Article Analysis The Sarbanes Oxley Act was passed in 2002 as a result of plenty of corporate scandals. The purpose of this act was not only to defend investors and provide them with accurate and reliable information but also make companies and employees behave ethically and with integrity. After the law was passed the financial statement have been impacted and corporate managers are more involved but is the law 100% effective? Many businesses argue that the implementation and ongoing requirements
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of the business world - invisible and complex. * BLUE COLLAR CRIME - working class members in society - often visible and more likely to be punished. Sutherland (1949) first used the term ‘white collar crime’. He challenged the assumption that crime is mostly a working class phenomenon. However, his own definition is not helpful. The problem with it is that he does not distinguish crimes committed for an organisation. Writers have therefore distinguished between crimes: * CORPORATE CRIME
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Kentucky corporation, for serious violations of safety standards under the Federal Mine Safety and Health Act (the Act) which resulted in the deaths of two miners. Following the imposition of civil penalties, WRW liquidated its assets and went out of business. Three individual defendants, who were the sole shareholders, officers, and directors of WRW, were later indicted and convicted for willful violations of mandatory health and safety standards under the Act. Roger Richardson, Noah Woolum
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SCOPE OF GOVERNANCE A. Meaning of corporate governance According to Sir Adrian Cadbury, “Corporate Governance is the system by which companies are directed and controlled. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society. Corporate governance is therefore about what the board of a company
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| Sustainability management | | | | | * Executive Summary Sustainability is a key concern for the business now-a-days. Firms are now triggering resources and practices towards the sustainable growth of the business. Shell Group, a leading firm in energy industry, is trying to turn their resources for being sustainable in their business practices. For being so, they can follow two approaches such as Carroll’s four part model of CSR and stakeholder analysis. It has become a vital
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want to be well-known and well-respected in society. The desire to be successful in our careers and profession we choose is just as important. To be successful an individual would choose a profession that would allow them to advance and climb the corporate ladder. Each and every profession has a standard code of ethics and professional values. Likewise, each has their own set of codes within the corporation or company. A person choosing their profession should really consider their own values and
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organisations’ operational ethics. Business operation has transformed from simply making financial profit into a broader sense of responsibility, as the ethical aspects of business operation is closely linked to the long term sustainability of organisations, increase number of organisations are shifting their focus away from making financial profit to making social and environmental contributions(Pedersen: 2015). This essay will discuss the importance of corporate social responsibility by firstly analyse
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LEG100: Business Law I Professor Young March 5, 2011 Enron was an old line energy company, owning electric power production facilities and natural gas pipelines. It engaged in several acquisitions during the late 1980s and the 1990s that dramatically increased its size. Its acquisitions included power companies in the U.S. and abroad, as well as investments in various energy and technology companies. In the 1990s, Enron reorganized itself as an energy trading company, whose primary
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the collapse of corporate enterprise is the principal concern of Corporate Insolvency Law. Its dramatic implications on the society at large, both locally and internationally, are so drastic, that corporate insolvency law, putting the repercussions of this cankerworm into serious considerations, is always torn between the two options of either protecting the private rights which is basically maximizing returns to creditors on the one hand, or preservation of the company or its business [1] , considering
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| |[pic] | |Corporate Compliance Plan | |Interoffice Memorandum
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