...sub committees: A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. it shall resolve all business matters which are not reserved to the authority of the general meeting of shareholders or other executive bodies of the company. In particular, the board shall have the following duties: 1. governing the organization by establishing broad policies and objectives 2. selecting, appointing, supporting and reviewing the performance of the chief executive 3. ensuring the availability of adequate financial resources. 4. approving annual budgets 5. accounting to the stakeholders for the organization’s performance 6. setting the salaries and compensation of company management. Sub committees Nomination and remuneration committees Nomination committees review and consider the structure and balance of the board and make recommendations regarding appointments, retirements and terms of office. The remuneration committee’s role is to ensure that remuneration arrangements support the strategic aims of the business and enable the recruitment, motivation and retention of senior executives while complying with the requirements of regulatory and governance bodies, satisfying the expectations of shareholders and remaining consistent with the expectations of the wider employee population. It will assume responsibilities to equitably, consistently and responsibly reward executives having regard to the performance...
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...Case Study 2 – Internal Control ACCT504: Accounting and Finance: Managerial Use and Analysis If LJB Company is serious about going public then you all need to make sure you are folling the new internal conrol provisions of Sarbanes-Oxley Act that SEC implemented. This says that management needs to report on internal conrol over financial reporting and certifiaction of disclosure in Exchange Act periodic reports. Under the finacl rules, management annual internal control report will have to contain a statement of management’s responsibility for establishing and maintaining adequate internal control over financial reporting for the company; a statement identifying the frameworkd used byt management to evaluate the effectiveness of this internal control; management’s assessment of the effectiveness of this internal control as of the end of the company’s fiscal year; and a statement that its autitor has issued an attestation report on mangement’s assesssment (U.S. Securities and Exchange Commission). Implementing five primary componants of internal control would help meet these requirement; a control enviornment, risk assessment, control activities, information and communication and monitoring (Kimel pg 338). LJB is already doing a good job at having some physical controls in place by making sure the checks are kept in a safe over the weekend which keeps company funds safe and controls theft as well as by pr-numbering invoices so that documentation...
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...Halliburton Tiffany Ashley Management 350 October, 19 2010 Laurie Ryan Halliburton For years, Halliburton, better known as Big Red, has been a leader in the oil services industry, it provides engineering and production services for oil extraction and development. Established in 1921 as the first oil rigging and cement pouring company, the company was responsible for constructing monumental infrastructure products, developing cutting edge technologies, equipment, oil production and managing supplies for military operations. After parting from Kellogg, Brown & Root (KBR), it was no longer in the industry of providing military logistics. Halliburton contributes and functions in over 50,000 employees and operating in approximately 70 countries. The purpose of the planning function of management is to evaluate Halliburton by analyzing the impact the corporate social responsibility, legal issue, ethics and have had on the management planning of the corporation. Each function will be provided for each. This will analyze three main factors that influence contingency planning, strategic, tactical, and operational Halliburton’s management approach has allowed the company to remain in the for front of its production. This was well-known through Halliburton’s decisions in acquiring fresh subsidiaries. Halliburton planned for the increase in globalization by tapping into the world market that would be helpful for the corporation. As a business corporation, planning must...
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...Personal Responsiblity Personal Responsibility and Academic Success GEN/200 October 12, 2013 Kalene Parker Personal Responsibility and Academic Success To obtain academic success through personal responsibility individuals must take ownership of his or her goals. Prioritizing tasks, such as time management, identifying purpose and goal setting are essential in one’s path to success. Even though there may be outside influences that may change life’s course, personal responsibility is necessary for academic success because every choice made is one’s own responsibility and every individual can decide how to shape he or her future. Personal responsibility is the privilege to make his or her own choices and obligations in life. One would agree with famous author Stephen Covey’s explanation. “Look at the word responsibility - “response-ability” - the ability to choose your response. Highly proactive people recognize that responsibility. They do not blame circumstances, conditions, or conditioning for their behavior. Their behavior is a product of their own conscious choice, based on values, rather than a product of their conditions, based on feeling” (Covey, 1989. Pg81) Personal responsibility...
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...To ensure compliance to Dubai’s food safety standards, all operational staff would have to attend the respective Food Safety Programmes (FSP). It is important that the Management be in Dubai at least 3 months ahead of opening to process and await the FSP approval by the Dubai Municipality. Upon approval, management team would train the staff in the FSP, Formal Code of Conduct as well as the Standard Operating Procedures(SOP). Person-In-Charge(PIC) Program is mandatory for all food businesses operating under the jurisdiction of the Dubai Municipality (ICCADUBAI, 2005). The following table states the level Udders staff would require: The third Food Safety certification Udders requires to get is the Hazard Analysis and Critical Control Points (HACCP) system. 6.2 Licensing When applying for licenses, it would be helpful to engage a local liasion. This could either be a geocentric/polycentric manager or any other local personels. To avoid any errors and prevent any delays, the appointed liason should be familiar with processes and posess all necessary documentations when working with the municipality. 6.3 Positioning With the convergence of cultures, Udders should employ a multifaceted positioning strategy. Products should not only appeal to the Arabic people but also the South asians (which are the majority of the population), and also the various expatriates. Primaryily, Udders can introduce classic Middle Eastern flavours, some examples like caramel milk...
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...Personal Responsibilities Danyell Johnson GEN/200 09/15/2014 Jeremy NeVille Introduction In my opinion, personal responsibility is the main key in becoming successful. To achieve this you must hold yourself accountable for your own actions as well as decisions. John G. Rowland said, “I’m ashamed to be here today, and I accept full responsibility for my actions.” Mahony, Lender & Altimari. 2005). You need to take charge by practicing discipline as well as using time management skills. If you can incorporate these two things in daily life then you can easily incorporate them in becoming a successful college student. Personal Responsibility Finances play a major part in one’s life; I know it does for me. When I think about finances I think of bills and budgeting those bills. To budget my bills I use a calendar to help me keep track of which bill is due when. This has helped me so many times because I tend to stick my bills in a drawer and forget about them. If I write on my calendar all my bills then I can visually see what is needed to be paid next. Budgeting can be hard and I am still in the process of learning how to budget. It will take time and practice and I know that I will get the hang of it sooner or later. My family is also another major benefactor in my life. With going back to school I now have to manage my time between school and family. I have a three and a half year old son and he requires most of my time. He is not used...
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...A Research Paper on Wal-Mart Management, Leadership and Organizational Culture I. Differentiate Between Management and Leadership At Wal-Mart, management is a mixture of controls and standards with a certain degree of freedom for everyone to be able to test on new things and continue to innovate for improvement. The company has excellent controls and they make the company good. Management strategy is built on teams and the leaders go through the process of working with their team members. Leaders go with the group and after every major operation, they all sit down together to analyze the strengths and improve on the weaknesses of the endeavor. Sam Walton, founder of Wal-Mart, introduced some of the basic concepts of management which were popular with employees until the present. He offered stock options and store discounts to his employees. Walton believed that teams will always do better than individuals hence; he has always tried his best to make his employees happy since happy employees make happy customers and more sales. Another reason is that he believes that the employees would care about the company more when they are a part of it and their success is dependent on the company's success. At Wal-Mart, management encourages their employees to be open to talk and air out their concerns and problems. This is what they call the "open door policy" management style. "Leadership is an organizational role involving establishing a clear vision, communicating...
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...Alfred Kadushin model of supervision has influenced many great leaders to follow his approach to supervising others. Learning team B, will discuss the three different roles of the leadership model followed by the key elements of the supervisory process, challenges supervisor face as well as job factors that influence job design, hiring, training, and performance appraisal. Lastly, team B will discuss the most common challenges being supervised or supervising others. Identify the three roles of the leadership model—manager, mediator, and mentor. Managers, mediators, and mentors are roles people take on to try to help assist people. The role of a manger is taking on control of a certain unit, division, or business. Managers have many responsiblities in maintaining the business. The role of a mediator is kept neutral between the two parties in settling their disputes. A mediator will facilitate communication between disputants, and assist parties in reaching a mutually resolution of their dispute. Mentors try to maintain relationships to help provide resources the people needs. Manager, mediators, and mentors number one goal is to share their knowledge. Supervisory position: The supervisory process is a multi faceted process. According to Shulman(1993) there are five phases to the supervisory process; preliminary, beginning, work, transitions and endings. In the preliminary phase the supervisor should get in the right mindset before proceeding with the next phase. The beginning...
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...A Research Paper on Wal-Mart Management, Leadership and Organizational Culture I. Differentiate Between Management and Leadership At Wal-Mart, management is a mixture of controls and standards with a certain degree of freedom for everyone to be able to test on new things and continue to innovate for improvement. The company has excellent controls and they make the company good. Management strategy is built on teams and the leaders go through the process of working with their team members. Leaders go with the group and after every major operation, they all sit down together to analyze the strengths and improve on the weaknesses of the endeavor. Sam Walton, founder of Wal-Mart, introduced some of the basic concepts of management which were popular with employees until the present. He offered stock options and store discounts to his employees. Walton believed that teams will always do better than individuals hence; he has always tried his best to make his employees happy since happy employees make happy customers and more sales. Another reason is that he believes that the employees would care about the company more when they are a part of it and their success is dependent on the company's success. At Wal-Mart, management encourages their employees to be open to talk and air out their concerns and problems. This is what they call the "open door policy" management style. "Leadership is an organizational role involving establishing a clear vision, communicating...
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...Summary…………………….…………………………………..……………….….5-7 An Analysis of the Data Collected and an Identified Training Need………………..….…….. 7-8 The Training/Intervention Strategy to Address the Need………..…….…………………...….9-11 The Training Cost Quantified………………….……………………………………….…….11-13 The Training Evaluation…………………………………….………………………………..13-14 Conclusion………………………………………………….…………………………..….…….15 References…………………………………………………….……………………………….…16 Proposal Overview This proposal will address the scheduling of usher duties and responsibilities that are required. Service to the church is very important and it comes with responsibilities that are church oriented with service to the church community (Schoeder, 1997). The importance of usher membership and their responsiblities to the church has a definite substantial impact in meeting the needs of people and in keeping the church service running smoothly (Parrott, 2002). As a body, there are about 40 to 50 usher members who have different schedules to be available for working usher time periods. Of this group, 27 of them are very experienced, 15 are teenagers, and 8 are junior ushers. Some of them want to change their schedule usher hours to make their personal lives away from the church more manageable and convienent. Others want to change scheduled meeting times from every first Saturday of the month to either Wednesday night before bible study or on Sunday immediately after service. The main point seems to be what is the most convienent schedule change...
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...1 - Introduction The influence of top management team (TMT) on organizational behavior and outcomes is one of the most widely studied relationships in strategic management. Since Hambrick and Mason’s (1984) seminal article on organization’s “upper echelons”, organizations and strategy researchers have tried to establish a relationship between top management team demographic characteristics and firm outcomes. However, empirical results have been inconsistent. Certo, Lester, Dalton and Dalton (2006), after conducting a meta-analysis of several studies, found modest support for a direct relationship between TMT demographic indicators and firm performance, but indicated moderating influences. Hambrick (1994) provided the main argument against TMT research based on demographic characteristics. According to him, this line of inquiry pays “too little attention to the actual mechanisms that serve to convert group characteristics into organization outcomes” (p. 185). Recent research on strategic leadership, trying to overcome these mixed findings, has begun to change focus away form TMT characteristics and concentrate on the processes underlying TMT decision making (functioning) such as comprehensiveness, consensus, social integration, conflict and decision speed (Certo et al., 2006). Lubatkin et al. (2006) and Carmeli and Schaubroeck (2006) present good examples that, when processes were measured directly, they were a stronger predictor of organization outcomes and performance...
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...Managing Responsibility - What does this article tell us about quality and responsibility management and how we can integrate this into organizational processes? In terms of quality, the article tells us that, "companies cannot compete successfully without paying close attention to the quality of their products and services." With regards to responsibility management, it is said that, "Corporate responsibility is defined as the ways in which a company's operating practices (policies, processes, and procedures) affect its stakeholders, and the natural environment. Demands for enhanced corporate responsibility come from corporate critics, social investors, activists, and, increasingly customers who claim to assess corporate responsibility when making purchasing decisions. These demands go beyond product/service quality to focus on areas such as labor standards, environmental sustainability, financial and accounting reporting, procurement, supplier relations, environmental practices, and supply chain management." Quality and responsibility management can be integrated into organizational processes. by considering quality and responsibility before all else. For example, according to MIT, "activities like making a decision or approving an application are parts of many organizational processes." > http://ccs.mit.edu/21c/mgtsci/index.htm Therefore, before 'any' rules of order or decisions, organizations must first base or filter all actions through the lens of quality assurance...
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...Festus Efosa Efosa INTRODUCTION To run a successful business, the company has to maintain the quality of its products and services as well as the productivity of the business. At the same time, health and safety of its employees are also very essential. The way a company does things is dependent on its management system. Health and safety forms an integral part of any business and holds equal importance as production, marketing, and quality, etc. In fact, health and safety have an impact on these functions, so it should be managed along with these functions. Everyone has the responsibility for health and safety but individuals holding managerial and supervisory positions have additional responsibilities in regards to health and safety so that the company can show its duty to care for employees and the society as a whole. MANAGERS RESPONSIBLITIES FOR HEALTH AND SAFETY IN WORKPLACE Managers and employers handle the management of health and safety according to the law. It is the duty of managers to protect the health and safety of its employees as well as other people who are affected by the business. The Health and Safety at Work etc. Act 1974 (HASAWA), and the Management of Health and Safety at Work Regulation 1999 (MHSWR) lay down some of the main responsibilities and duties of persons at work. It emphasizes and places duties on employees to take precautions of their own health and safety and that of others who may be affected by their “acts or omission”. They should co-operate...
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...VOLKSWAGEN AG Inhaltsverzeichnis 1. Einleitung 3 2. Kurzporträt Unternehmen: 3 3. Nachhaltigkeitsverständnis 4 3.1. Schwerpunktsetzung 5 4. Institutionalisierung und Implementierung von Nachhaltigkeit 5 5. Ziele und Programm 6 6. Orientierung an staatlicher oder internationaler Nachhaltigkeitspolitik 7 7. Orientierung an nicht-staatlichen Initiativen 8 9.Stakeholdereinbindung ins Unternehmen 10 10.Innovation und Nachhaltigkeit 11 10.1 Innovationsstrategie 11 10.2 Nachhaltigkeitsinnovationen 12 11. Eigene Überlegungen und Empfehlungen 13 12. Conclusio 14 13. Literaturverzeichnis 15 1. Einleitung In Zeiten wo Ressourcen immer knapper werden und umweltpolitische Themen, wie Energiewende oder Klimawandel immer mehr an Bedeutung gewinnen erlangt auch der Begriff der Nachhaltigkeit eine nie da gewesene Stellung. Nachhaltigkeit umfasst mit seiner weiten Definition ökologische, ökonomische und soziale Aspekte und wird immer mehr zum Aushängeschild für Unternehmen. In ihren Berichten heben Unternehmen Leistungen, Ziele und strategische Veränderungen hervor um die Öffentlichkeit über ihre Bemühungen zu informieren. Eng mit der Nachhaltigkeit ist die Innovation verbunden. Diese ist oftmals der Schlüssel zum Erfolg um Nachhaltigkeitsziele zu erreichen. In folgender Arbeit wird der Global Player „ Volkswagen AG“...
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...of EWRM The corporate culture of EWRM Expensive or not for EWRM 3 Part B Background of Centro Identify risks in Centro Planning in the risk evaluation process Risk register of Centro Mitigation strategy and recommendations 4 Reference 5 Appendix Exective summary In the modern economy, companies are facing various types of risks and they begin to focus on the risk management. In the assignment, I introduce the enterprise-wide risk management in modern companies in part A and analysis the risks in Centro to create risk register. Through the result of risk register, I will give some recommendations and plan some mitigation strategy for risk management of Centro. Part A Difinition of EWRM Enterprise-wide risk managemnet is a buzzword used in the culture of the modern companies. Enterprise-wide, sometimes referred to organisation-wide or integrated though enterprise-wide risk management was also called organisation-wide or integrated risk managemnet. Risk management decribles how the discipline of risk management is partised in contemporary terms. In the definition by James Deloach, “EWRM is a new strategic process which enables you to identify, measure and manage the entire range of business opportunities and risks facing your organization.”(Deloach, 2000) The definition of CPA is “the way which approaches the problem of risk across the organisation in a truly and integrated way and involves everyone in...
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