...Name of student: Bui Huy Hoang Student’s number: Class: Lecture: DBS bank is a leading financial services group in Asia, with over 200 branches across 15 markets. DBS was established in 1968 as the development bank of Singapore. It was the catalyst to Singapore’s economic development during the nation’s early years of independence. Since then, DBS has transformed into a successful financial services institution, offering a comprehensive range of innovative products and solutions to meet its clients’ needs. With operations in 15 markets, the bank has a regional network spanning more than 200 branches and over 1,100 ATMs across 50 cities. DBS’ primary operations are in Singapore and Hong Kong, two of Asia’s best regulated markets, which contributed 64% and 22% net profit in 2010 respectively, and DBS is a leading consumer bank in Singapore and Hong Kong, serving over 4 million and 1 million retail customers respectively. The bank has also been a key partner in spearheading and financing the growth of Singapore’s small and medium- sized enterprises (SMEs). In Hong Kong, DBS is a leading player in the SME baking Space, with leading market shares in equipment and trade finance. Now DBS’ network is extended on many countries like India, China, Vietnam, Indonesia, etc…that means the bank can create a lot of profits. The first one of four environment factors that effects the business of DBS is changing the world output and world trade picture. First, the United States no...
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...Doing Business is series of annual reports with their benchmark regulations affect small and medium size enterprises. The 2014 year report presents quantitative indicators on 11 areas of business regulations for 189 economies. It is a tool that allows economies to track progress over the time by comparing each other in respect of building blocks for business. The report further helps policy makers to reduce cost and complexity of government procedures. The report tracks and changes for regulations applying to small or medium companies in 10 areas of life cycle: starting business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, resolving insolvency, enforcing contracts and trading across borders. Because of this report, every year formalities require to setup business getting reduced. On comparing indicators, the year 2013 regulatory witnessed 300 fewer formalities compare to previous year 2012. Of all the indicators, the construction permits is one of regulatory reform where top improvers focused for year 2014. Property registration is another reform where top 7 out of 10 top improvers have implemented changes. 4 out of top 10 have implemented changes in electricity by reducing complexity and cost of getting connection. The report uses simple average approach for weighting component indicators and calculating rankings and distance to frontier (it is a measure that shows how far economy is from highest...
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...court: Everen Securities, Inc., (Everen) filed suit against defendants A.G. Edwards & Sons, Inc. (A.G.Edwards), Sidney Carlson and Loren Wright, alleging damages for breach of contract and misappropriation of trade secrets when Carlson and Wright resigned from Everen and began employment with A.G. Edwards. Everen's claims were subsequently arbitrated. The defendants appeal from the trial court's decision to confirm the arbitration award of $1,131,000 plus fees in favor of Everen. We hold that: (1) the arbitration panel did not exceed its authority in considering the issue of trade secret; (2) the evidence does not show that a member of the panel was prejudiced against A.G. Edwards; and (3) the panel did not commit gross errors of law or fact in awarding damages. Accordingly, we find no grounds for vacating the arbitrators' award. Carlson and Wright worked for Everen in its Galesburg office. Carlson was a senior vice-president for Everen and the Galesburg office manager. At early stages in their employment, both Carlson and Wright signed a training agreement through which they agreed not to solicit Everen customers for 30 days after leaving **315 ***454 Everen employment. Sometime in 1996, Carlson and Wright decided to resign...
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...A Code of Ethics DB Management Consultants is in business to serve non-profit clients with excellent management consulting skills and expertise that are essential for pursuing our client's goals. Our honesty and service is what we are all about and honest ethical behavior is our main priority. At DB Management Consultants we expect all of our employees, managers to behave ethically to company standards. If company ethical standards are violated than the employee can face disciplinary action and termination of his or her employment. The fulfillment of ethical rules and policy is a fundamental element to our Ethics Program- that pertains to DB Management Consultants; furthermore ensures compliance to rules and regulations within the company. Honesty and Service Integrating honesty and service means high morality; with customer satisfaction and good execution of work. Having a high morality shows proper care for people in our communities and socially responsible. Ethical Behavior DB Management Consultants employees and staff are expected to be honest and candid in their communications with their managers and with one another. When dealing with clients, government entities and the general public we need to act to the utmost level of personal integrity and promote in onto others. Employees must not be dishonest, deceiving or steal. All of DB Management Consultants employees must refrain from these illegal actions that can give our company a bad name. Quality Work and Customer...
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...Select one of the national-based cultural examples presented in Gannon and Pillai (2012) (understanding Global Culture) and analyse the extent to which the metaphor explains or describes the prevalent business culture in that country. The Russian Ballet Word Count: 2450 This essay is going to examine a chapter from the book “Understanding Global Cultures” of Gannon and Pillai (2012) – “The Russian Ballet” and for what extend it speaks the truth about the Russian business culture. As well, the essay is going to provide some extra information and will provide a clearer example of what is the Russian business culture like. Through the essay, I am going to provide different examples and case studies, which explains why do culture clashes matter. The world has become more globalised and connected through the internet. It made possible the formation of all kinds of communities of people with common interests, who are all around the world. Today, information is much more accessible and easily exchanged, as a result from today’s technology, as well as many people can afford to travel around the world. As a result, from this business practices have become more global and cross-cultural. Business must learn to market products in different countries and to deal with their different government restrictions. As a conclusion from the above in the future business ethics would become increasingly less adequate. (Shirin, 2011) Culture is day- to-...
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...Business Ethics and Corporate Strategy Ethical Issue Paper Travis G. Stoufer Business Ethics-BUS 323 Janet Evelyn-Dorsey January 29, 2010 Abstract A paper presented on the growing issues of business ethics and the decisions consumers and producers make when moral and ethical responsibilities are in question. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of strategies corporations take to limit legal responsibility in ethical matters that include; hiring of undocumented workers, strategies such as breach and pay, document retention, and rewriting policy on employees instead of treating them with dignity and respect. The paper discusses the viewpoint of ethical responsibilities with primary stakeholders in mind. The primary stakeholders for consideration in this paper would be employees, consumers, managers, and CEO’s. This paper argues corporate strategies such as breach and pay, document retention, and hiring of undocumented workers is unethical. Corporate strategies of this sort are unethical and consumers should align the purchases of goods and services with companies that participate in corporate social responsibility. BUSINESS ETHICS AND CORPORATE STRATEGY Table of Contents Abstract……………………………………………………………………………………ii Table of Contents…………………………………………………………………………iii Introduction…………………………………..…...……………………………………….1 Background……………….…………………...………………………………………...1-2 Analysis..……………………………..……..…………………………………………...
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...Title Page Title Page Introduction Medtronic is the organization that I have chosen for the topic of discussion. Medtronic was co-founded by Earl Bakken over forty years ago. With many people praising his products he wanted that to be company’s purpose. Many people regained their mobility, feel better, and ever felt that time was added to their lives. These comments lead to the company’s mission of: “…alleviate pain, restore health, and extend life. (Medtronic, 2010) This mission remains the focal point of every employee to this day. Mr. Bakken frequents the company yearly. Our business overview covers Spine & Biologics, Neuromodulation, CRDM, Diabetes, Cardiovascular, and Surgical Technologies. (Medtronic, 2010) I currently work in the Spine & Biologics division of the company within the Memphis Manufacturing division. The Spine business teams with world-renowned surgeons, researchers, and innovative partners to offer a broad range of state-of-the-art products and technologies. The Spine and Biologics division in FY2010 revenue accounted for $3.5 billion of the company’s $15.8 billion reported. (Medtronic, 2010) My current job title is Principal Quality Inspector. In my department, I am responsible for ensuring that our products are manufactured to the engineered drawing tolerances. Other assigned duties range from training new hires in the department to assisting anyone that’s in need under our umbrella. This would include personnel...
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...Regional Morning Pack DBS Group Research . Equity 01 October 2009 Spotlight On (SP) Hiap Seng: Undervalued oil and gas play (Initiate Coverage) BUY; S$0.69; HSE SP; Price Target: 12-Month S$0.90 • • • • Huge 40-60% discount to peers is unwarranted. Expect high dividends of 4.0-4.5 Scents per share. Margins improvement to support earnings growth. Initiate coverage with a BUY rating. 30% upside to our target price of S$0.90. Ideas & Updates REGIONAL US Fed: Two collision courses SINGAPORE Banking: Positive uptick in loans Hiap Seng (Initiate Coverage) – See Spotlight MALAYSIA Tanjong PLC: Attractive yield play BUY; RM15.00; TJN MK; Price Target: 12-month RM19.25 HONG KONG PUBLIC HOLIDAY THAILAND Charoen Pokphand Foods – See Spotlight (TB) Charoen Pokphand Foods: Earnings surge, costs remain low BUY; Bt7.95; CPF TB; Price Target: 12-Month Bt9.60 (Prev Bt7.50) • • • 3Q09F will beat record high 2Q09 earnings Promising outlook with firm product prices, low raw material costs, and improving margins Raised earnings, and TP to Bt9.60. Undemanding valuation, 21% upside, maintain BUY. Singapore Research Team – 6533 9688 research@dbsvickers.com www.dbsvickers.com “In Singapore, this research report or research analyses may only be distributed to Institutional Investors, Expert Investors or Accredited Investors as defined in the Securities and Futures Act, Chapter 289 of Singapore.” “Recipients of this report, received from DBS Vickers Research (Singapore) Pte Ltd (“DBSVR”)...
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...Both employer and employee contributions to the pension schemes are tax-deductible, even though the pension itself is taxable. (Redhead, 2008) Defined-benefit schemes, also known as final-salary schemes, are typically provided by employers for their employees. The schemes promise to pay a specified level of income at retirement. The income is worked out according to the number of years in the scheme and the final salary at retirement. The schemes would provide the accrual rate, typically 1/60th or 1/80th. (Callaghan, et al., 2012) For example, a person’s salary at retirement was £24,000 and he has worked for 40 years until retiring. In a 1/60th scheme, he would receive a pension of: 1/60×£24,000×40=£16,000 a year. Normally, if members of DB occupational pension schemes want to draw the pension, they need wait until the age of 60 or 65. Otherwise, there would entail a reduction of around 5% per year of early retirement. For instance, if the normal retirement age is 60, the retirement at 62 would lead to an actual reduction...
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...The Impact of Sarbanes-Oxley Act of 2002 on Accounting and Finance Departments Danika Grace Brown Lakeland College Kellett School of Business – BlendEd BA 772 Advanced Industrial Accounting II Instructor Mary Diederich March 10, 2015 Table of Contents Abstract 2 Overview of the Sarbanes-Oxley Act of 2002 3 About SOX 4 Reporting and Compliance 5 Risk Assessment and Control 6 Interview at Company X 7 Standards for Corporations and Officers 8 Auditing and Financial Reporting 9 Future Impact of SOX 10 Conclusion 11 References 13 Abstract Sarbanes-Oxley is the response from Congress in regards to the financial industry collapse that happened over a decade ago. Due to unethical reporting from corporations, Sarbanes-Oxley (SOX) is a United States federal law that set new or enhanced standards for all U.S. public company boards, management and public accounting firms. As a result of SOX, top management must individually certify the accuracy of financial information. In addition, penalties for fraudulent financial activity are much more severe. Furthermore, SOX increased the oversight role of boards of directors and the independence of the outside auditors who review the accuracy of corporate financial statements. This paper will look to provide an oversight of the law and how it pertains to the standards in Accounting and Finance departments nowadays. In addition, this paper will also touch on the ongoing costs and benefits of the now standard...
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...- |NAME OF STUDENT | | |REGISTRATION NO | | |UNIT TITLE |Unit 10: Financial Reporting | |ASSIGNMENT TITLE |Group Assignment | |ASSIGNMENT NO |2 of 2 | |NAME OF ASSESSOR |Nguyen Phuong Hoa | |SUBMISSION DEADLINE |June 18, 2010 | We hereby confirm that this assignment is our own work and not copied or plagiarized from any source. We have referenced the sources from which information is obtained by us for this assignment. |NAME OF THE STUDENT |REGISTRATION NUMBER |SIGNATURE | | Chu Trong Hiep | 4083 | | | Bui Tuan Minh | ...
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... However, still no gun control legislation has been passed (Vizzard, 2015). The second amendment states individuals have the right to bear arms (Sipf, 2015) protecting themselves from harm. The right to bear arms is a constitutional right; legally protecting oneself should be the right of every living person, and should not be taken away. The second amendment was set in a time very different from current days. There were no school shootings, no gang activity, and there were no movie theaters for a person to walk into and start shooting. The gun policy has not changed in decades, with that, does the second amendment still apply. In 1993, both the Brady Handgun Prevention Act (commonly termed the Brady Law) which had expired in 2004 and federal assault weapon restrictions laws were passed, since then little impact has been seen. (Vizzard, 2015) After a group of mass shootings happened around the United States, a few of the states have “placed additional restrictions on magazine capacities of semi-automatic firearms” (Vizzard, 2015) in attempt to hinder the ability to cause the inevitable carnage. Many unsuccessful bills have been through congress throughout the years. However, no significant new legislation has made it through, setting the stage for pro-gun organizations to increase (Vizzard, 2015) The feeling of fear and vulnerability having a gun pointed right at you, and not being able to...
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...Postgraduate ProgramSubject Outline Faculty of Business and Management http://my.uowdubai.ac.ae Subject Code: MGMT949 Subject Name: Management (6cp) Year: 2013 Section: 1 Performance Session: Spring No of Credit Points:6 Pre-requisite(s): NA Co-requisite(s): NA LECTURE INFORMATION Day: Time: Monday 18.00 – 21.00 Location: Block TBA Room TBA Lecturer’s Name: Building & Office No: E-mail Address: Consultation Days and Times: Subject Coordinator: DR. PAYYAZHI JAYASHREE Block 16 Office 21-4 payyazhijayashree@uowdubai.ac.ae SUNDAY : 3 TO 6PM , TUESDAY : 3 TO 6PM DR. PAYYAZHI JAYASHREE 1 SUBJECT DESCRIPTION This subject addresses performance management, which is defined as an ongoing communication process that involves both the performance manager and employee. Key aspects of this process are examined. Topics include: identifying and describing essential job functions and relating them to the mission and goals of the organization; developing performance standards; giving and receiving feedback about performance; writing and communicating constructive performance evaluations, and planning education and development activities to maintain and improve employee work performance. 2 LEARNING OUTCOMES On successful completion of this subject students will be able to : 1. Describe the key concepts and techniques of performance management. 2. Explain the development of performance management as an area of growing importance for managers and employees. 3. Critically...
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...Phase 2 DB Differences in Government Re-submission Debbie Miller CTU International Business Practices MGM355-1204B-03 Brandy Coleman November 28, 2012 Phase 2 DB Differences in Government There a numerous political systems across the world and while some of them may have some of the same parts associated with them they can be vastly different when it comes down to how it impacts the average human being within the country. Two countries that have similar aspects to their democracy but are vastly different are Germany and Uruguay. Germany is called a parliamentary democracy which means that the dominant party within the system picks their Chancellor. The Chancellor in this type of government can be changed more often that the fixed four year stint that the President of the United States is elected to and can be replaced often without an election. ("PD," 2012) The President within this system is selected separately from the Chancellor to a five year term and holds a very weak position. There are two houses called the federal council and the federal assembly. Germany is made up of sixteen states and each one has its own constitution, legislature and state government that have the ability to pass laws on everything except for concerns dealing with foreign affairs, defense of the nation and finance. These areas belong solely to Germany’s federal government. ("Germany Government," 2012) Prior to 1989 the country of Germany was divided into two and each separate country...
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...Corporate Social Responsibility (CSR) is often defined as a process company self-regulating themselves from doing activities that against the law and the ethical standard (Lange and Washburn 2012). CSR encourage the company that all the company’s activities provide positive impact to their customer, environment, communities, and also shareholders (Fassin 2012). The CSR process is important to Multinational Corporation (MNC). MNC is a corporation that they registered their company in more than one country and has been operate in more than one country. It can be also called as International Corporation (Bucheli and Kim 2012). The established of MNC helps both the host country and home country. For the host country, due to the operation of MNC, the investment level, employment level and income level increase. Other than that, the latest technology will be introduced in the host country by the MNC(Girma and Gorg 2007).. There are also chances to increase the business of those domestic trader and market intermediaries (Daniel, Sorinel and Sorin 2010). While for the home country, the country will get the chance to marketing their products throughout the world. Other than that, MNC also create employment opportunities to the people of home country (Brikinshaw, Hood and Johnson 1998). In the other hand, MNC also brings disadvantages to both host country and home country. Instead of introducing the latest technology in the host country, MNC may use the technology that has been outdated...
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