Leadership, coaching and mentoring Essay Example | Topics and Well Written Essays - 2000 words

Leadership, coaching and mentoring - Essay Example onsibility from the perspectives of UK based a retiree with a major income stream from BP shares and a 25-year-old environmental conservation postgraduate university student as discussed below (Boxell and Crooks 2010, p.4). The management of the company have a fiduciary responsibility for the wealth of the shareholders (Weiss 2009, p.8). The shareholders expect the BP company managers as the UK based a retiree. The management is supposed to uphold and protect the image of the business. The oil spillage at the Macondo well in the Gulf of Mexico destroyed the reputation of the business. Scientist of various risks that their drilling activities could bring about had warned BP Company management. Despite these reports, the company took no notice and continued to dig well 5,000 feet in the sea taking no precaution to prevent the possible impact on the ecosystem should the incident as the oil spillage occurs. The management of BP Company is morally responsible for maintaining good public relation. The management authorized its technical team to sink drills that lead to an explosion at the Deep-water Horizon rig. The explosions lead to the death of 11 men. This destroyed the public relationship and lead to a legal battle. The UK based retiree expects the company to uphold good public relationship which will translate into a wider market and, therefore, high profitability. The company is responsible for cultivating trust in the public. The company had also falsified tanks inspections at Los Angeles-area refinery with 80% of the tanks failing to meet the set requirements on leakage. BP falsified other reports on the condition of the company’s pipes and tanks. This destroys the image of the business in the eyes of the public (Boxell and Crooks 2010, p.10). It is the moral accountability of management to instil trust and honesty between them and the employees in order to maximize the wealth of the shareholders. Trust and honesty would help BP to retain its talented