...CEO Compensation Thoughts on the current state of executive compensation practices in the US: Current state of Executive compensation within the US differs from different compensation practices within the forms it takes, laws and regulation it's subject to, its dramatic rise over the past 3 decades and wide go criticism leveled against it. Within the past 3 decades in America government compensation or pay has up dramatically on the far side what is often explained by changes in firm size, performance, and trade classification. It’s the very best within the world in each absolute term and relative to median earnings within the America. It has been criticized not solely as excessive, however conjointly for "rewarding failure" as well as large drops available value. Observers dissent on what proportion of the increase in and nature of this compensation may be a natural result of competition for scarce business talent benefiting investor price, and the way abundant is that the work of manipulation and self-dealing by management unrelated to produce, demand, or reward for performance. While our government compensation attorneys perceive the elaborate, technical aspects of government compensation legal problems and governing laws, they tend to conjointly perceive market practices and trends. They tend to facilitate our purchasers establish and perceive the key legal risks in a very industrial context so they will build familiar business selections. They tend to closely monitor key...
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...CEO Compensation Thoughts on the current state of executive compensation practices in the US: Current state of Executive compensation within the US differs from different compensation practices within the forms it takes, laws and regulation it's subject to, its dramatic rise over the past 3 decades and wide go criticism leveled against it. Within the past 3 decades in America government compensation or pay has up dramatically on the far side what is often explained by changes in firm size, performance, and trade classification. It’s the very best within the world in each absolute term and relative to median earnings within the America. It has been criticized not solely as excessive, however conjointly for "rewarding failure" as well as large drops available value. Observers dissent on what proportion of the increase in and nature of this compensation may be a natural result of competition for scarce business talent benefiting investor price, and the way abundant is that the work of manipulation and self-dealing by management unrelated to produce, demand, or reward for performance. While our government compensation attorneys perceive the elaborate, technical aspects of government compensation legal problems and governing laws, they tend to conjointly perceive market practices and trends. They tend to facilitate our purchasers establish and perceive the key legal risks in a very industrial context so they will build familiar business selections. They tend to closely monitor key...
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...CRITICAL ESSAY: COMPENSATION EQUITY IN CHINA Hou Guangjian ABSTRACT In China presently, employees receive different compensation according to all kinds of ad hoc definitions of external equity, internal equity and individual equity. Consequently, employee attitudes toward work and social status are affected. If the government would provide people with access to better education, legal measures that guarantee fair competition, and training opportunities to people who have need, the Chinese people would have greater reason to believe that improved compensation equity will be realized in the future. INTRODUCTION Two years after the death of late chairman Mao Zedong, Deng Xiaoping launched century. During the past twenty-five years, the country has witnessed tremendous gains in economy and social wealth in general. Although, on the average, people are leading a much better life, the gap between rich and the poor is becoming larger. As a large developing country in a transition period from a planned economy to a market economy, China at present has to adopt a de facto policy of “letting a few people get rich first” to stimulate enthusiasm and initiative for the rest of the population. Thus, the usual egalitarianism -- what Chinese term the “Large Bowl” -- has been smashed. People working at similar jobs receive different compensation. Various ad hoc definitions of external equity, internal equity and individual equity influence compensation and, consequently, employee attitudes toward...
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...REPUBLIC OF KENYA MINISTRY OF LABOUR THE NATIONAL OCCUPATIONAL SAFETY AND HEALTH POLICY MAY 2012 FOREWORD A proactive and well-functioning policy on Occupational Safety and Health is important for improving the safety and health of workers, reducing cost of business and improving productivity. The Government has developed this National Occupational Safety and Health Policy to enhance the framework for implementation of occupational safety and health programmes for the country’s development. Implementation of the policy will contribute significantly to the achievement of the goals of the Economic, Social and Political pillars of the country’s development blueprint, the Kenya Vision 2030. The Kenya Vision 2030 aims to create a globally competitive and prosperous country with a high quality of life by the year 2030. For the country to achieve the aspirations of the Vision, there is need to improve the safety and health of workers. It is expected therefore, that implementation of this Policy will contribute significantly to the country’s competitiveness and development of the human resource, and hence the achievement of the aspirations of the Vision 2030. Kenya faces a major challenge of employment creation, especially for the youth. However, a significant portion of those in employment still face the challenge of unsafe and unhealthy workplaces. It is therefore important that the country not only focuses on creating jobs but also improves safety and health at workplaces...
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...and just compensation as it was intended to do when the policy was founded? Eminent domain is the inherent power of the government to take over a citizen's property for public use without the owner's consent. Initially, this public policy originated in the Middle Ages throughout the world. It became part of the British common law before reaching the United States where it was then illustrated in the US Constitution in 1791 (Britannica: eminent domain). The Fifth Amendment granted the federal government the right to exercise eminent domain, provided protection to individuals, and protected the property rights of citizens. Shortly after the due process clause of the Fourteenth Amendment made the federal guarantee of “just compensation” applicable to the states. The use of eminent domain power to promote economic development, particularly in urban centers of the United States, has become the focus of significant controversy in this present day. This is commonly done when the acquisition of property is needed for the completion of certain project. Projects intended for the public good such as highways, bridges, schools, and government buildings have been created from Eminent Domain. The policy pertains to every independent government. It requires very little constitutional recognition, and is considered an attribute of sovereignty. Under the US constitution, private property may be taken by eminent domain if the taking is for a public purpose and if just compensation is provided...
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...in the report: 1. A brief look at what a safety program is and what defines it as successful. 2. The construction industry’s impact on Alberta’s economy, including growth and current trends. 3. Cost impacts on various parts of a construction company, including morale, legal and direct costs and expenses. 4. Implications of not maintaining a program and how that can affect an organization financially. The research includes a variety of information, primarily from Alberta Industry Profiles and personal experience working for a Construction Safety Organization. My personal experiences are supported by publications on principles of construction safety. Thank you for the opportunity to examine the far-reaching impact of safety on the construction industry. Sincerely, TABLE OF CONTENTS INTRODUCTION 1 What is a Safety Program 1 Components of the Industry 1 The Industry in Alberta 2 BENEFITS OF A SUCCESSFUL SAFETY PROGRAM 2 Benefits on Employee Morale and Impact on Organization 2 Legal Benefits and Impact on Organization 3 Cost Benefits and Impact on Organization 3 Workers’ Compensation Benefits and Rebates 4 COST COMPARISON TO PROGRAM VS. NO PROGRAM 5 Legal Implications and Regulations 5 Long-term Impacts of Fines Levied Due to Safety Infractions 6 CONCLUSION/RECOMMENDATION 7 REFERENCES 8 INTRODUCTION Safety in the workplace is an ongoing concern; but what are the ultimate cost benefits of maintaining a successful safety program...
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...recoverable by the Crown in right of Saskatchewan from the persons responsible for the discharge. (3) Subject to subsections (4) and (5), any person, including the Crown in right of Saskatchewan or in right of Canada, has a right to compensation from: (a) the person responsible for a discharge for loss or damage incurred as a result of: (i) the discharge of a substance; (ii) neglect or default in the execution of a duty imposed pursuant to section 4; Under this legislation, s. 15 (2) advises that any person in Saskatchewan has a right to compensation from the person who is responsible for discharge if impacted. However with the plaintiffs’ current claim, it does not provide facts for each component of s. 15(1), and how each subsection relates to their damages. It mentions that the plaintiff is required to clearly plead the facts. This means that Skyway must provide clarification to support the cause of action. The case also outlines CCRL’s argument, which debates the claim is not associated with the environment or human health, a requirement under EMPA, which therefore has no standing with the court. Overall the decision was made that the plaintiff is required to amend their statement of claim to determine if the case is arguable for compensation under...
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...Employment Regulations Carl Newell ACC543 June 26, 2011 Tom Benscoter Employment Regulations The relationship between employer and employee is complex and involve numerous legal and ethical issues. It is imperative that employers be fully versed in the pertinent areas of employment law. The current issue is a prime example of this fact of life. Situation Review The company is involved in a legal dispute with a former contractor. The contractor was injured in route to a sales call in her personal vehicle and failed to attend the sales meeting. This resulted in the loss of the sale. Subsequently, the contractual relationship with the individual was terminated. The former contractor has sued the company alleging wrongful termination. Independent Contractor In Section 2 of the Restatement (Second) of Agency an independent contractor is defined as “a person who contracts with another to do something for him who is not controlled by the other nor subject to the other’s right to control with respect to his physical conduct in the performance of the undertaking.” (Cheeseman, 2007, p. 471). Labeling someone and independent contractor does not in make them one in fact. The degree of control the principal has over the agent determines the independent contractor status. In this case the salient issue is that the principal set the work hours and assignments for Beth. This indicates a high level of control and in general the courts have concluded that this is not an independent...
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...Fair Compensation Research Team A Patricia Hailey, Cynthia Whitelow, Jim Loncar RES/351 March 22, 2014 Darron Williams Introduction and Problem Statement ABC Company is currently involved in litigation involving a current female employee’s complaint that the company unfairly administers its wage and salary policies between male and female employees performing the same job. The goal of the research is to determine if ABC Company policies are current, ethical, fair, legal, and administered properly throughout the organization. Our hypothesis is that the wage and salary policies of ABC Company are administered ethically and legally across all units of the company. Is there pay equity and discrimination among women and men in the workplace? Congress passed anti-discrimination legislation including the equal pay Act of 1963. Women are still struggling for equal pay in the workplace. According to the Labor Department data show that for 35 to 44 year olds, the earnings ratio of women and men rose from 58 percent in 1979 to 77 percent in 2006 (Labor Department 2006). After researching, the Institute for Women’s Policy Research 2014, states the change in wages for women equal pay is a slow process and it will take nearly fifty years for women to reach the pay as men. The Institute for Women Policy also express that women earn less than men in almost any occupation (Institute for Women’s Policy Research 2014). “A significant wage gap is still with us, and the gap constitutes...
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...in eight other locations in the world. The United States generates the highest sales in the market which is 70 percent for the company. Alumina Incorporated manufactures and package automotive components. Alumina Incorporated is in region 6 of the (EPA) Environmental Protection Agency. EPA enforces several priorities to help protect our environment from business and corporations by assuring the safety of chemicals usage, cleaning communities, protecting the waters, improving the air, climate change, environmental justice and building stronger tribal and state partnerships (United States Environmental Protection Agency, 2010, para. 1). The simulation states that Alumina Incorporated is in a situation that the company may perhaps have an issue with harming the environment because of allegation made by Kelly Bates. The allegations are Alumina Incorporated dishonored particular environmental discharge norms during an (EPA) Environmental protection Agency compliance evaluation five years earlier. Alumina was ordered to clean up the water plants and the Alumina promptly complied with (EPA) Environmental Protection Agency. A new report was generated and statement shows that Alumina Incorporated to be in compliance with (EPA) Environmental Protection Agency (University of Phoenix, 2008). Kelly Bates makes a claim that her ten year old daughter is suffering with leukemia due to the polluted water Kelly believes is from Alumina Incorporated. Kelly states Alumina has been in violation...
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...INDEX Contents Introductory Note Court: Definition Functions of Court Environment Court • Definition • Constitution: • Purpose Power and functions of the Environment Court Practical Scenario of the Environment Court Legal loopholes and deficiencies of the Environment Court Act, 2000 Environment related court in other countries of Indian subcontinent: A comparative study • India: The National Environment Tribunal • Pakistan: The Environment Tribunal • Comparative study Recommendations Conclusion Introductory Note Environmental Law is a source and foundation of orderly response to Global and National environmental problems. International Environmental Law is the principal means by which community of nations builds and expresses international consensus on environment and development challenges. National Environmental Law is the most effective instrument for translating environment and development policies into action. Judiciary is a key mechanism for ensuring legal effectiveness of environmental law. A judiciary well informed of the rapidly expanding environmental law, can play a critical role: in interpretation, development and enforcement of environmental law, enforcing environmental rights, public access to judicial procedures, exchange of judgments, sharing information on environmental law, policy and environmental jurisprudence. The purpose of this assignment is to focus on the function of the Environment Courts of Bangladesh established...
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...Executive Pay Strategic Issues and Problems: As a result of the current economic crises, many companies are experiencing massive financial losses. These companies are reducing salaries and cutting peoples’ jobs while executives are maintaining high compensations. Using tax payer’s money, the US Government is assisting these financially struggling companies through the Troubled Asset Relief Program (TARP). TARP was created to assist these companies to ultimately allow them to survive and prevent massive job loss. Tax payers are concerned about executives receiving a high and unjust compensation in comparison to other non-executives whom are suffering from layoffs and compensation cuts. Executive compensation is controlled by the companies’ boards that in turn work under the Chief Executives. The US Government is intervening by proposing plans to regulate the compensation of executives in these financially stressed companies. Evaluation and Analysis: Compensation of executives is not regulated or monitored effectively. Executives have the ability to use deceptive and manipulative practices to achieve higher unjust compensations. Boards justify the high compensations as rewarding performance, which is contradicting considering the financial status of these companies. People are becoming outraged as many are losing their jobs and are receiving salary reductions while executives are still making millions. The US government is imposing executive compensation regulations to assist...
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...Legal Risk & Opportunity in Employment Joe Kroeger Business Law 531 January 10, 2011 Marlene Wilhite Legal Risk & Opportunity in Employment The following assessment will discuss legal risks and opportunities in employment law when discussing three different scenarios at WireTech. I will discuss what WireTech’s liability is and what legal principles are relevant to the situation. In Legal Encounter 1, Clark was discharged after three months without any indication of unsatisfactory performance. WireTech’s liability is that they discharged Clark verbally and not in writing. Upon Clark accepting employment it stated that the employee would be notified of unsatisfactory job performance and placed on a corrective probationary period. If the employee’s performance did not improve within the specified time period, discharge would happen. In this encounter, Clark voiced his opinion in a school board meeting that was apparently unpopular. Clark felt that this contributed to his termination. Although Clark signed that he understood that the company observed employment at will regarding termination, I believe that his opinion at the board meeting is the reason that he was terminated. To me, this was an intentional termination due to discrimination. He was discriminated against due to his position at the school board meeting. “In a case involving intentional discrimination, the aggrieved party can recover compensatory damages. A court can award punitive damages against an employer...
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...Addressing International and Ethical Issues Stimulation Summary Michelle Straughter LAW/421 November 18, 2012 Corey Foster Companies should be aware of possible pitfalls of the international business arena. Disagreements and disputes are common in international trade. Ethical issues are precisely complex when setting certain standards in international businesses. Different nations establish their standards by expanding countries. In this stimulation summary addressing international legal and ethical issues this discussion will explain how the issues resolve legal disputes and international transactions. Describing some particular considerations of taking legal action against foreign business based in another country. What factors that works against CadMex decisions to grant sublicensing agreements. When the local customs and laws conflict with customs, laws conflict with customs, and laws of an organization operating abroad, in which should be prevail. Compare the issues in the simulation to the domestic legal issues, and how the companies should resolve domestic and international issues differently. History of CadMex Pharma and Gentura CadMex Pharma is a pharmaceutical company based in Tampa, Florida. These products are produced in 127 countries across the world. The company researches in developing drugs and manufacturing techniques. Gentura is a biotechnology company based in Candore, in which a small developing country on a high on high-growth curve. The company has evolved...
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...Dental 4. Vision 5. Temporary disability (accident and sickness) 6. Long-term disability 7. Code Section 125 (premium conversion, FSAs, cafeteria plans) 8. Dependent care (either through a facility or by reimbursement) 9. Supplemental unemployment 10. Prepaid legal 11. Severance pay 12. Apprenticeships and training 13. Scholarship (funded) 14. Death benefits other than life insurance 15. Educational assistance programs 16. Group legal services plan In addition to common benefits like vacation pay, holiday pay or overtime premium pay. I work in the public sector so comparing the public sector-versus-private sector taking into consideration the compensation cost of lifetime compensation public-versus-private sector pay and benefits. When total compensation is based on years worked the divide between the public and private sectors increases significantly. While preretirement compensation levels were comparable between the two sectors the retirement benefits of public sector employees are far greater than their private sector counterparts. These postemployment benefits earned over a lifetime led to the higher total compensation for the public employee. Part of the reason total lifetime compensation is more for the public employees (both with and without social security benefits) when compared with their private sector counterparts is twofold: Public employees are able to retire on average 5 years earlier than their private sector counterparts; and there were...
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