Free Business Dissertations - 1: Introduction Normative Philosophy In Business Ethics Is Focused Upon The
1: Introduction
Normative Philosophy in business ethics is focused upon the analysis of the behaviour of an organization with respect to a set standard as argued by George D. Chryssides and John H. Kaler (1993). This method even though argued to risk the unreal philosophy by some authors is extensively used to analyse the behaviour of an organization for ethical and un-ethical behaviour. In this essay the normative theories are used to compare and contrast an ethical fund and un-ethical fund. For the discussion purposes, Ethical funds from Canada and Vice fund from United States of America are analysed using the theories of Normative Philosophy. A factual evidence of both the companies is first presented to the reader followed by the critical analysis in the form of discussion to the reader. This is followed by the conclusion on which the ethical fund and the un-ethical fund are identified based upon the results from the analysis.
2: Company Information
2.1: Ethical Funds
This company is a Canadian mutual fund investment company that pioneers in providing a wide range of mutual fund solutions to its customers in Canada. The company details extracted from the website (www.ethicalfunds.com) is presented to the reader below.
President & Chief Executive Officer: Don Rolfe
Year Formed: 1992 (The first Ethical Fund® (Ethical Growth Fund®) was launched in 1986)
Assets Under Management: $1.8 billion*
Number of Unit Holders*: 180,000
Number of Employees 243*
*As at February 2005
From the overview on the company annual report (2004) it is also clear that the company provides mutual funds solution to the customers with focus upon value added services and optimum rates of interest to provide maximum benefit to the clients. Furthermore, the policies of the company reveal that the company is not only interested in socially responsible investment but also explicitly stated that the investments will not be made in the following categories of business
Tobacco: The Company will not invest in the companies under the category of Tobacco manufacture and sales.
Military: Under this category the company will not invest in organizations that are involved in the manufacture weapons of destruction to support military action.
Nuclear: The company will not only refrain from investing in organization that employ nuclear reactor but also refrain from investing in companies that are involved in any for of nuclear business.
2.2: Vice Fund
Vice Fund is an US based mutual fund organization that provided investment advice to its clients through the long-term growth of the capital. The key facts about the organization extracted from the company’s annual report (2005) are as follows
President: Dan Ahrens
Assets Under Management: $31.
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