Environmental Ethical Dilemma

The dilemma I am faced with is that I overheard the Vice President ask the Company's environmental consultant for advice on how to dump toxic production wastes into a holding pond on the Company's property. I am the Vice President's assistance and basically run the company. I ask myself three questions in regards to the information I overhear. First I ask if I recognize any breaches of ethics by the parties. Second, I ask what the legal ramifications of this information. Finally, I ask myself what courses of actions I might take in response to the above facts and what are the consequences of my actions.
There are several breaches of ethics in this situation. One breach of ethic would be violating the Organizational Code of Ethics (Corley, p 397). These would be a general list of topics and codes that businesses should cover. Included in this list is both a fundamental honesty and adherence to the law and protection to the environment. Both codes of conduct would be breached by this behavior. The company would not be protecting the environment or adhering to the law by not following the Toxic Substances Control Act, which is a coordinated effort to evaluate the effects of chemical compounds on society and the environment (Corley, p.308). …