holds those companies accountable for not following the law is essential so that we do not go through another financial crisis. The Sarbanes-Oxley Act of 2002 was one way the government intervened to help detour organizations from fraudulent behavior and acts. The article “Sarbanes-Oxley law discourages risk-taking, corporate growth” discusses the impact of the SOX act and business growth. Sarbanes-Oxley Law Discourages Risk-taking, Corporate Growth The article discussed the Sarbanes-Oxley Act
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Assignment 4.4 For this assignment I have been asked to relate a well-known law to real-world applications, so for this assignment I decided to discuss the Sarbanes-Oxley Act I am going to explain what it is then list two real life businesses this Act falls under. The Sarbanes-Oxley Act was passed in 2002 and was enacted in response to a series of high-profile scandals that took place in the early 2000’s at companies such as Enron, Tyco, and WorldCom they rattled the confidence of investors. Sox
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does political, legal and social factors impact business activities of selected organisations and their stakeholders Nike Political factors: Politics can Nike.in both negatively and positively through changes made to tax, labor and national security laws. For example, politicians can raise taxes directly on businesses or on individuals, which ends up costing the company in the long run as people spend less money on goods and services. Alternatively, Nike profit when citizens receive tax incentives
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Training Key Areas Training Key Areas The effectiveness of employee’s performance is measured by their productivity, happiness, and talent and reflects the prosperity of the overall organization. The responsibility of corporate level positions is a vital value for larger businesses and it is an important attribute for high level contributions from each employee. Being an active member in society and aiding with community projects that encourage diversity within the organization
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health and safety laws consist of the Model Work Health and Safety (WHS) Act, supported by model WHS regulations; model Codes of Practice and a National Compliance and Enforcement Policy. Safe Work Australia is the national policy body responsible for the development and evaluation of the model work health and safety laws. The Commonwealth, states and territories are responsible for regulating and enforcing the laws in their jurisdictions. The model work health and safety laws are the basis for harmonised
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Riordan Corporate Compliance Plan LAW/531 3/4/2012 Marlene Wilhite Table of Contents I. Internal Environment II. Mission Statement/Objective Setting III. Code of Business Conduct a. Legal obligations and compliance b. Enterprise liability c. Real and Intellectual Property IV. Board Member Code of Ethics a. Selection of Board b. Board Leadership
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do not believe I am currently being actively tracked, I was somewhat surprised to read that allowing for such is a part of my employment agreement with Cox Automotive. Monitoring helps to guard employers in situations of litigation and to protect corporate secrets and intellectual property (). It is a necessity in today’s business world, although it can feel uncomfortable at
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describe three employment laws and the consequences of non-compliance. The three employment laws covered are Title VII of the 1964 Civil Rights Act, The Civil Rights Act of 1991, and The Americans with Disabilities Act; all three employment laws written about are an explanation of non-compliance. There is also an assessment on how an organization can ensure compliance with employment laws. Title VII of the 1964 Civil Rights Act Title VII of the 1964 Civil Rights Act was one law instated to ensure equal
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Noor Rizwan and I am a first year law student. I am writing this letter to explain how the legal classification has assist me in developing the competency for this quarter (i.e. Legal analysis) furthermore I will explain about the public and private law distinction which is in crisis and at last, I have made a table that classifies my first year subjects in three different categories which are: public law, private law and International law. Classification of law has played a major role for me in
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The Sabanes-Oxley Act passed by Congress in July 2002 has been described “as the most sweeping and significant change in securities law since the 1930's” (Parles, 2007). This act was largely in response to the highly publicized scandals of companies such as Enron and Worldcom. The “goal of SOX [is] to ensure the accuracy and reliability of financial information of companies trading on public markets” (Parles, 2007). While this act was written quickly in response to a crisis and is only 66 pages its
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