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Corporate Ethics as One Analyst Notes Term Paper

… Corporate Ethics

As one analyst notes, the debacles of Enron, WorldCom, and Arthur Andersen have created significant challenges for management for the foreseeable future (Isaza, 2005). It is clear that business leaders need a stronger ethical orientation and must set the tone for subordinates and for the business world as a whole. One of the unfortunate aspects of the recent scandals, including Enron, Worldcom, and Adelphia, is that the ethical lapses occurred from the top, setting a tone that might cause others in the companies to act similarly and that also brings the business world into disrepute, contributing to a loss of public confidence and so having far-reaching ramifications. A more ethical orientation is good for business, for as a report from Australia notes, "Poor…. [read more]


Compliance Manager Operates Essay

… However, if the words and deeds of the senior officers and board send a strong message about governance, and that message is backed by their policies, then the company is more likely to have a strong governance culture.

Lastly, the governance culture must exist throughout the organization. Taking the lead from the senior officers and the company's compliance officer, the lower level employees must also contribute to the creation of a governance culture. If the culture is permeated throughout the organization, it is more likely to succeed in the long run.

4. Sustainability of the business is the result of a number of factors, and the culture of governance is an important one. The governance culture promotes sustainability because it allows the organization to avoid…. [read more]


Carbon Footprint Qantas Essay

… Many customers are not sufficiently acquainted with these systems to use them comfortably and as a result some customers are frequently late to flights which results in operational inefficiencies.

Finding New Innovation

To operate sustainably in such economically and environmentally challenging times, Qantas will undoubtedly have to focus on innovation. Reducing weight can only do so much to improve efficiencies in the short-term and eventually they will have to think in more of a long-term perspective. Even though the airline industry in general is achieving higher fuel efficiencies and reducing other pollutants that are emitted in the atmosphere, the total number of flyers is also expanding which increases the overall emission levels. Therefore, Qantas must have a short-term, medium term, and long-term strategy for achieving…. [read more]


Strategy and Corporate Governance and Ethics Research Paper

… Strategy & Ethics

Bowden & Smythe's article Theories on Teaching and Training in Ethics examines the ability to strengthen moral behavior through courses on ethics. This article begins with the proposition that ethics cannot be taught to adults expounds upon that concept with a review of the evidence that has been gathered on the subject. This has significant ramifications for strategic management because of the importance of ethical behavior, especially at the leadership level. The prevailing wisdom of recent years is that ethics can be taught, but if the evidence does not support this, then companies need to reform both their hiring and their training policies with respect to ethics.

Strategic Decision-Making

Nohria (2004) outlines a number of the strategic decisions that companies make that…. [read more]


Invesco Company an Employee's Experience Essay

… The board of directors is composed of independent members and must fulfill the directors' qualification and selection criteria. The governance guideline specifies the terms of references for both the board chairperson and the chief executive officer. The guidelines also specify the structure of the company by providing clarifications on the characters of the committee and the code of conduct, compliance and reporting lines.

Small changes need to take place on the structure of the company to facilitate efficient corporate governance and improve creativity and innovation of the top executives. The current structure is also efficient if all participants meet the guidelines. Nomination to the board of directors should rely on qualifications and experience in the respective field. The shareholders' power to nominate an individual to…. [read more]


Nonprofit Board Term Limits Term Paper

… When the hospital goes through a board review process, members who are not productive may be asked not to stand for reelection. (Biggs, 2001)." Thus the problem is not that board members can potentially serve too long, rather it is the board review process that must be accountable. If the hospital review performs its job of reviewing the board's performance effectively then the term limit argument essentially becomes irrelevant. The board members should be monitored a judged based on their performance rather than the total time that they have served on the board.

Another example is provided by credit union consultant George Towle. Mr. Towle proposed this scenario, "if your credit union grew from $200 million to $600 million dollars during a specific time frame,…. [read more]


Corporate Compliance Plan: Riordan Manufacturing Essay

… These codes, and other examples of corporate self-governance such as internal corporate investigations, are becoming a regular staple among the conditions on which favorable settlements can be based in negotiations with government agencies. Corporate codes of conduct are a product of the pressures created by the current regulatory environment.

The current state of the law deprives society of the benefits that would accrue from widespread state-of-the-art compliance programs. Despite cynicism that is sometimes well grounded, corporate self-regulation provides a valuable check against antisocial behavior. The corporation is in the best position to predict sources of potential misconduct and to develop the most appropriate controls. The controls that the corporation develops are likely to be more efficient than a system imposed by the government. While no…. [read more]


Global Corporate Strategy: Continental AG Case Study

… The official website for Continental AG reports that the company has realized sales of over $25.5 billion (Continental Corporation, 2010). The gain in profit in itself, not to mention the fact that the changes worked to bring Continental out of the red in the first place, speak volumes as to what can happen when strategic innovation is nurtured and fostered in a company. When employees realize their potential and the impact it may have on the company, as well as their own livelihood, they are more likely to come up with those new, profitable, ideas.

Using relevant data/information from the literature and company websites, compare and contrast the 'corporate governance' and 'corporate social responsibility' practices of Continental AG (www.conti-online.com/) with those of Goodyear Tyre &…. [read more]


Best Buy CO. Inc Case Study

… This has increase the threat of legal complications in case the company fails to meet legal or social expectations. On the contrary, the task environment improvement has made it possible for the firm to use information technology to gain a competitive advantage over its rivals as well as better manage its internal resources.

IV- Internal Environment: Strengths and Weakness

A- Corporate Structure

The corporate structure of Best Buy is hierarchical as well as cross-functional. Having viewed the composition of executive management and board of directors, it becomes evident the company lacks talent that can anticipate the future trends in retail sector, specifically the impact of online retailing upon the traditional bricks and mortar retailing. Most of the members of board of directors have rich experience…. [read more]


Golf Company the Calloway Essay

… (CallowayGolf.com, 2011) Corporate governance is stated by Callaway Golf to be the system "by which business corporations ensure that they are managed ethically and in the best interests of the Company's shareholders." (CallowayGolf.com, 2011) Callaway Golf's Board of Directors is reported as having adopted and published a set of guidelines that serve to make the provision of "insight into its corporate governance practices…to its shareholders and others." (CallowayGolf.com, 2011)

CRS Wire released a press in March 2003 that states that Callaway Golf Company had announced the creation of "a comprehensive Corporate Governance section on its Company website. The website is an outgrowth of the 2002 directive from the Company's Board of Directors to undertake a review of all Company policies and practices to ensure their…. [read more]


CSR in Saudi Firms Corporate Literature Review

… Considering that the case study firms are typical examples of Chinese businesses, our conclusion is that CSR engagement is low in all

of China. Zhang (2008)

For cultural and historical reasons, Chinese private businesses have been given low

status in all industrial sectors in China. Socialist China has traditionally been opposed

to Capitalism, which in practice is represented by private business. During the Great

Leap Forward and the Cultural Revolution, all individuals were required to work for the commune and the state: having a small private business was considered as pursuing capitalism, and hence was considered to be anti-socialist. With such a strong political position, many private businessmen were brutally purged, and many of their families suffered as well. So historically, Chinese governmental policies have…. [read more]


IT Governance Improvement Opportunities Essay

… Reflections

Security governance is a deep and complex subject of study relating to many different and important aspects in many facets of society. My perspective on this topic suggests that this topic is very detail-orientated and difficult to completely manage. There are many agencies to adhere to for those responsible for ensuring that companies are in compliance.

The importance of information and data has been presented to me in a new way where this multi-faceted object is treated nearly as important as profits. This is a concern. Information is a very malleable and plastic notion, that can be manipulated in many different ways. Information is important and supplies and fuels new ideas that are beneficial to society, but too much emphasis on its worth may…. [read more]


Integrated Corporate Communication Dissertation

… Integrated Corporate Communication and Corporate Communication

Reflective Analysis Report

Integrated Corporate Communication (ICC) and Corporate Communication (CC) are the major communications and business developments of recent time, could be described as a millennial approach to business. While both have their history in marketing, they are more than simply communications or marketing approaches, but describe a synergistic management approach, in which communication is paramount. The idea that all of a corporation's public interactions helped shape its brand and its reputation led to the development of CC, which required approaching every potential interaction as an advertising opportunity, and reinforcing the brand at each of those opportunities. When the internet exploded, and it was no longer feasible for corporations to keep their internal communications from becoming external communications,…. [read more]


Social Corporate Responsibility? Essay

… But does Friedman's example depict accurately the morally responsible executive? Is it capturing the crucial nature of morally responsible act in business? A counter-paradigm Friedman's example is applicable in the logic that it is definitely potential for a commercial executive to try to apply social responsibility with no guidance or contribution of the other business stakeholders. Friedman is also correct in exemplifying such behavior as unfair and as prone to result in the pulling out of the support of the other stakeholders. Yet he insists that the socially responsible manager have to perform it solely and have to act in resistance to the happiness of the other stakeholders: What is the meaning of saying that the corporate manager is having a "social responsibility" in his…. [read more]


Lifting the Corporate Veil Limited Liability Essay

… Lifting the Corporate Veil

Limited liability and separate personality

The principles using Salomon v Salomon .Co

Exceptions about Lifting the in Different Countries

Lifting the Veil in UK

The Element of Lifting Corporate Veil

Some doctrines about Corporate Veil

Agency

Fraud

Parent - Subsidiaries Companies

Why the Courts have been Reluctant?

Reasons

Advantages for Lifting the Veil

Protection for Creditors

Responsibility for Debts

Fair for Other Members in Company.

163.3 Disadvantages for Lifting the Veil

Can not distinguish the separate legal personality of company and shareholder ' liability for company

Some illegal acts for Personal profits to injure the interests of the company

Conclusion

Bibliography

Lifting the Corporate Veil

Introduction

Corporate veil lifting depicts a lawful judgment or right to treatment as a right or…. [read more]


Corporate Social Responsibilities Term Paper

… ¶ … responsibility of companies has historically been defined in purely economic terms. For example, Friedman (1990) considered maximization of shareholder wealth as being the sole objective and responsibility of a well-managed company. This perspective, though, generally viewed corporate social responsibility activities as a distraction rather than a goal. From this perspective, any expenditures of resources in the interests of social responsibility was at the expense of shareholders, and the interests of shareholders and other stakeholders were defined implicitly as conflicting and mutually exclusive. Today, though, stakeholder theory maintains that stakeholders should be considered as an important component in a company's overall business plan. By sharp contrast, neoclassical economic theory treats companies as unitary actors that seek to maximize their profits. The stakeholder approach to…. [read more]


Role of Private Investment on Economic Development in Iraq Literature Review

… Role of Private Investment on Economic Development in Iraq

Private investment in developing countries

An overview on early Empirical studies

In 1980s, the developing countries encountered some increment in their development behaviours with debt crisis, which affected the formation of capital. Concurrently, the affected countries were transforming from the post-era to a structural reform efforts. In mid 1980s, the developing countries adopted the reform programs within the new paradigms (Serven&Salimano, 1993) & (Jaspersen, Aylward&Sumlinski, 1970). Consequently, this led to the formation of environmental private sector that highly relied on the existing market. The formation and implementation of the new policies affected the availability of response to the private investments. The debt crisis lowered the private investments within the developing countries and this disheartened them. The…. [read more]


Healthcare Like Many Countries Essay

… According to a published report on the policies that govern performance reviews,

"The Level 2 process involves the VMO completing a Level 1 performance review form and forwarding it to the nominated person in accordance with the process set out above. The public organization must then nominate at least two reviewers to undertake the Level 2 review. They should include the supervisor/manager of the VMO (usually the relevant Head of Department or Divisional Director unless that position is held by the VMO being reviewed) and, as appropriate, the relevant hospital Director of Medical Services, Divisional Director, or a medical administrator. A VMO who has objections to the reviewers who have been appointed may put a request to the relevant Chief Executive that the persons appointed…. [read more]


Risk Management in Banks: Reference to Indian Article Review

… Risk Management in Banks: Reference to Indian Banks Industry

"The Indian Financial System is tasting success of a decade of financial sector reforms. The economy is surging and has gathered the critical mass to convert it into a force to reckon with. The regulatory framework in India has sparked growth and key structural reforms have improved the asset quality and profitability of banks" (Agarwal & Sirohy, 2010).

The fact of the matter is this: the global market is fast integrating into a single stage for all markets though the spread if internet banking, a global banking system a highly likely possibility (Agarwal & Sirohy, 2010). In fact, internet banking is at the forefront of the global banking system, widening its expanse and possibly making it…. [read more]


International Financial Markets and Institutions Essay

… International Financial Markets and Institutions

During the past decades, a trend of increased volume and mobility of capital flows has been observed in the global financial markets. According to a rough estimate, global GNPs annual value is now less than financial transactions' volume in all the financial markets of the world. Increase in financial mobility can be attributed as a result as well as cause of the increased financial integration of the economy of the world. Increased financial integration also plays a vital role in creating an impact on the domestic financial markets. Some powerful economies' governments held negotiations among themselves so as to focus on the policy stances of each other with regard to interest rate, monetary and the exchange rate.

In earlier years,…. [read more]


Stock Analysis FedEx Corporation (FDX) Essay

… pdf. The Research section highlights the various analysts' estimates for FedEx with respect to its earnings, profit, EPS and other similar metrics.

The Financials section provides the three main financial statements -- income statement, balance sheet and statement of cash flows -- for the past three years. Quarterly data can also be accessed.

2. The accounting data provided is essential to understanding the value of the company. It provides insight into the revenue and cost structure of the company and the nature of its assets and liabilities. With this information, we can get a sense of how the company is performing and how it has historically performed. We can identify weaknesses and strengths that will help us estimate the likelihood that past cash flows can…. [read more]


External Auditing Essay

… External Auditing

The role of external auditing on corporate governance corporations has increased dramatically over the past ten years. At the outset of the 21st century, auditing was still a somewhat minor consideration, something that was required but did not add significant value to the firm. The role of the auditor in corporate governance was never direct, but rather the auditor served as a check in the system (Broadly, 2006). However, the wave of corporate scandals in the early part of this decade illustrated the importance of strict auditing principles. The Enron scandal perhaps highlighted the importance of the auditor's role best. While senior managers were engaging in illegal activities, auditor Arthur Andersen turned a blind eye, because the company stood to gain from lucrative…. [read more]


IT Governance R. Peterson Essay

… He explains that most organizations cannot look at just a centralized view or a decentralized view any longer. Most organizations need a combination of both, he calls a federal view. Peterson claims the federal IT governance challenges managers to surrender control of certain business specific IT domains for the well-being of the enterprise as a whole and to develop business to corporate and business to IT partnerships.

Peterson's view coincides with Robinson's article, "The Many Faces of IT Governance: Crafting an IT Governance Architecture" (Robinson, 2007). Robinson claims IT Governance permeates the organization at all levels of management and across all functional boundaries encompassing the decision framework, rights, responsibilities, and accountability to ensure the desired responsibility. Peterson and Robinson, both claim IT is made up…. [read more]


Realistic, Hypothetical Legal Scenarios (Business Research Paper

… During the early 2000s, a break out of scandals took place at significant U.S. businesses, such as Enron, Tyco, Merrill Lynch, WorldCom, and others. Administrators in a few of these businesses evidently broke what the law states and defrauded shareholders. In other instances, executives utilized legal loopholes in order to move huge amounts in corporate cash for their very own usage. At WorldCom, for instance, ex-CEO Bernie Ebbers utilized his status to position six of his close friends on WorldCom's 13-member panel of directors. Clearly all six of these individuals voted in support of Ebbers's suggestions in the board. Consequently, Ebbers obtained massive stock choices along with a personalized loan of more than $150 million from WorldCom. In exchange, his friends had been nicely compensated…. [read more]


Target Geelong Staff Layoffs Case Study

… The theorists also may exploit the case to state that Target did not act as a socially responsible citizen and many normative values of stakeholder theory or utilitarian theories were disregarded. However, it should also be considered that the management of a firm, as in case of Target stores, has to protect the interests of most number of stakeholders of a company. Their decisions should further the interests of majority and not the minority. Minority's rights shall be protected in case stakeholder theory of corporate governance, but not at the cost of majority stakeholders. On the other hand, this also does not mean to further the notion of 'tyranny of majority'. To protect the principle of rights of individuals, the management has to provide reasonable…. [read more]


Computer Security People, Process Capstone Project

… It also emphasizes that country law should have strict policies for the confidentiality of organizations' data. These principles also include procedures as well as technological requirements to deal with the entities' security needs.

First principle speaks about the security organization and infrastructure. It also defines responsibilities with respect to executive protection, while, the second principle necessitate that the policies and the standards given by management should be developed and executed. The security related controls that are developed in an organization should not be made in isolation rather it should be linked with the ongoing activities of the organization, thus incorporating the risks faced by organization. The third principle continues on with the risk assessment procedures that should be performed across all the stages of application,…. [read more]


Large Organizations, the Existence Essay

… It has been the case in many entities that thigh the internal auditors are effective in their work but sometimes they fail to meet their responsibilities only due to the fact that the management of the organization attaches very low importance to such auditors. This hampers their performance on a very large scale (Jonson 2007).

Sometimes management is also reluctant to provide data to internal auditors because it does not trust the auditors completely. Business confidential documents such as minutes of the meeting of board of directors are not provided to the internal auditors on the fear that such data will be leaked to the general public. Therefore, winning the confidence of management is an important aspect in an effective internal audit function.

The work…. [read more]

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