UNETHICAL CONDUCT For the topic of exploring the ethical conduct in the world of business, we are encouraged to discuss a legal case that includes with it the court proceedings and the punishment that was dished out. For the sake of intrigue, I chose a case in which a very controversial punishment was given by federal prosecutors. In the wake of the 20 year surge in white collar crime…and after the dust settled from the Enron scandal & the Sarbanes-Oxley Act of 2002…there lies a handful of
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Theresa Gaglia Tyco International Tyco is a multi-national corporation which grew rapidly under the leadership of CEO Dennis Kowalski. For awhile, this emerging corporate giant’s leader was admired for his management abilities of business takeovers and growth strategies which benefited many of the company’s stakeholders, as well as, himself. He was heavily compensated as one
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more, bigger locations- within 8 months. In this first situation I would report the report the inappropriate actions of the minister to the appropriate authorities. In my opinion this would be the only ethical thing to do. Also preventing any unethical actions would benefit the
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Introduction In the modern day, it has become increasingly important for Organizations to be morally correct in the way that they conduct their business and corporate activities. Companies with strong ethics programs have found that these efforts can reduce potential costly fines, decrease vulnerability, improve reputation, provide access to capital, favorably influence their bottom line, positively affect their employees' commitment to work and enhance customer loyalty (The importance of being
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2002, passed by the United States Congress with the intention of protecting investors from fraudulent activities experienced by business entities or corporations. The enactment of the SOX Act happened at a time when various scandals such as Tyco, Enron, and WorldCom affected the confidence of investors. Indeed, the SOX Act is about regulatory measures that are essential for purposes of protecting the welfare of investors. It is important to note that the business environment in today’s world require
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Is stock option backdating ethically defensible? Background Stock options are widely used to supplement the amount of non-performance-based cash compensation for executives and CEOs. Furthermore, Bishara & Schipani state that stock options, “have long been touted as a way to align the interests of the executive with the shareholder…”(2008, p. 13) and thus provide, “greater incentives for executives to improve firm performance.” (Raiborn et al. 2007, p.1) However, due to the transactional
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attitude and conduct towards its stakeholders – employees, customers, stockholders, and so forth; ethical behavior requires fair and honest treatment of all parties. The word ethics is defined as “standards of conduct or moral behavior.” The movie Wall Street, was the exact opposite of these definitions. The movie shows examples of hostile takeovers, insider trading, greed and unethical behaviors in the attempt to build fortune on the all mighty dollar. The movie focuses on the stock market and
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Two strategies we could adopt to ensure ethical behavior throughout our organization are we could conduct yearly audits and provide training to all employees, so they are aware of our code of ethics and their rights. Simply having a written code of ethics is not enough. We must make sure everyone is aware of our expectations by fostering a culture around ethical behavior. Implementing these strategies will create a focus around ethical behavior that our company will live by. The audits will
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paper on personal ethics development that examines your personal ethical system and ground rules, including its origins and development. o Incorporate the terms found in the University of Phoenix Material: Key Terms located on the student Web site. o Focus on the developmental aspect of your ethics rather than on a particular position on any issue. o Define your underlying ethical system, its primary principles, the sources that helped shape your ethics—such as people, institutions, events, and so
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Reporting Practices and Ethics Yolanda Jones HCS/405 March 10, 2014 Darlene Tomlinson Page Break Reporting Practices and Ethics The healthcare industry is a rapidly growing segment of the U.S. economy, amounting to over $2.1 trillion annually. Healthcare focuses on diagnosis, treatment, and prevention among other things. Health care makes up one sixth of the U.S. GDP it is the largest source of the nation's public expenditures. With large amounts of revenue going in
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