...ABSTRACT As future corporate leaders of the society, it is important for us, commerce students, to know how an organization functions. All kinds of organizations, whether for profit or not-for-profit must have some sort of system which keeps it running. Let’s take for example, our school. The University of San Carlos is known to have a lot of students and is well known for its technologically advanced facilities that cater to the needs of the student body. In our recent brainstorming and prior discussions in school, we’ve come up with the terms, corporate transparency and efficient allocation of resources. We thought this would be a great and somewhat interesting issue particularly on the part of the students since we would benefit the most from what the university has to offer. First, let’s define corporate transparency. Corporate transparency is the availability of all relevant information to stakeholders and end-users. So, this leads us to the most important question yet to be answered. Is corporate transparency present in the University of San Carlos? How does it affect the system of resource allocation? The study is conducted in the University of San Carlos. Interviews with different levels of employees were made to get a broader view of the university’s transparency and its effects on resource allocation. It would also be of much help to us to be well- informed of what is going on inside the school because we are directly affected by it. Top management is responsible...
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...Bibliography Political transparency and accountability profile ( 2011 ). (n.d.). Retrieved from http://www.politicalaccountability.net/index.php?ht=a/GetDocumentAction/i/5154 Common blog, what does 3m, unitedhealth group and comcast have to do with trayvon martin?. (2013). Retrieved from http://www.commonblog.com/2012/03/29/what-does-3m-unitedhealth-group-and-comcast-have-to-do-with-trayvon-martin/ Center for Responsive Politics, (2012). 3m co expenditures. Retrieved from website: http://www.opensecrets.org/pacs/expenditures.php?cycle=2012&cmte=C00084475 Center for Responsive Politics, (2012). 3m co. lobbying. Retrieved from website: http://www.opensecrets.org/lobby/clientsum.php?id=D000021800&year=2012 Public Citizen, (2011). 12 months after the effects of citizens united on elections and the integrity of the legislative process. Washington, D.C.: Public Citizen. Retrieved from http://www.citizen.org/documents/Citizens-United-20110113.pdf 3m community giving. (2013). Retrieved from http://solutions.3m.com/wps/portal/3M/en_US/Community-Giving/US-Home/ Economic recession and competitive advantage. (2009, December 30). Retrieved from http://ayushveda.com/blogs/business/economic-recession-and-competitive-advantage-the-3m-case/ Black, T. (2013, April 26). 3m cuts 2013 profit forecast on slowing demand. Retrieved from http://www.bloomberg.com/news/2013-04-25/3m-profit-trails-analyst-estimates-as-europe-slumps.html The National Bureau of Economic...
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...CONSUMER AWARENESS GUIDELINES Be an Alert Consumer ! Also be a Responsible Consumer !! Issued by Government of Tamil Nadu Civil Supplies & Consumer Protection Department, Ezhilagam, Chennai-5. Phone: 044-28583222 / 28583422 Web: www.consumer.tn.gov.in E.mail: consumer@tn.nic.in A. WHO IS A CONSUMER? A ”consumer” is a person who buys any goods or hires any service for valuable consideration (including deferred payment). The term does not include a person who obtains goods or services for resale or for any commercial purpose. However, persons who avail goods or services exclusively for the purpose of earning their livelihood by means of self employment are considered as ‘consumers’. B. CONSUMER RIGHTS Rights 1 to 6 are directly guaranteed under the Consumer Protection Act 1986 while Rights 7&8 are implied under the Constitution of India. 1. Right to safety Right to be protected against marketing of goods which are hazardous to life and property. 2. Right to information Right to be informed about the quality, quantity, potency, purity, standard and price of goods or services as the case may be, so as to protect the consumer against unfair trade practices. 3. Right to choose Right to be assured, wherever possible, access to a variety of goods and services at competitive prices. 4. Right to be heard Right to be heard and to be assured that consumer’s interest will receive due consideration at appropriate fora. 5. Right to redressal Right to seek redressal against Unfair...
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...store photos in a drawer or shoe box. My speech offers an alternative. Even if someone is not creative, this is an easy hobby - just about anyone can do it…and it is fun! Speaker Credibility: I was on my high school yearbook staff as editor for 2 years, and in that time I learned the true value of a photograph. From that point on, I began taking pictures of everything, but I never did anything with them. Then I discovered scrapbooking and instantly knew that was what would make a great home for my pictures. I can express my creative side and show how special my pictures are to me. Thus began my addicting hobby. A year and a half… and 3 scrapbooks later, I still engage in my hobby every day, literally. Presentational Aid: I will use transparencies to show a page from one of my scrapbooks. I will also bring...
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...Active use of the Internet and participation in social media groups have been recognized as by the US Congress as powerful means of helping people to avoid being victimized by advance fee loan scams and other types of financial fraud. Social media is a powerful force, reaching millions of people. The user-friendly design of the major social networking groups encourages users from all age groups and skill sets to communicate and to share information. That is exactly why social media has attracted the attention of government officials and consumer advocate organizations as a tool in the fight against advance fee loan scams. Knowledge is the best protection a person has against this type of financial predator. Social media plays two very important roles in raising public awareness by helping spread loan scam knowledge far and wide. Advance fee loan scams, as recently reported by DirectLendingSolutions.com, continue to evolve, shifting their form, gathering a phony aura of legitimacy from what is in the public eye. When the government got involved in trying to help ease the foreclosure crisis, for example, advance fee loan modification scams began to proliferate. The site has been publishing people's loan scam experiences since 2007, and reading those first hand experiences clearly demonstrates that despite shifts in form and detail, the fundamental structure of an advance fee loan scam remains the same. These sorts of scams have become a financial industry scourge, moving government...
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...Fall Protection [pic] |Construction Safety and Health |U.S. Department of Labor | |Outreach Program |OSHA Office of Training and | | |Education | | |May 1996 | INTRODUCTION The purpose of this discussion is to provide basic, comprehensive information to assist you in developing effective presentations. The use of visual aids, coupled with good public speaking skills, work hand-in-hand to create effective presentations. Your speaking style and stage presence are personal talents that you can refine with much practice and experience. Each aspect of effective presentations, however, could not be detailed in this discussion. Instead, much emphasis is given to visual aids which are essential to all successful presentations. DESIGNING THE PRESENTATION There is no secret to developing an effective presentation. Establishing your objectives, planning and organizing your material, and using appropriate visual aids are the essential ingredients. The recipe for effective presentations calls for all three ingredients, and you must use them in the order in which they are presented here. By establishing your objectives...
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...HIGHLIGHTS OF R.A. 7394 (CONSUMER ACT OF THE PHILIPPINES) • APPROVED on April 13, 1992 • Became OPERATIONAL in May 1993 with the appointment of NCAC Members by the President • SEEKS to carry out the 1987 constitutional mandate of protecting the consumer against trade malpractice and substandard or hazardous products. • It is also the government’s response to the UN Secretary General’s request that member governments adopt policy measures that will implement the minimum guidelines on consumer protection promulgated by the United Nations in April 15, 1985 Art. 2. DECLARATION OF BASIC POLICY 1. To protect the interest of the consumer. 2. To promote the general welfare. 3. To establish standards of conduct for business and Industry. OBJECTIVES of the Consumer Act: 1. Protection against hazards to health and safety. 2. Protection against deceptive, unfair and unconscionable sales acts and practices. 3. Provision of information and education to facilitate sound choice and the proper exercise of rights by the consumer. 4. Provision of adequate rights and means of redress. 5. Involvement of consumer representatives in the formula of social and economic policies. Government agencies that implement the Consumer Act: • Department of Trade and Industry • Department of Agriculture • Department of Education • Department of Health • Bangko Sentral ng Pilipinas • Local Government (Provincial, City or Municipal Treasurer) NATIONAL CONSUMER AFFAIRS COUNCIL, was...
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...Daniel Holback Walden University Appropriate Use of Transparency in Organizations Organizational Transparency Transparency in economic terms refers to the degree of openness regarding information about the nature of transactions, terms of contractual agreements, the degree of financial interest, fiduciary obligation, the level of risk and degree of understanding of both nature and terms of business dealings. Organizational transparency gives employees an unfiltered insight into a company’s operations and future. It’s giving employees a voice. Silver (2005) states that In an age when nothing can be hidden for long, everything depends on trust and transparency (Silver, 2005). He also said that stakeholders were demanding that organizations become more transparent—which he defined as honesty and accuracy—not only “in the numbers they release but also in how they’re run” (p. 16). However, transparency also requires trust. Being transparent requires a willingness to be vulnerable because you can’t ensure how people will use the information you share. Therefore, organizations must also trust their stakeholders in order to risk being transparent. Appropriate Levels Healthy organizational culture is vital when it comes to the workplace according to Northouse (2013). According to Watschke (2015) using social media to drive organizational transparency helps build trust with stakeholders. He informs how social media dynamics may be forcing organizations to take another look at...
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...Part 5: Organizational Culture ~Transparency: How Leaders Create a Culture of Candor I find that I can identify and agree with Patrick Heraty’s summary of this subject as today’s organizations seemingly desire to become more candid, open and accessible and they encourage and often demand that their leaders practice and give credence to such transparency. While there are advantages and disadvantages to organizations becoming more transparent, I am of the belief that the advantages of an open organizational culture can far outweigh the disadvantages of non-transparency as perhaps an understanding can be gained either individually or collectively that can aid in facilitating a healthier work atmosphere which can be subsequently beneficial to the employees as well as the employer. As mentioned by Heraty, transparency also promotes healthier communications. Heraty implies that whistleblowers experience less retaliation as a result of their speaking out regarding injustices or illegalities which may occur in the work place. I have come to witness that this may be true in as much as the organization is truly committed to transparency genuinely. Should the efforts of the organization (as was the case with myself), be somewhat disingenuous regarding transparency then whistleblowers will find themselves in a rather precarious position. I appreciate the efforts of companies like Whole Foods who even go so far as to make the salaries of their employees a matter of openness. I think...
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...countries and the EU. However, in recent years there is a tendency to positive change (increase of 2.8% over the past 5 years); * One of the problematic issues is corruption. Index of corruption peception is quite high and is 42 points, it is the average rate in the Balkan countries, but relatively high in comparison with other European countries. This may indicate the need for searching for relations, lobby and high costs of corruption and bribery; * Index of fiscal freedom also has a negative tendency, it is 83.1. This indicator can have a negative impact on business activities because the company is spending heavily on taxes. Tariff rate is the highest in the region and is characterized by a rate of 6.5%. Income Tax Rate - 15%, Corporate Tax Rate -...
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...oikos Case Writing Competition 2013 Social Entrepreneurship Track 3rd Place Ziqitza Health Care Limited: Responding to Corruption N. Craig Smith and Robert J. Crawford, INSEAD This is an Online Inspection Copy. Protected under Copyright Law. Reproduction Forbidden unless Authorized. Questions relating to permission should be directed to: craig.smith@insead.edu Copyright © 2013 by the Authors. All rights reserved. This case was prepared by N. Craig Smith and Robert J. Crawford as a basis for class discussion rather than to illustrate the effective or ineffective handling of an administrative situation. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form by any means without permission. oikos case collection http://www.oikos-international.org/academic/case-collection/ oikos Case Writing Competition 2013 3rd Prize Introduction After a monthly staff meeting, a young employee approached Sweta Mangal, CEO of Ziqitza Health Care Limited (ZHL). Sanjay Rafati 1 had been hired as a financial officer the previous month, in November 2011. In view of the company’s strict ethical code, he was nervous about expressing his point of view, which was why he wanted to see Ms. Mangal in private: “The situation in one of the states where ZHL operates is getting critical. Unless the government pays what it owes us immediately, we will not be able to make payroll. We won’t be able to service...
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...least and most corrupt governments, as determined by Transparency International, are as distant from one another as matter is from anti-matter. New Zealand and Denmark are hands down more ethical than their polar opposites, Somalia and Afghanistan. This paper attempts to paint a picture of how distant and discuss the variety of contributing factors, from minimum wage to deep seated and institutionalized cultural mores. Article Corruption, as defined by Merriam-Webster’s online dictionary, is “an impairment of integrity, virtue or moral principle.” Equally relevant is the definition of government: “the organization, machinery, or agency through which a political unit exercises authority and performs functions..” In the scope of this paper, I intend to discuss the impact of ethical conduct, or lack of, as it relates to the degree of corruption evidenced in the conduct of governments. In short, is it the government which is corrupt, or the persons that comprise the government? Further, what impact if any does the type of government play in the degree of corruption displayed in a given government’s actions? And last, if the actions of a government which is described as corrupt are in keeping with societal norms of the region, is it right to describe them as corrupt by using a foreign measurement? And the winner is….New Zealand. According to the most recent Corruption Perception Index (CPI) report provided by Transparency International, New Zealand has the highest confidence...
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...Abstract Corruption and corporate and personal integrity is becoming a major problem in the global economy we live in today. Corruption is defined as the abuse of entrusted power for private gain. Numerous national and multinational companies face serious cultural problems including corruption and integrity issues. Today there are many reasons as to why corruption and lack of integrity is harmful to so many countries. Corruption affects a countries politics, economy, society, and overall environment. When the counties leadership is lacking integrity, than a corrupt country cannot develop, which causes the country to become even more corrupt. In addition, the corrupt countries economy suffers with the potential depletion of their national wealth. However, the damage of corruption on society is most damaging of all. Country corruption and unethical behavior diminishes trust in the government, politics, and leadership of their country. This in turn creates the potential for more unethical behavior and corruption in that society. Overall, the environment of that country suffers and only creates a domino effect of more unethical behavior and corruption across the spectrum. Haiti has been ranked as one of the most corrupt country in the World by Transparency International. Once a tourist’s attraction, Haiti was one of the most beautiful mountainous countries of the Caribbean Islands now it is pledge by corruption and a government that lacks moral and integrity. It...
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...Corruption: The Most Pressing Problem in Exporting and Importing 2013-2017 1 Corruption: An Overview Corruption exists all over the world, regardless of how social conservative, religious, or developed a nation may be. While some countries have taken an active approach to outlaw the practice, others have embraced the habit as a method in which to conduct business. Because of this disparity there are varying degrees of how prevalent corruption is by country. Transparency International, a global coalition against corruption, defines corruption as “the abuse of entrusted power for private gain” (Transparency International, 2012). As such, corruption is not limited to just one form or one sector of society and is a complex social issue that does not lend itself to an easy solution. Due to the nature of corruption it is difficult to quantify just how much money is lost to the practice each year. It is not until an organization is discovered engaging in corruption that a value can be placed on it. However, those are isolated incidents and the amount of money involved varies from one case to the next. A report in Global Financial Integrity stated that “illicit outflows increased from $1.06 trillion in 2006 to approximately $1.26 trillion in 2008” (Kar & Curcio, 2011). Illicit outflows consist of corruption, tax evasion, theft and embezzlement. Due to “abuse of entrusted power” corruption is difficult to measure and contain because of the human...
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...perception is at a high level. Political parties are ranked as the most corrupt institution in Italy, closely followed by public officials and Parliament, according to Transparency International Global Corruption Barometer 2013. Regarding business and corruption, foreign investments and economic growth are hindered by organised crime and corruption. Business executives from World Economic Forum Global Competitiveness Report 2013-2014 consider corruption one of the problems for doing business in Italy Procurement process, mainly in water, roads and railway projects, in Italy is affected by corruption. ------------------------------------------------- CORRUPTION CHALLENGES Government and politics Checks and balances in the Italian government are compromised. A 2012 study indicates that the legislative branch has little independence from the executive. This creates a disparity in power and enables the executive to govern without appropriate accountability. Integrity mechanisms are also poor in the public sector. According to a 2011 report, parliamentary and government codes of conduct are aspirational at best, and not enforceable. Weak – and often non-existent – sanctions cannot effectively deter corrupt acts. National corruption scandals also undermine public officials’ image. Political financing Corporate donations to political parties and candidates are unregulated. Although there are constraints on election expenditure, there are no limits on donor contributions to...
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