Assessment 2 will familiarize students with current local, national or global ethical issue.  You will work individually to prepare a report on a case study, which must be agreed to by the lecturer...

BMGT3001 GOVERNANCE AND BUSINESS ETHICS
INDIVIDUAL CASE STUDY ON THE IMPACT OF NEPOTISM ON BUSINESS: A CASE OF JPMORGAN CHASE
Executive Summary
Nepotism is the abuse of power to gain profit where a specific group of people is supported for personal gain. This family favouritism, which has been provided in the case of the company JPMorgan Chase, can be detrimental to their reputation. The company has recruited the child of a particular state-controlled company for financial gains, which has led to a scrutiny by the authority.
The impact of nepotism on the business has been severely deteriorating, elaborated in this report. This issue is a local and global concern that needs to be remediated. The basic argument has been provided based on theories and concepts. The basic structure of the society is justice ethics of justice, coined by Carol Gillian, stating that others and the self should be treated as individuals with equal worth and irrespective of the power; things should be fair between them.
Table of Contents
Executive Summary    2
Introduction    4
Background of the Issue    4
Prevalence and Significance of the Issue    4
History of Organisation    4
Discussion of Case    5
My Argument    5
Ethical Decision Making Approaches & Theories    6
Conclusion    7
Summary    7
Result if Plan not Implemented    7
References    8
Introduction
Background of the Issue
Showing preferences to exceptional individuals or a group can be counterproductive for any organisation where unique treatments and certain behaviour are shown towards people, damaging organisational performance (Firfiray et al. 2018). Nepotism is a significant issue that hampers the productivity of a company. This is an unlawful practice, which can be provoking the deviant behaviour of other employees in the organisation. The conflicts that arise due to nepotism and the reputation that is harmed is tough to get back once a company is suspected of such disrespectful practices within their business premises.
Prevalence and Significance of the Issue
The general proficiency and the prosperity of the work will be diminished under such situations. This is being practised in small, medium to large-sized organisations and this is being a part of an international company. They are recruiting special personnel for gaining business assignments illegally. This is a global issue of concern, which has generated the attention of economists, social activists and business leaders. In this case, a certain case of nepotism for a Chinese company named JPMorgan Cash is upheld. The company has recruited the child of a particular state-controlled company for financial gains, which has led to scrutiny of the company by the authority.
History of Organisation
JPMorgan Chase was first established in the year of 1799 for supplying pure water to the population of the city, which was founded by Alexander Hamilton and Aaron Burr (JPMorgan Chase, 2021). Later on, it has extended its work for chemical manufacturing. This multinational investment bank was established in New York and Jamie demon was its CEO. Although it is a well-reputed international bank, which has successfully added to the country's economic growth, there have been a series of corrupt practices by this one (JPMorgan Chase, 2021).
There have been instances of favouritism and nepotism in this bank for a long time. In addition to that, the Hong Kong office of this company has also recruited the daughter of the Chinese official who was detained because she was accused of breaching the government contract for getting money. When this person joined the company, it was also a reasonable time when JPMorgan was chosen to advance in the public company in affiliation with the government. This was a parasitic incident...