At least 25 companies have paid bonuses worth a combined $24.3 million to their executives after claiming JobKeeper subsidies, an analysis of the financial reports of 290 entities on the ASX 300 has found.
The analysis of Australia’s largest publicly-listed companies was conducted by corporate governance advisory Ownership Matters. It comes after Jennifer Westacott, the chief executive of the Business Council of Australia, this week called on companies to refrain from paying executive bonuses if they are receiving JobKeeper payments.
“Companies should not be paying executive bonuses if they are receiving JobKeeper,” Ms Westacott said. “It wasn’t designed for that. It was designed to keep people working.”
1. What is the ethical issue? (2 marks)
2. What are the facts? (3 marks)
3. What are the alternative actions and how are they evaluated against four different ethical approaches (consequence-based, action-based, rights, and fairness approach)? (8 marks)
4. What is the recommended course of action and why? (4 marks)
5. How should the decision be implemented? (3 marks)
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