The board of directors of Crossedcurrents, Inc. will hold its quarterly meeting next week. One of the items on the agenda is a revision to the management incentive compensation program (ICP). Currently, the ICP provides that incentive bonuses will be based on the year-to-year change in quarterly net profits shown in the companyâ€™s Forms 10-Q and, for the fourth quarter, Form 10-K filed with the SEC. If profits go down, there will be no bonuses. Bonuses can be paid four times a year. The proposal is to change the metric from annual changes in the Forms 10-Q to an annual target set at the beginning of the year and measured using a non-GAAP calculation of â€œbusiness profits.â€ Crossedcurrents, Inc. is a U.S. company with no international operations. It is publicly traded. Required: Using the decision-making model and Kantâ€™s version of deontology, evaluate the decision the board of directors must make regarding the proposed change to the ICP.
follow the the image attached below for the decision-making model and SKIP STEP #6
Find out what is Kantâ€™s version of deontology, because there is no given materials for it.