This is important, because it will serve as basic guideline, outlining what activities are most acceptable in the workplace. (Izraeli, 2010)
Oversight is when the corporation is ensuring effective supervision of employees and executives through: the different managers as well as the board of directors. This is important, because it is establishing a system of checks and balances inside the organization. (Izraeli, 2010) ("The Principals of Federal Prosecution of Business Organizations," n.d.)
The delegation of authority is when managers and the board are watchful of the actions of those individuals (who have increased amounts of influence). This is important, because it places special emphasis on monitoring those people, who are given extraordinary powers within the company.
Effective communication standards / procedures are when the corporation maintains and is building communication at all levels. This is accomplished by having various procedures in place, to ensure that the company is maintaining these high levels. (Izraeli, 2010)
Auditing / monitoring are when you are establishing various mechanisms that will ensure compliance (such as: an anonymous hotline). This is important, because the different tools that are in place, will report when such violations that are occurring. (Izraeli, 2010)
The enforcement of discipline is when you are ensuring that anyone who violates the policy will be held accountable for their actions (regardless of their status in the company). This is important because, it will make certain that everyone is following the various compliance procedures (by allowing no one to be above the basic...
Clearly, he companies engaged in this practice were operating with direct intention, and a roper governance system would have made this obvious and prevented it. Software Spying In another telecommunications case, a company was found to have included spyware in a company-sponsored "software upgrade" to users' cell phones, that enabled the company to collect confidential information from users' phones without their consent (Khaleej Times, 2009). Not only is this practice clearly
PENALTIES - CIVIL & CRIMINAL There are statutes that impose penalties both civil and criminal for government contractors who commit fraud, waste or abuse. Some of those statutes are as follows: False Claims Act; False Statements Act; Forfeiture Statute; Anti-Kickback Act Bribery and Gratuities statutes; Mail and Wire Fraud statutes; and the Public Integrity Act and recent legislative initiatives to strengthen criminal penalties for violations of conflict of interest laws. (Peckar & Abramson, 2007) The government has
Operating costs and future sales may be difficult to predict because there is no history to rely on since the business is not established. The single biggest disadvantage of starting a new business is the unknown. There are many rules, regulations, statutes and taxes that the owner may not be aware of at the time the business is opened. A new business owner may have a product that is
Corporations to be Ethical and Responsible Over the last several years, the issue of corporate ethics has been increasingly brought to the forefront. This is because there has been a transformation in how firms are interacting with various stakeholders. In most cases, there has been a shift in which parties will receive the greatest benefits from particular activities (i.e. The shareholders, board of directors, managers and analysts). This has increased
Pattern of inductive reasoning is as follows: Theory ?Tentative Hypothesis ?Pattern ?Observation. While inductive approach is concerned with the open-ended explanatory, deductive reasoning chooses a narrow perspective by testing or confirming the hypothesis. (Trochim, & Donnelly 2007). Typically, inductive reasoning chooses qualitative approach to test the hypothesis. However, the deductive approach employs quantitative method to test hypothesis before arriving at confirmation. In qualitative research, it is not necessary to
Protecting Customer Rights Compliance research paper Compliance Research Paper: protecting customer rights The most significant aspect of any business organization or venture is the data constituting its intelligence. Consequently, the procedure of planning the business venture and accessing required data and maintaining that data is a priority to any business or industry. A business cannot operate without customers, as the core aim of any business is to make remarkable profits. Customer satisfaction dictates
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now