Question

In: Finance

Agency program and policy evaluations are subject to a variety of conflicts of interest, depending on...

Agency program and policy evaluations are subject to a variety of conflicts of interest, depending on "who" performs the evaluation. Discuss the ethical implications of an agency hiring its own outside contractor to evaluate its programs and policies in 200 words.

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Expert Solution

Agency program and policy evaluations plays an important role in every organization. Agency program and policy evaluation helps in determining the effectiveness of any project. It helps in measuring the benefits or outcome of the projects for the organization. The benefits or outcome of every project and for every organization is different. Policy evaluation helps in developing their projects and their goods or services which is provided by an organization. It helps the organization to learn various things from their past projects for improve the quality of their future or upcoming projects. It also helps in planning or organizing their resources so that their resources can be fully efficiently used and able to improve their services for their stakeholders. Stakeholders includes the shareholders, debenture holders, customers and any other person who have interest in that organization.

The ethical implications are totally depending upon the person who hired for the performing the evaluation of policies. An organization should hire the independent person for evaluating the policies in order to get true and fair report. If an organization hire its own contractor for evaluating the policies, then the result may or may not be true or fair because they do not suggest ways or methods to organization for improving their policies. Therefore, policy evaluation should be done by the independent person.


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