Corporation Scenario Paper LAW 421 2015 Part A The Sarbanes-Oxley Act of 2002 is a United States Federal law that set new or improved standards for all U.S. public company boards, management, and public accounting firms. SOX was created as a reaction to a number of major corporate and accounting scandals such as Enron in 2001. These sections of the bill cover responsibilities such as public corporation’s board of directors, criminal penalties for misconducts, and essentially defines how public
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financial setbacks. With the uncovering of each new company scandal, legislation has been swift to put ordinances and laws into place to prevent the same mistake from happening twice. Although some of the events majorly affected every American, some were swiftly and quickly identified which helped offset some of the major repercussions that could have possible be occurred. Three such laws that were implemented due to financial catastrophe include the Securities Act of 1933 & 1034, the Foreign Corrupt
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controlling this powerful institution, have instead reduced regulatory policies, giving corporations agency to commit immoral acts while receiving slighter repercussions. Joel Bakan’s book, The Corporation, analyzes the corporation’s tendency to break the law for the sake of their shareholders. The question is: for whom does the corporation truly work for, the public, the employees, or the shareholders? The answer is the shareholders. The corporation exists solely to serve its shareholders, and its’ employees
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PART A Sole Proprietorship: A type of business where there is no legal distinction between the business and its owner. • Liability – What a business or an owner of the business can be subject to. An owner is personally liable for the debts and or actions of the business. • Income Taxes – Because there is no distinction there is no separation of taxes between person and business. The owner is solely responsible for reporting all business income or loss on his / her personal tax return. • Longevity
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of opening a Christian Coffee House in Belmont, NC. Her husband John is open to making a contribution of capital to the business, but he has no interest in participating in its operation or management. Her sister Alice, is a new Christian, and has informed Betty that she’s been looking for an excuse to get out of the house and that she would love to be a part of the business. Alice’s husband, a non-Christian, opposes her involvement and told her that he expects her to remain a stay-at-home mom
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No. 3; March 2012 Corporate Social Responsibility in Higher Education Institutions: Istanbul Bilgi University Case Gresi Sanje Dahan, PhD Assistant Professor Istanbul Bilgi University Advertising Department Kazım Karabekir Cad. No:1 34060 Eyup Istanbul, Turkey Isil Senol, PhD Teaching Assistant Istanbul Bilgi University Advertising Department Kazım Karabekir Cad. No:1 34060 Eyup Istanbul, Turkey Abstract Universities, especially private ones are in need of strong corporate strategies in order
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Examples of Corporate Social Responsibility “The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law” (Corporate Social Responsibility, 2009). While Corporate Social Responsibility (CSR) can be practiced by companies in many different ways, the most well known examples are how business is conducted internally, including business ethics
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Corporate Social Responsibility Theories: Mapping the Territory Elisabet Garriga, ` ´ Domenec Mele ABSTRACT. The Corporate Social Responsibility (CSR) field presents not only a landscape of theories but also a proliferation of approaches, which are controversial, complex and unclear. This article tries to clarify the situation, ‘‘mapping the territory’’ by classifying the main CSR theories and related approaches in four groups: (1) instrumental theories, in which the corporation is seen as only
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Business and Society Law Kaleb Gee LAW/421 March 20, 2012 Dr. Lisa Browning Business Law Today Introduction Law is a broad and vague term as relating to business. The judiciary branch gives people and businesses a definable structure to operate with-in. Federal and state governments also provide a premise to settle civil and criminal disputes between individuals or individuals versus businesses. This paper will define the functions and role of law in business and society. It will also
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Executive Management & Shariah Advisory Board Current Em- | Dr Cheong Choong Kong - Chairman | | | | Dr Cheong was first appointed to the Board on 1 July 1999 and last re-elected as a Director on 17 April 2008. On 1 July 2003, he was appointed Chairman, after having served as Vice Chairman from 26 March 2002 to 30 June 2003. Dr Cheong brings with him a wealth of experience gained in his extensive career, including 29 years at Singapore Airlines Ltd, where he last held the
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