Reference no: EM132819200

QUESTION: CASE STUDY - LYNAS CORPORATION

Lynas Corporation Ltd of Australia is building a rare earth processing plant called Lynas Advanced Materials Plant (LAMP) which is currently under construction at Gebeng in Pahang Malaysia. The company had proposed that raw materials (lanthanide ores) from Western Australia be processed into purified lanthanides, one of the rare earth groups. Rare earth is crucial for the production of high-tech goods from fiber optic cables to smartphones and electric cars.

This case study illustrates the issues regarding Lynas Advanced Material Plant (LAMP). The Lynas Corporation Ltd of Australia first looked at China before settling on Pahang, Malaysia to establish its rare earth processing plant. Rare earth is a slightly radioactive material. Despite reassurances by the company and the State and Federal governments that the Lynas Advanced Material Plant is not dangerous to the employees and the community, some NGOs and the public are still skeptical. They say the benefits derived from an investment may not outweigh the risks. The case presents a balanced perspective on both the benefits and risks of this project

1. Explain with include the example where necessary and provide the references on the findings

a) Definition of ethics

b) Why ethic is important in an organization

c) Ethical dilemmas faced by business organizations

d) Responsibilities of the firm towards its stakeholders

e) The organization name, location, country