QUESTIONS Router plc, a mining company, has said in its mission statement that it will endeavour to make the maximum pos

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Questions Router Plc A Mining Company Has Said In Its Mission Statement That It Will Endeavour To Make The Maximum Pos 1 (62.6 KiB) Viewed 109 times

QUESTIONS Router plc, a mining company, has said in its mission statement that it will endeavour to make the maximum possible profit for its shareholders while recognizing its wider responsibility to society'. Router plc has an opportunity to mine for gold in a remote and sparsely populated area. The mining process proposed in this instance would remove all vegetation from the land concerned. After mining has finished, there will remain substantial lakes of poisonous water which will remain toxic for a hundred years. The mining process is profitable, given the current high world price of gold. However, if the company were to reinstate the mined land, the process would be extremely unprofitable. The company has received permission from the government to carry out the mining. The few local residents are opposed to the mining. Required: (a) Discuss the extent to which Router's mission statement is contradictory. (6 marks) (b) Advise Router how it could deal with strategies that present a conflict of objectives. (6 marks) (c) Discuss the ethical issues surrounding the decision to mine for gold. (8 marks)