Harriet Moore is an accountant for New World Pharmaceuticals. Her duties include tracking research and development spending in the new product development division. Over the course of the past six months, Harriet has noticed that a great deal of funds has been spent on a particular project for a new drug. She hears “through the grapevine” that the company is about to patent the drug and expects it to be a major advance in antibiotics. Harriet believes that this new drug will greatly improve company performance and will cause the company’s stock to increase in value. Harriet decides to purchase shares of New World in order to benefit from this expected increase.
Required
1. What are Harriet’s ethical responsibilities, if any, with respect to the information she has learned through her duties as an accountant for New World Pharmaceuticals?
2. What are the implications of her planned purchase of New World shares?
New World Pharmaceuticals, LLC was established in 2007 and is a privately held specialized pharmaceutical business dedicated to the study and creation of novel drug delivery methods that eliminate or lessen barriers to taking prescription drugs and dietary supplements. The business specializes in the creation of controlled release technologies for intradermal and oral delivery. The temperature and pH responsive micro-gel technology that New World Pharmaceuticals has created and patented enhances and maintains the oral bioavailability of carbohydrates and several other BCS Class I, II, and III medicines. Additionally, the business is creating and patenting a revolutionary intelligent intradermal delivery system that can be used with both tiny and large molecules.
dren and young people should be guided by actions that promote their ‘best interests’ (Article 3). The rights-based approach frames current policy and practice by acknowledging children’s strengths and resilience as well as recognising their vulnerabilities. Lansdown observed that (2005 p.4) “the vulnerability of children derives, in some part, not from their lack of capacity, but rather, from their lack of power and status with which to exercise their rights and challenge”. In the debate about children’s needs, Woodhead indicated that (2006, p.28) that “The shift in the young child’s status within policy and practice is also signalled by the move away from policies based mainly around adult constructions of children’s needs.”
Developmental psychology has tended to view children as passive recipients of care rather than active participants. Piaget’s (1958) viewed cognitive development in four stages and was critiqued by Vygotsky who believed Piaget overlooked the importance of cultural and social interactions. In recent years, there has been a shift in the thinking about a child’s early relationships. Bronfenbrenner (1993) has helped us to understand the importance of fostering relationships with children and families. He explained that a child’s life is rooted in multiple and interrelating contexts and shaped by systems and cultural institutions he or she interacts with, for example, family, friends, neighbours, school and wider structures such as local services. However, some frontline practitioners might say that constructions of family are much more complex than depicted and that the systems around children are not always straightforward. Neuroscience also confirms that the developing brain is influenced by the interactions with the environment and evidence suggests that early positive experiences with caregivers can help build resilience to lessen the negative effects of dy