...Potestad, Diane Mae S. Mgt210 2.35-4.05 CODE OF ETHICS LEGEND OIL AND GAS, LTD. CODE OF ETHICS OF DIRECTORS AND OFFICERS This Code of Ethics (this “Code”) shall apply to all directors and officers, or persons performing similar functions, (collectively, the “Covered Persons”) of Legend Oil and Gas, Ltd. (the “Company”). Covered Persons have an obligation to the Company, its investors and the investment community in general to maintain the highest standards of honest and ethical conduct. In recognition of this obligation, the Covered Persons have adopted the following standards of ethical conduct. Adherence to these standards is integral to achieving the objectives of the Company and its investors. None of the Covered Persons shall commit acts contrary to these standards nor shall they condone the commission of such acts by advisors, agents or others engaged by the Company. Covered Persons shall apply, as appropriate, this Code of Ethics to all of the Company’s employees, agents and representatives in the performance of services on behalf of the Company. GENERAL STANDARDS AND COMPLIANCE WITH LAWS The Covered Persons have a responsibility to: * Maintain high standards of honest and ethical conduct. * Act in good faith, responsibly and without misrepresenting material facts or allowing their independent judgment to be compromised. * Refrain from engaging in any activity that would prejudice their ability to carry out their duties ethically. * Refrain from engaging...
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...IMPACT OF ETHICS EDUCATION ON DISCIPLINARY ACTIONS; A COMPARISON BETWEEN TEXAS AND OHIO Executive Summary In 2005, Texas began requiring the completion of a Board approved, university-level ethics course prior to sitting for the CPA exam in Texas. In 2004, Ohio began requiring regular ethics CPE for the first time. This paper evaluates the changes in the number of disciplinary actions and the type of code violations in these two states after implementation of new ethics requirements. The results indicate that as a percentage of violations, Texas has seen a significant increase in felony convictions, while Ohio has seen significant increases in problems related to licensing, practice, and conduct unbecoming. These results provide support...
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...The American Cancer Society Ethics Codes Heather HCS435 – Ethics: Health Care and Social Responsibility April 5, 2010 Professor: Beryl Keegan The American Cancer Society Ethics Codes Every organization, whether it have employees or is based on volunteer work has a code of ethics that it requires its personnel to follow. The American Cancer Society is no different. The code of ethics clearly defines the goals and ethical principles of the organization, as well as how to protect an individual when reporting a co-worker who is performing in an unethical manner, also called the whistleblower protection policy. An outsider’s opinion on enhancing this code as well as ideas on how to make it better is also looked at, so that the code is always clear and maintains understandability. The definition of goals for the organization, within the code of ethics, is very important, as it lays out the groundwork for each society. The American Cancer Society code of ethics sets their goals early on in the code and states that their goal is to “provide evidence of the Society’s commitment to the lawful and ethical conduct of its business and to promote lawful and ethical behavior by its associates” (American Cancer Society, 2008). This particular code is asking each of its members to act honestly and fairly and to exercise the best judgment, care, and skill for the sole benefit of the society (ACS, 2008). In the long run, all this code is asking for is that each member of the...
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...Ethics and Compliance Businesses across the United States each have to deal with ethics and compliance within their organizations. The Monsanto Company was started for the farmers in the United States to help them conserve water when growing crops. This company as well as many others has to be in complete compliance with the Laws and regulations set by the United States Government. These are the laws and regulations, but they are not the ethics that a company will comply with. Ethics are in a different category than laws; although some may be the same there are many that are very different. Companies come up with a different set of ethics and regulations for their organization, and these are all regulated by the SEC. The Monsanto Company has different roles of ethics, procedures for ensuring the compliance of ethics, and compliance with the SEC regulations. In looking at the financial information from the past two years it is possible to determine ratios and the organization’s financial health. The Monsanto Company uses a strict Code of Ethics to ensure ethical behavior within their company. Some of their Code of Ethics state that every employee must act with honesty, and integrity while avoiding every types of conflict of interests. They must always provide the company with accurate and complete information about the company. The Monsanto Company employees must also adhere to state and federal laws and act in good faith. The employees are responsible...
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...clients. How we conduct ourselves influences how consumers feel about our products as well as how shareholders perceive us as an investment (The Coca-Cola Company (n.d.)). Because Awesome-o Software devloper hires numerous employees, each person with a very different social and professional background, our Ethics Program is designed to help you adhere to all legal requirements as well as supporting Awesome-o Software devlopers’ vision of being the market leader and is strictly enforced. The Ethics Program is divided into different sections and will: • Explain Awesome-o Software devloper Code of Ethics • Define the role and responsibilities of the Ethics Enforcement Officer • Provide an introduction to Awesome-o Software devloper Ethics Training Program • Explain the process of monitoring, auditing and reporting misconduct by Awesome-o Software devloper Employees • Define how we will evaluate the Ethics Program • Provide an avenue to improve the Ethics Program Awesome-o Software devloper Code of Ethics Each individual may come face-to-face with an ethical dilemma and he/she will have to make a decision on how to respond in the moment. The goal of our Code of Ethics is to give you the tools and training you deserve, so when that moment arrives you will conduct yourself in a manner which will protect you, and...
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...Of A Business Code Of Ethics YourFirstName YourLastName University title Introduction A chief executive officer cannot simply make the decision that is best for her without considering the interests of other employees, stockholders, customers, suppliers, creditors, and so forth. Integrity is the cornerstone of ethical business practices. Failure to build a business on integrity carries costs. For example, deceptive business practices may harm a company's standing in the community, decrease employee productivity, reduce customer loyalty, build resentment among employees, increase the likelihood of further unethical behavior by employees, and cause scrutiny by government agencies. Although the costs of some of these consequences are difficult to quantify, there is no doubt that they can be substantial. Evaluate chosen strategy King and Spalding is a legal firm that was founded in 1885, Atlanta. It has a total of 800 lawyers across the U.S, Europe, Asia and Middle East. Ethics Programs Companies frequently create ethics programs to establish and help maintain an ethical business environment. Some of the most common elements of ethics pro-grams at King & Spalding include written codes of ethics, employee hotlines and ethics call centers, ethics training, processes to register anonymous complaints about wrongdoing, and ethics offices. Ethics programs may include any combination of these elements. However, according to a recent survey, an ethics program with multiple...
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...As a founder in a management consulting firm that caters to non profits, the development of a Code of Ethics became an integral part of our company’s foundation. It is in the best interest of both “for profit” and “nonprofit” businesses to create a Code of Ethics. A Code of Ethics will establish guidelines to management, employees and stake holders. These “rules of conduct” implement organizational structure that will encourage management and employee to embrace loyalty and accountability. This in turn creates mutually beneficial good faith practices as it pertains to its stakeholders. While “nonprofit “companies often obtain their funds from government agencies, they are not without the usual considerations as it pertains to the bottom line. Both “for profit” and “non profit” organizations must balance the scales of fiscal and ethical responsibility. A crucial part of our firm’s success lies in our ability to balance those scales on behalf of our firm’s team and the non profits that we serve. A Code of Ethics for our consulting firm will require all of its associates and management to maintain the highest level of integrity when dealing with each other, security holders, customers and others whom the company conducts business with. The purpose of the code will: * Promote honest, fair and ethical conduct within personal and professional relationships. * Encourage associates to comply with government laws, rules, and regulations. * Allow for confidential...
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...Creating an Effective Code of Ethics for Widget Tech Inc. 11/23/2009 David G. Montague | Summary Widget Tech Inc. is in need of update the company’s current code of ethics due to growth of the company and the changing workforce. Research has been conducted to revise the current policy and address topics that were previously overlooked. Widget Tech Inc. is a company that stresses both corporate and personal integrity. We not only comply with laws and applicable regulations; but we also strive to conduct our affairs according to the highest ethical standards. Employees are expected to be honest and forthright in dealings with managers, subordinates and with one another, as well as with clients, suppliers, government agencies and their employees, business partners and the general public. Widget Tech employees must maintain the highest level of personal integrity and encourage it in others; they must not lie, cheat, steal or do anything that would bring dishonor upon themselves or the company (SRA International, Inc. 2009). Review of Widget Tech Inc. Code of Ethics Table of Contents Summary……………………………………………………………………………………..………..2 Introduction……………………………………………………………………………….………..…3 How to Create a Code of Ethics………………………………………………..……....…3 Components of a Code of Ethics……………………………………………….……………4 Conclusion………………………………………………………………………………………….....5 Recommendation……………………………………………………….…………….…………….5 Sources………………………………………………………….………………….…………………….6 Introduction ...
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...Running Head: ABC COMPANY CODE OF ETHICS 1 ABC Company Code of Ethics Brian P. Bennetti Western Governors University ABC COMPANY CODE OF ETHICS 2 ABC Company Code of Ethics Section I: Introduction ABC Company (the Company) strives to achieve the highest levels of integrity throughout all levels of its organization. This document will serve as a guide to the expectations set forth within. We must always act as professionals and treat our stakeholders with honor and respect. It is the expectation of the Company that the policies outlined in this document be followed without deviation. There are several values we must embrace as an organization to fully realize the values that set us apart from others in the industry. Section II will specify these values. Section II: Standard and Policies Standards: · Trustworthiness – All employees shall demonstrate a trustworthy attitude with regard to their everyday duties. ABC COMPANY CODE OF ETHICS 3 · Respect – All employees will treat any and all, fellow employees, clients, vendors, suppliers, and business partners with respect. Treat others as you would like to be treated. · Fairness - All employees will treat any and all, fellow employees, clients, vendors, suppliers...
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...Administrative Ethics: A Case Study Social media, such as Facebook and Twitter, have professional uses. However, there is increasing concern over misuse of social media. In The New York Times article “When Med Students Post Patient Pictures” Cohen (2011) describes a situation in which a medical student posts a comical picture of a patient with rebar in his abdomen. The student uploads the picture to Facebook with the caption “a 5-foot-9 Hispanic male walks into a bar” (para. 1). Additionally, the article states that battlefield humor is a common response by many medical professionals, but this does not diminish the doctor-patient privilege of confidentiality. Even though no identifiable patient information is on display, Cohen (2011) indicates that “the chances of that happening increase as the injuries depicted grow more grotesque and less commonplace” (para. 2). Although one can easily surmise the medical student’s actions are both illegal and unethical, his or her actions have further-reaching implications. Facts Legality Like Cohen, Hernandez (2011) agrees “the weirder and more specific the facts, the greater the chances are of identifying who’s involved” (para. 3), and the poster violates the AMA Code of Medical Ethics “which these future physicians ought to emulate” (para. 5). The American Medical Association (AMA) has many Opinions in its Code of Ethics in regard to the protection of patient privacy. However, there are three Opinions that exemplify the need...
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...and Free EssaysBrowse Essays Read full version essay Aca Ethics Aca Ethics Print version essay is available for you! You can search Free Term Papers and College Essay Examples written by students!. Join Essays24.com and get instant access to Aca Ethics and over 30,000 other Papers and Essays Category: Psychology Autor: anton 15 November 2010 Words: 1489 | Pages: 6 Running head: Ethics Paper ACA Code of Ethics and AACC Code of Ethics; what are the Similarities and Differences? Abstract The American Counseling Association Code of Ethics (ACA Code) and the American Association of Christian Counselors Code of Ethics (AACC Code) has many similarities as well as differences. Codes of ethics are designed to protect the client, counselor and the profession. This report will compare and contrast three separate areas within each of the two ethics codes. All areas of the ethics codes are important; however the three that have been chosen are of particular interest to the writer. Two of the areas that are addressed, confidentiality and sexual intimacies, come from duties to the client and the last area, reporting colleagues, comes from duties to the profession. ACA CODE OF ETHICS AND AACC CODE OF ETHICS, WHAT ARE THE SIMILARITIES AND DIFFERENCES? In the field of counseling, either secular counseling or Christian counseling ethics play a large and vital role. The ACA Code serves five main purposes. The five purposes are summed up...
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...John Rolph EST1: Ethical Situations in Business Task 2 Standards and Procedures 1.) Information Confidentiality: As an employee, you will be exposed to client-sensitive as well as company-sensitive information that is to be viewed only by those who have the authority or permission to do so. Such information to be considered “confidential” includes business contracts, financial information, internal correspondence, and any and all documentation (electronic or paper-based) that is not authorized to be disclosed to the public. Disclosure of sensitive information will lead to immediate termination and possible charges/fines (depending on the severity of the violation) as is legal under state and federal law. Employees should not take advantage of privileged information and share it with our competitors. By leaking confidential information you are threatening the well-being of the company as well as that of our clients. If left unsure of what information is considered confidential, please consult with your direct supervisor, HR Department, or Legal Team for further guidance. 2.) Proper Communication: Company X’s public communications are to be properly constructed and delivered in a clear, accurate and informative manner. All direct communications with the public should be factually correct and not misleading in any manner. Such public communications include, but are not limited to speeches, press releases, and quarterly earnings reports or other public financial sharing...
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...appropriate to have an ethics program in place before we start offering services. A company must have an effective ethics program to ensure that all employees understand its values and comply with the policies and codes of conduct that create its ethical culture (Ferrell, Ferrell & Fraedrich, 2008, p. 211). In order to develop an effective ethics program, it must contain certain items. It must first have a code of conduct to establish what is and is not acceptable behavior and to set a general corporate tone as to how employees are expected to conduct themselves. Second, it should have a high level corporate officer in charge of the program. This will also help demonstrate the importance of ethics to the corporation. Third, an effective and ongoing ethics training program is necessary to ensure all employees are aware of what is expected of them. Fourth, a system to monitor and enforce ethical standards must be in place in order to hold employees accountable for their actions and lastly, it must have a mechanism to modify and improve the program when deficiencies appear. When developing our code of conduct, we will use a values orientation instead of a compliance orientation. A compliance orientation approach sets a negative tone, as it sets regulations and rules and the punishment for violating them. A values approach is positive and inclusive and motivates people to willingly follow rules. This approach also has regulations and punishment for violations, but they are not...
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...Business Ethics Case Analysis: Apple Finds Human Rights Violation In Supply Chain. Using the 7-step model of Hartman & DesJardins, which helps examining the Impact of individual characteristics and organisational policies on ethical decisions. I will review an article written by the journalist Chilton Tippin on February 17, 2011, discussing the situation that many employees are experiencing, when working with organisations, where their moral rights are not met. According to the article, Surprisingly 8 months after the scandal suicides at Foxxcon’s Shenzhen factory in China, apple continues finding events where human rights are violated. For the first instance “Human rights violations”, would be the main ethical issue surrounding the case, “however”, I consider indispensable starting the research by firstly giving a clear definition on ethics and the importance of its application in business. Besides from identifying the problem of the case and knowing who is fighting against whom, an analysis of the stakeholders is going to be completed to understand what does the organisation mean for the stakeholder and vice versa. Next process would be weighing the options and finding the available alternative routes of action, while searching how they might affect the stakeholders, this with the use of ethical theories to support each of my arguments. Seek guidance would be the next process on the decision making model, which consist in identifying rules and norms setting initiatives on...
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...LAWS 310 - WEEK 7 ASSIGNMENT: YOU DECIDE Widget Tech Inc. Code of Ethics Professor: Sheila Hostetler LAWS 310 Devry University Review of Widget Tech Inc. Code of Ethics Table of Contents LAWS 310 - WEEK 7: YOU DECIDE Summary…………………………………………………………………..………..3 Introduction……………………….…………………………………….………..…3 How to Create a Code of Ethics………………………………………….....…....…4 Components of a Code of Ethics…………………………………… .……………4 Conclusion…………………………………………………..…………………….....6 Sources…………………………………………………...…….…………………….7 Summary Widget Tech Inc. is in need of update the company’s current code of ethics due to growth of the company and the changing workforce. Research has been conducted to revise the current LAWS 310 - WEEK 7: YOU DECIDE policy and address topics that were previously overlooked. Widget Tech Inc. is a company that stresses both corporate and personal integrity. We not only comply with laws and applicable regulations; but we also strive to conduct our affairs according to the highest ethical standards. Employees are expected to be honest and forthright in dealings with managers, subordinates and with one another, as well as with clients, suppliers, government agencies and their employees, business partners and the general public. Widget Tech employees must maintain the highest level of personal integrity and encourage it in others; they must not lie, cheat, steal or do anything that would bring dishonor upon themselves or the company...
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