The agency problem plays a significant role since managers know that if their branch hit their sales goals it looks good to upper management, thus creating job security with the company. In the assigned lecture, Dr. Parnell defines agency problem as “a situation in which a firm’s managers, the agents of the owners, fail to act in the interest of the shareholders” (2016). The managers failed to act in the best interest of the shareholders by withholding any communication of the fraudulent behavior, since they did not report any suspicions to upper executives. This behavior could have been prevented if Wells Fargo managers created a harmonious work culture that did not value numbers over
SOX Section 806 “Protection for Employees of Publicly Traded Companies Who Provide Evidence of Fraud” offers protection to whistleblowers who faced any kind of retaliation from employers or other entities. Boeing’s termination of Neumann and Tides cannot be protected under Section 806 as they did not report to the right groups, specifically a federal regulatory or law enforcement agency, the U.S. Congress, or a person with supervisory authority. Assessment of the Courts’ Decision over Neumann and Tides’ Dismissal Charges As per Section 806, Neumann and Tides may not be able to access whistleblower protections. Instead of going to supervisors who can investigate this matter, federal/regulatory agents, and the U.S. Congress, they spoke directly with the media. Although Neumann and Tides mentioned their IT internal control security controls to their managers, they did not pursue other formal company reporting measures.
Part C of the code describes examples of threats that could be encountered and likely safeguards that can be useful to make sure that threats are either eliminated or reduced to acceptable level. It does not explain all potential situation or relationships that members in business might come across that could create threats to compliance with fundamental principles members are encourage to be alert and may consider obtaining legal advice if they believe unethical behaviour will continue to occur within the employing organisation. The FIA code of ethics dose not apportions its principles and rules in this manner. (APES 110 Code of Ethics for Professional Accountants,
The owner of the company wants to keep a good reputation, in order to do so he should abstain from any violations or illegal actions that could taint his reputation. In the end, the owner will be seen as honest and trustworthy, this will be good for business. Hypothetical imperatives are based on our desires, different from the categorical imperative (Frederick 4). Categorical imperatives are duties that come from reason. It is seen as the universal law, which applies to all human beings because we are rational (Frederick 4).
The National Labor Relations Act allows employees to form a union or join a preexisting union. The same act prevents employers from standing in the way of workers attempting to unionize. Many organizations frown on unionization, but regardless of their opinion, they cannot interfere with employment rights. Employers are violating the law if they threaten employee 's jobs, question union activities, or eliminate benefits for employees by unionization. They also cannot offer benefits or perks to employees for refusing to unionize, as this could be seen as illegal persuasion (Employer/Union Rights, n.d.).
As part of its obligations under the Code, Carlson had adopted a corporate ethics policy designed to eliminate any organizational association with sex trafficking. Even though the company would not be breaking any rules or regulations, it is not a good look for the company on an ethical level to be opening up a hotel complex in an area highly known for child sex trafficking and prostitution. If the company were to do this, they would be putting their financial interests before their corporate social responsibility to prevent trafficking as best as they can as a company. If the Carlson Company decides to proceed with the hotel development, the company needs to take important steps to assure that they remain in compliance with the Code of Conduct. These key steps include: 1.
They serve as marketing mediators ensuring that the right distributor has been chosen, availability of the product in the market etc. e) Customers – Customers are the end users of the products supplied by the distributor. The below diagram represents a customary supply chain process; Supply chain in Pizza Hut is very dynamic and plays a vital role in achieving organizational goals and maintaining brand image. The organizational objective of Pizza Hut is to be the unbeatable market leader by providing relentless innovation, commitment to quality, dedication to customer service and value across the globe. Pizza hut has various strategies and sub strategies to achieve its objectives.
1. ………………………… AHIMA addresses this particular case by compelling HIM professionals to ensure that their workplace environment is consistence and promotes compliance with the AHIMA code of ethics, and engaging in activities that deters organization’s behavior that will violate compliance of federal, state and professional code of ethics. Additionally, AHIMA also compelled HIM professionals to avoid conflict of interest as they perform their professional obligation, which include the practice of unbounding to ensure the financial gains of the organization of their employment. Lastly, AHIMA compelled HIM professional to refuse to participate or conceal unethical practice or procedure of fellow employee, or organization, and HIM professionals are required to report such cases to the
Trust is a key component in business world, particularly because supervisor and management do not hire, nor keep in employment those that they do not trust. Unfortunately, because of this, the violation of trust is an occurrence that many companies are susceptible to. By keeping up with employees and understanding their personal life to some extent, without breaching privacy, management can adjust their views of an employee, giving the proper access involve with their job tasks. Supervisor should require
These methods are not only good in practice in one’s personal life, but also in one’s professional life as many companies and government agencies have policies regarding use of information technology resources and the retention of personally identifiable information. The most important protection for personally identifiable information is a person’s knowledge of the type of threats and risks there are to their information. For example, the ability to identify a phishing attempt will keep a person from providing information that may compromise their data. Companies in communications with their customers specifically state they will never request a customer’s password. If someone does request this under the guise of being a part of that company, this is a red flag and the customer or user should not provide the information and immediately seek out the company to alert them of phishing attempts.