ACC 7480 Penn State Case Leslie Erickson October 1, 2012 The Penn State Scandal reflects many failures of the governance system at all levels of the university and not only with in the Board of Trustees. As reported in the Freeh Report, chapter 1 (Key Findings); each school and large department of Penn State have their own Human Resources Staff. Amongst the individual Human Resources Departments if they hadn’t opted out; they were at least lazy with standard rules and procedures for implementing
Words: 1884 - Pages: 8
Is there a conflict between "doing well" and "doing good"? When there are conflicts, how may government regulations or laws tilt the firm toward doing good? As the text notes, the first step in doing well is doing good by your customers. Businesses cannot prosper for long if they do not provide to their customers the products and services they desire. In addition, reputation effects often make it in the firm's own interest to act ethically toward its business partners and employees since the firm's
Words: 711 - Pages: 3
The current issue and full text archive of this journal is available at www.emeraldinsight.com/1743-9132.htm IJMF 6,1 24 A comparative analysis of the performance of conventional and Islamic unit trust companies in Malaysia Norma Md. Saad, M. Shabri Abd. Majid, Salina Kassim, Zarinah Hamid and Rosylin Mohd. Yusof Department of Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, Kuala Lumpur, Malaysia Abstract Purpose – The purpose of
Words: 11712 - Pages: 47
The Future of Social Security Paula Allen COM 156 December 11, 2010 Joy V'Marie The Future of Social Security Social Security will not meet the needs of the younger generations in retirement because the depletion of funds in the Social Security trusts. The age requirement is predicted to rise to 70 by 2037 for those who can draw full benefits. There are people who survive on their monthly benefits from Social Security, but how long will it be before they cannot live on this amount of money
Words: 1076 - Pages: 5
Enron Company Enron chief financial officer set up and managed several partnerships that did business with Enron. Enron board of directors waived the firm's conflict-of-interest rules to permit this. Bad accounting for the partnerships allowed Enron to keep billions of dollars of debt off its balance sheet and to hide hundreds of millions of losses. The partnerships paid Enron's CFO more than $30 million in addition to his regular compensation. Board members were shocked to discover this when they
Words: 700 - Pages: 3
Agency Conflicts: An agency relationship arises whenever someone, called a principal, hires someone else called an agent, to perform some service, and the principal delegated decisions making authority to the agent. In companies, the primary agency relationships are between: 1. Conflicts between stockholders and creditors 2. Conflicts between Inside Owner/Managers and outside owners 3. Conflicts between managers and shareholders Conflicts between stockholders and creditors Conflict
Words: 1096 - Pages: 5
Background: Martinez, 36 years old, married, and a mother of two, is a CPA with an MBA degree. After working in Makati for a number of years, she married a classmate in MBA School and eventually resigned to concentrate on raising a family. By then, with her two children already studying, she was able to accept a part-time teaching position at a university in Quezon City. In mid-1998, Martinez’s aunt came for a visit and asked her if she would be interested to serve as a director of the Rural
Words: 410 - Pages: 2
School Board/Superintendent Relationships School boards and superintendents across the country and world need to be able to work together for the common good: helping students become successful in society and life. This requires working together, promoting trust, and being able to find common ground when working towards that goal. At times, school board trustees or superintendents lose sight of that goal. How can superintendents and school board members maintain and nurture positive relationships
Words: 1253 - Pages: 6
Task 1 Tesco was first founded by a sole trader, Jack Cohen in 1919, and then was a private limited company which is a much smaller scale of business. Tesco is now public limited company which anyone can buy shares which are on the stock exchange. By them being a PLC means they are able to raise a lot more money which can be exchanged into new stores or to employ staff. Each shareholder will be able to attend Annual Meetings in which they can have their say on how this business is going. Tesco is
Words: 282 - Pages: 2
Week Ten: Assignment Two- Code of Ethics Student Professor: Business 100 September 3rd, 2015 My name is Taylor Marie Elmer and I am the chief executive officer (CEO) of a chain restaurant called The Cheesecake Factory. Within each restaurant, board members and employees are expected to abide by the policies and procedures that are clearly written out in the document named Code of Ethics and Code of Business Conduct. We established a Code of Ethics for the employees knowledge of wrongdoings
Words: 954 - Pages: 4
