Q.1) State the concept of probity. Explain its objectives. (150 words)
Case study
One of the scientists working in the R & D laboratory of a major pharmaceutical company discovers that one of the company’s bestselling veterinary drugs, B has the potential to cure a currently incurable liver disease that is prevalent in tribal areas. However, developing a variant of the drug suitable for human beings entailed a lot of research and development having a huge expenditure to the extent of 50 crores rupees. It was unlikely that the company would recover the costs as the disease was rampant only in poverty-stricken area having very little market otherwise.
If you were the CEO, then—
(a) Identify the various actions that you could take;
(b) Evaluate the pros and cons of each of your actions.