interest of organizations but consider interest of general publics. If Russ Wither chairman of 7-Eleven Australia Company had made promised to pay shortfall of wages then on the later term he could not say that Franchisee department would pay shortfall of wages to employees. However, manipulation in rosters and employees documents would also render company unethical in its business functioning. Now in the end, it would be inferred that Russ Wither chairman of 7-Eleven Australia Company should company with all the commitments and promises in determined approach. Company should comply with all the rules and regulation of fair wages payment policies (Australian financial review, 2017). References Australian financial review (2017), 7-Eleven Australia Company, Retrieved on 11th May, 2017 from https://www.theaustralian.com.au/business/companies/the-buck-stops-with-us-says-7eleven-chairman-russ-withers/news-story/c446f2f834f4b72748c630a0944ec6b4 Australian Newspaper (2017), 7-Eleven Australia Company, Retrieved on 11th May, 2017 from https://www.smh.com.au/business/workplace-relations/7eleven-wage-fraud-coverup-from-head-office-20150828-gjahrc.html Bode, K., 2017. Fictional Systems: Mass-Digitization, Network Analysis, and Nineteenth-Century Australian Newspapers. Victorian Periodicals Review, 50(1), pp.100-138. Fraser, M., 2016. Investigating 7-Eleven: Who are the real bad guys?. Griffith Journal of Law Human Dignity, 4(2).