1) No, it was not ethical in hiring this Person, where the case is clear that th
ID: 374302 • Letter: 1
Question
1) No, it was not ethical in hiring this Person, where the case is clear that though the person was qualified enough, it was her father (father's friend) who was the main reason to being hired.
2) They should have policies that focuses on the background of the employees as well in addition to their education and employment background. The policy should check for the candidates family background and whether it has any direct relations to people who are holding position, whose association would deem unethical or non-complaint to the regulation and regulatory practises.
3) The act of senior managers seems to be focussed on business development without any ethical considerations, where they hire people who has direct relations with people who are holding position, whose association would deem unethical.
Explanation / Answer
SSUE FOR DEBATE JPMorgan Responds to a Request In June 2012, Jamie Dimon, the CEOPMorgan Chase, met with a Chinese insurance regulatory official, Xiang Junbo, at the bank's headquarters in New York. JPMorgan was seeking to win lucrative work from a Chinese insurance company. Xiang would have a say in whether or not JPMorgan would win the business. Also at that meeting was a woman brought by Xiang who served as the interpreter between Dimon and Xiang. continued CHAPTER 11
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