...DUE DILIGENCE MEMORANDUM TO: JJJ Company FROM: Riordan Manufacturing DATE: September5, 2012 RE: JJJ Company to complete the Due Diligence to complete by- Setember5, 2012- For any transaction takes place. As a result to the investigation of the proposed acquisition, Riordan Manufacturing needs more information from the company to make a firm decision on behalf of the company. Please provide us with the information stated below. Please note this memorandum is designed so you can indicate your response on the form, in substantial time frame. Accordingly, please check all appropriate boxes to the right that apply to you as indicated in the request make sure to indicate whether the boxes is applicable or not applicable and relevant documents or explanation is enclosed. To make sure your response item satisfies the responses request in other items, please so states. Unless something else different is stated, please enclose all requested information for your company and all of its subsidiaries. Make sure that all documents are completed and sign on the last page as indicated in the request and return a copy with the memorandum to Riordan Manufacturing, along with the applicable documents. When sending the documents to the company makes sure to retain a copy to help facilitate the preparation of the schedules to the definitive purchase agreement. All information that is provided will be treated...
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...DUE DILIGENCE MEMORANDUM TO: JJJ Company FROM: Riordan Manufacturing DATE: September5, 2012 RE: JJJ Company to complete the Due Diligence to complete by- Setember5, 2012- For any transaction takes place. As a result to the investigation of the proposed acquisition, Riordan Manufacturing needs more information from the company to make a firm decision on behalf of the company. Please provide us with the information stated below. Please note this memorandum is designed so you can indicate your response on the form, in substantial time frame. Accordingly, please check all appropriate boxes to the right that apply to you as indicated in the request make sure to indicate whether the boxes is applicable or not applicable and relevant documents or explanation is enclosed. To make sure your response item satisfies the responses request in other items, please so stated. Unless something else different is stated, please enclose all requested information for your company and all of its subsidiaries. Make sure that all documents are completed and sign on the last page as indicated in the request and return a copy with the memorandum to Riordan Manufacturing, along with the applicable documents. When sending the documents to the company makes sure to retain a copy to help facilitate the preparation of the schedules to the definitive purchase agreement. All information that is provided will be treated...
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...Team Dynamics & Ethics If there is one thing I learned from my forbidden Island game experience with my teammates, it is what Phil Jackson said, ‘the strength of the team is each individual member. The strength of each member is the team.’ Our team dynamics during the game attests to the truth of that statement. Our team was simultaneously weakened, and strengthened by this principle. Group Formation In the first round of the game, although we had read the rules of the game, we were all unsure of how to execute the instructions, so the member who had previous exposure to the game, emerged as the natural leader of the group. During this team forming stage, members were mostly subdued, and compliant, as we were all trying to establish what the rules of engagement were. Although we had worked together as a team before, group norms had not yet been established. During this round, we established some norms and values such as deciding how much we would stick to the game rules. It was determined that we would follow the rules of the game even if it meant that we lost the game. We adhered to these values for all consecutive plays, even when it meant that we were the worst performing team in the class by losing all 3 games. Roles and responsibilities within the team were also cemented as people’s strengths and weaknesses became more apparent. 2nd Round In the second round, when people had to play for points, people’s motivators became really evident. We had one...
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...Unit 1 - Ethics, Morality and Legalities: Questions and Answers By Mark Cain AIU Online June 6, 2010 Unit 1 - Ethics, Morality and Legalities: Questions and Answers 1. What is the difference between lobbying and bribery? To understand the difference of lobbying and bribery, I need to know what they are first. Bribery is giving money or something of value to influence the conduct of someone in a position of trust, usually a public official (Rodriguez, n.d.). Lobbying is the act of attempting to influence the mindset of public officials, politicians, or legislators to serve a particular cause (Rodriguez, n.d.). In definition, they sound like the same thing. Lobbying is most often used to influence the laws that are made. Lobbyists usually approach legislators with some convincing argument that supports why they think a law should be changed. This is perfectly legal. However when money or special favors is involved, lobbying becomes bribery. Lobbying sounds ok, but is it? “Bribery gets all the bad press, but lobbying is the real danger, because it affects everybody--whether they want it to or not (Maiello, 2009).” 2. What argument could the SLOC members make that the payments made do not fit the definition of an illegal bribe (under the FCPA)? An illegal bribe is money or special favors granted to someone in a position of trust to make a decision in favor of the one offering it. This is murky water here. Are there arguments that support the claim that the...
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...Chapter 11 Ethical and Social Issues 11.1. Understanding Ethical and Social Issues related to Systems * Ethics: principles of right and wrong that individuals use to make choices to guide their behaviour. IS creates opportunities for intense social change, threatening existing distributions of power, money, rights and obligations. * Internet and digital firm techs make it easier to assemble, integrate and distribute info, unleashing new concerns about appropriate use of customer info, protection of personal privacy and protection of intellectual property * Other issues: establishing accountability, setting standards to safeguard system quality, and preserving values and institutions * 5 moral dimensions of the info age * Info rights and obligations individuals/firms possess in respect to themselves * Privacy – Claim of individuals to be left alone, free from surveillance/interference from other individuals, organizations, or the state; claim to be able to control info about yourself * Privacy in public spaces * Data storage & exchange * Laws & expectations in US Vs. EU & Australia * Protecting traditional intellectual property rights in digital society * Who is held accountable and liable for harm done to info and property rights * System quality: standards of data and system quality to protect individual rights * Quality of life: preservation of values in an info and knowledge based society * 4 technological trends of...
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...such issues is depend on their ethics Definition of ethics – individual’s moral beliefs and values about what is right and what is wrong, good or bad that guide his behavior. It is code of behavior that is acceptable to a person/organization to follow in a given society. It is a value judgment that may differ in importance and meaning between different individual. Ethics are based on individual beliefs and social standards; vary from person to person, from situation to situation and from culture to culture. Social standards of individual influence by; - The behavior af parents and other adults - Influenced by peers - Experience shapes our lives and contributed to aur ethical beliefs and our behavior How employees (managers) make a decisions is depends on their moral and belief. Business ethics is a term used to refer to ethical and unethical behaviors by employee of commercial organizations. Ethical behavior – behavior which is conforming to generally accepted social norms concerning beneficial and harmful actions. Ethical objectives – are targets based on a moral code(ethical code) for the business, for example ‘doing the right thing’. The growing acceptance of corporate social responsibility has led to businesses adopting an ‘ethical code’ to influence the way in which decisions are taken. Ethical code – a document detailing a company’s rules and guidelines on staff behavior that must be followed by all employees. Codes of ethics /policies/code of practice - A...
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...Leadership Style: What do People Do When They Are Leading? Betty Luxama BUS520 Leadership and Organizational Behavior December 5, 2004 Provide a brief (one (1) paragraph) background of the CEO. Ellen Kullman, was born Ellen Jamison, the younger daughter of Joseph and Margaret Jaimson. Ellen shares a mixed background. She is a third generation Irish-American whose mother’s family came from Nenagh, Tipperary. Kullman attended Tower Hill school in Wilmington, DE then studied mechanical engineering at Tufts University where she received her bachelor’s degree in 1978. In 1983 she received her master’s degree in Management from Kellogg school of management. Here is how she reached the top: as a Sales Rep at Westinghouse where she discovered her passion for business and as a Management Trainee at General Electric. She joined DuPont as a Marketing Manager in 1988 where she quickly moved up the corporate ladder and ultimately became the first female CEO of the 210 year old organization in January 1, 2009. Away from work, she married and had three children. Ms. Kullman travels the world to promote face to face relationships with her enormous corporate team but believes her own family is the most important. She is the 19th executive to lead the company founded in 1802. Prior to becoming CEO, Ms. Kullman was president of the company from Oct. 1 through Dec. 31, 2008. In 2012, she ranked number five in Fortune 500’s list of Most Powerful Women. Though DuPont is known for its...
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...partners based on trust, teamwork, honestly, and mutual respect. “Nike has a commitment to management practices that respect the rights of all employees, including the right to free association and collective bargaining, a commitment to minimizing their impact on the environment, providing a safe and healthy work place, and promoting the health and well-being of all employees.” This is Nike’s code of conduct; which is translated and posted in all major Nike workplaces across the world, which exemplifies the commitment to ethics and the Nike stakeholders ("Nike's Labor Practices." , ICMR. 2002). Nike views all of its stakeholders as important components to the success and sustainability of Nike Inc. According to the Stanford Research Institute in 1963, a stakeholder is a member of a group whose support is necessary for the firm to continue to exist. In other words, a stakeholder is any group that has a vested interest in operations of a firm. In Nike’s code of ethics, three stakeholders are mentioned. The stakeholders that are mentioned in the code of conduct are management, employees, and the environment. If it were not for those three components, Nike would not be able to continue to exist as a firm. Nike...
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...CHAPTER 4 CHAPTER OUTLINE What Is Managerial Ethics? Criteria for Ethical Decision Making Utilitarian Approach Individualism Approach Moral Rights Approach Justice Approach Factors Affecting Ethical Choices The Manager The Organization What Is Social Responsibility? Organizational Stakeholders The Ethic of Sustainability and the Natural Environment Evaluating Corporate Social Performance Economic Responsibilities Legal Responsibilities Ethical Responsibilities Discretionary Responsibilities Managing Company Ethics and Social Responsibility Ethical Individuals Ethical Leadership Organizational Structures and Systems Ethical Challenges in Turbulent Times Economic Performance Social Entrepreneurship Managerial Ethics and Corporate Social Responsibility LEARNING OBJECTIVES After studying this chapter, you should be able to do the following: 1 2 3 4 5 6 7 Define ethics and explain how ethical behavior relates to behavior governed by law and free choice. Explain the utilitarian, individualism, moral rights, and justice approaches for evaluating ethical behavior. Describe how individual and organizational factors shape ethical decision making. Define corporate social responsibility and how to evaluate it along economic, legal, ethical, and discretionary criteria. Describe four organizational approaches to environmental responsibility, and explain the philosophy of sustainability. Discuss how ethical organizations are created through ethical leadership and organizational...
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...C H A P T E R 5 Business Ethics and the Legal Environment of Business Learning Objectives After studying this chapter you should be able to: 1. Understand the relationship between ethics and the law and appreciate why it is important to behave ethically. 2. Differentiate between the claims of the different stakeholder groups affected by a company’s actions. 3. Identify the four main sources of business ethics, and describe four rules that can be used to help companies and their employees behave ethically. 4. Describe some methods companies can use to strengthen their ethical rules and positions. 5. Appreciate the important ways in which a nation’s business laws and regulations affect business commerce, occupations, and organizations. WHY IS THIS IMPORTANT ? A friend who is an A-student has offered to write your paper, which is worth 25% of your grade, for $50. You need the course to graduate because you only have a low C average. You hate writing, do it very poorly, and know others have had good results submitting this student’s papers as their own. Will you pay the money and submit the paper or submit your own paper and pray for a good result? This chapter will help you learn how to act ethically when facing dilemmas in your business and personal life. This is important because the decisions you make will affect your own future and those of stakeholders of the organizations that employ you. A Question of Business How Different Ethical Stances Can Help or Harm...
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...When a company makes a strategic decision it is important to evaluate the impact of the ethical consequences toward the company and the stakeholders. Often a company will make a strategic plan based on profit; however, social responsibility looks outside of profits and determines the effects on all stakeholders including customers, environment, and society. In addition, the strategic decision should also be based on the code of ethics set forth by the organization. Furthermore, when determining the development of a strategic plan, the organization may either use the views of Milton Friedman or Archie Carroll (Wheelen, 2010). Two Views of Social Responsibility Milton Friedman and Archie Carroll have two opposing opinions of social responsibility. Both opinions evaluate the effect a company invests in the environment or society to the effect of the shareholders dividends and investments. Milton Freidman suggests that the main view of the organization is to make money for the organization’s shareholders. Freidman views by investing in trivial projects that helps the environment and society, the company is taking away money owed to its shareholders. In addition, Freidman argues by not investing in society responsibility, the company can keep the prices on its products and services to a minimum which will result in more business transactions. Archie Carroll’s view is the opposite. Carroll suggests when an organization invests in society responsibility it will build a positive...
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...ETHICS IN INFORMATION TECHNOLOGY Third Edition This page intentionally left blank ETHICS IN INFORMATION TECHNOLOGY Third Edition George W. Reynolds Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States Ethics in Information Technology, Third Edition by George W. Reynolds VP/Editorial Director: Jack Calhoun Publisher: Joe Sabatino Senior Acquisitions Editor: Charles McCormick Jr. Senior Product Manager: Kate Hennessy Mason Development Editor: Mary Pat Shaffer Editorial Assistant: Nora Heink Marketing Manager: Bryant Chrzan Marketing Coordinator: Suellen Ruttkay Content Product Manager: Jennifer Feltri Senior Art Director: Stacy Jenkins Shirley Cover Designer: Itzhack Shelomi Cover Image: iStock Images Technology Project Manager: Chris Valentine Manufacturing Coordinator: Julio Esperas Copyeditor: Green Pen Quality Assurance Proofreader: Suzanne Huizenga Indexer: Alexandra Nickerson Composition: Pre-Press PMG © 2010 Course Technology, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission...
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...Case 1: The Fraud Continues July 17, 2011 Abstract Focusing on the internal control weaknesses that existed at MCI, which contributed to the commission of Walt Pavlo’s famous multi-million dollar fraud. Discussing the approach that should have been taken if fraud was suspected and applying one theory related to crime causation of this case. As well as critiquing the ethical behavior of Pavlo and MCI – discussing what actions could have been taken to prevent the crime. 1. Discuss the internal control weaknesses that existed at MCI that contributed to the commission of this fraud. When we listen to Pavlo and outside sources, like ethics professor Stephen Henn in his book “Business Ethics,” we hear of employees concealing bad debt in Pavlo’s department. It seems that “unethical decisions were commonplace” (Henn 2009). We see an upper management that, when notified of large amounts of bad debt, completely denied any problem. Pavlo states, “I sent a memo to senior staff telling them that we had about $180 million of bad debt…. and asking how we were going to address it…The response was that the bad debt budget…was going to remain at $15 million and that we would just have to work through whatever issues we had.” (Jacka 2004) An ‘Internal Auditor” article from 2004 goes on to report that in one account “a customer who owed MCI US $100 million was allowed to sign a promissory note, which turned the receivable into a short-term asset.” These examples are perhaps the most...
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...theoretical basis for explaining why legal compliance mechanisms are insufficient in 2 dealing with fraudulent practices and may not be addressing the real and fundamental issues that inspire ethical behavior. The focus of the virtues in governance is to establish a series of practical responses which depend on the consistent application of core values and principles as well as commitment to ethical business practice. In my opinion, No one makes it to the top ranks of corporate management without a healthy amount of self-assurance. Confidence underlies decisive, strong leadership, but does overconfidence lead managers to cross the line and commit fraud? . This paper focuses generally on academic business ethics, more particularly on the philosophically-informed part of business ethics, and most particularly on the constellation of philosophically-relevant questions that in form the main conversation and ongoing disagreement among academic business ethicists. Ethical Issues in Satyam Scam A Study...
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...Ethics in Journalism James Menephee Com/450 October 21, 2012 Professor Nicole Kragt - Ethics in Journalism In 1909, a fraternity at DePauw University called Sigma Delta Chi was formed for students that had extensive interests in the field of Journalism. Later this group became The Society of Professional Journalists (SBJ). Over time, especially with the growth of technology and expanding outlets of news, such as radio and television the SBJ felt that it was important to develop a code of ethics for journalists. Obviously this was enforceable by law, but it served as a guide of ethical behavior and almost all journalists and their organizations have adopted some or all of the guidelines. In addition to its preamble, the guidelines are made up of four distinct ethics responsibilities. The first ethical responsibility of journalism, according to the SPJ is to "search for the truth and report it." This speaks to the core of every journalist. This guideline goes on to specify methods and practical examples of how this is done. For example, while revealing the truth is the primary goal, that is not enough; the manner in which this information is obtained is just as important. It can't be obtained through illegal means, and if an "uncover method "is used, this can only be done if the this is the only way to reveal the truth. It also includes guides on how images are presented to the public. Like words, images should be used to present the truth, not distort it to manipulate...
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