...Ethics has been defined as “moral principles that govern a person’s or group’s behavior”. Ethics affect different professions in different ways. Since citizen data is basically a bunch of records and files, I looked up a code of ethics for Record Managers locally and internationally. I found that there are multiple groups that work throughout the world helping governments with the records that they keep, the only one that I actually found that had a code of ethics was the Institute of Certified Records Management (CRM). The CRM’s code of ethics is extensive and very well put together. You have to actually become a member and if you are accused of unethical behavior you have to go through an ethical review board which determines if you can continue to use their designation. Two ethical issues that I believe are associated with the consolidation of citizen records in the London Borough of Bren are respecting the rights of privacy of individuals whose lives may be documented in intimate detail in those records and government agencies and other people can misuse the gathered information for their personal gain. The privacy issue would probably be my biggest concern since there can be very sensitive information about disabilities, mental and physical health issues, etc. listed in them. Government agencies can use the information to profile different groups of individuals on their actions, beliefs, and race. They can also use the information to seclude individuals from the majority...
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...IT Consultation for Mr. Green Kenya Newton Cynthia Orth CIS 329 – Administering Desktop Clients Ethics and Local Governance Ethics has been defined as “moral principles that govern a person’s or group’s behavior”. Ethics affect different professions in different ways. Since citizen data is basically a bunch of records and files, I looked up a code of ethics for Record Managers locally and internationally. I found that there are multiple groups that work throughout the world helping governments with the records that they keep, the only one that I actually found that had a code of ethics was the Institute of Certified Records Management (CRM). The CRM’s code of ethics is extensive and very well put together. You have to actually become a member and if you are accused of unethical behavior you have to go through an ethical review board which determines if you can continue to use their designation. Two ethical issues that I believe are associated with the consolidation of citizen records in the London Borough of Bren are respecting the rights of privacy of individuals whose lives may be documented in intimate detail in those records and government agencies and other people can misuse the gathered information for their personal gain. The privacy issue would probably be my biggest concern since there can be very sensitive information about disabilities, mental and physical health issues, etc. listed in them. Government agencies can use the information to profile different...
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...Case Study 1: Ethics and Local Governance Introduction to Information Technology July , 2013 In 2007 a Transformational Government mandate focused on customer budget reductions of 3 percent year to year increasing the emphasis on regionally shared services for the London Borough of Brent. The area is approximately 270,000 citizens with the London Borough of Brent information scattered across numerous departments without the ability to share any of the information across the enterprise. The decision to create a master client index that will clean up duplicate and fragmented data files, improve operational efficiencies, there are over 1.5 million records of the 2700,000 citizens that will be matched and linked from several different databases, providing a real time view of each customer’s data, this process will be very beneficial and achieve optimal operational efficiency. The two potential ethics issues associated with the consolidation of citizen records in the London Borough of Bren. First the privacy of the information of the citizens within those records may contain intimate details about their lives that should be kept private would probably be my biggest ethics issues concern. Some people enjoy their privacy and don’t want their information readily available for people to see without their consent. Some of information of the citizens records listed within the database could be very sensitive and personal information about someone’s disabilities, medical records, mental...
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...MOUNT KENYA UNIVERSITY VIRTUAL CAMPUS DEPARTMENT OF MANAGEMENT MASTER OF ARTS, GOVERNANCE AND ETHICS CONTINUOUS ASSESSMENT TEST I MDS 521 GOVERNANCE AND LEADERSHIP SKILLS DEVELOPMENT Instruction to students * Deadline October 30th 2013 or earlier * Assignment should be typed in prose not on bullet points * Font: new times roman * 12 points * Normal margins * minimum of 30 pages 1.5 spaced * Should indicate at least a minimum of 5 reference books. * No late submission * Plagiary will lead to no grade Question Critique leadership in the public sector and suggest reforms that are needed to ensure that vision 2030 is realized. Be careful to hinge your discussion on the pillars of Kenya’s vision 2030.20marks MOUNT KENYA UNIVERSITY VIRTUAL CAMPUS DEPARTMENT OF MANAGEMENT MASTER OF ARTS, GOVERNANCE AND ETHICS CONTINUOUS ASSESSMENT TEST II MDS 521 GOVERNANCE AND LEADERSHIP SKILLS DEVELOPMENT Instruction to students * Deadline November 15th 2013 or earlier * Assignment should be typed in prose not on bullet points * Font: new times roman * 12 points * Normal margins * minimum of 30 pages 1.5 spaced * Should indicate at least a minimum of 5 reference books. * No late submission * Plagiary will lead to no grade Question Using the public/private synergy model, come up with a case study and discuss the synergy or lethargy brought about by of...
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...1 The American Red Cross Dr. Jack Huddleston Business Ethics: Ethical Decision Making & Case July 21, 2013 2 1. Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line). The American Red Cross (ARC), also identified as the “The Face of Recovery”, is a humanitarian organization that provides emergency assistance, disaster relief and education inside the United States. The ARC is a non-profit organization that offers services in five areas of society. The community service sector helps citizens that are in need. In the communication sectors, the ARC provides comfort for military members and their families. The collection, processing and distribution of blood and blood products are also services provided by the ARC. There are also educational services on preparedness, health, and safety which are imperative for recovery acts. Hurricane Katrina was the deadliest and most destructive Atlantic Hurricane of the 2005 Atlantic Hurricane season. It was the costliest natural disaster, as well as one of the five deadliest hurricanes. Hurricane Rita hit the coast of Louisiana and Texas only a month later and was even larger category 3 storm (Ferrell, Ferrell, Fraedrich 2011). The ARC raised more than 2 billion in private donations to fund massive relied efforts for both these disasters...
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...Business ethics are a pivotal aspect in strategic business finance, or finance in general. Poor ethical practices and immoral acts have been conducted across many years by many individuals and businesses in the business world in regards to finance. This paper will focus on two of the more well-known ethical issues that occurred in the late 1990s and early 2000s, Enron Corporation and WorldCom. This paper will focus on the factors that led to the demise of the corporations, as well as the violations that occurred within the accounting practices, and the specific ethical violations in strategic financial planning. To summarize, the largest contributing factor to the demise of Enron Corporation and WorldCom was simply corporate governance failure (Stanford GSB Staff, 2016). The smaller factors that led to the governance failure were such things as increases in executive compensation and stock options, jumps to incentives to manage earnings, and major shifts in the structure of auditing firms. These changes directly led to the loss of money and public confidence. These reason can be classified as nothing other than management greed. This can be validated by the statistical increases in worker compensation which rose forty-two percent in the 1990s as well as corporate profits rose eighty-eight percent, the standard and poor index increased two hundred and forty-eight percent, as well as CEO compensation rose four hundred and sixty-three percent during this timeframe (Stanford GSB...
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...The Development of Business Ethics.” Determine at least two (2) additional reasons for studying business ethics beyond those discussed in the text. Analyze the development of business ethics since the 1960s and postulate what issues will be at the heart of business ethics ten (10) years from now. Explain your rationale. Discussion 2 Select an organization of your choice and identify both primary and secondary stakeholders and their most likely issue(s) with the organization. (150 words) As the company’s mission is totally dependent on the needs of stakeholders, hence they hold an important position and place in the company’s profit and sales. The groups of stakeholders associated with Toyota include: its customers, its employees, the business partners of Toyota, Local communities and global societies and lastly shareholders. The customers are the high priority stakeholders of the company. For this group of stakeholders, Toyota always strive to provide highly safe and reliable vehicles. Employees of Toyota are also far more satisfied with the services and facilities provided to them by the company. The key points of Toyota for its employees include: a developing environment for human resource, diversity and inclusion in the working area, provision of safety and healthy working environment, enhancing confidence in its employees and showing pride and loyalty towards its employees. Looking at the different financial parameters, stakeholders position and financial data of the company...
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...knowledge acquisition from the critical thinking and analytical skills necessary for making ethical decisions or judgments. Answering questions about business ethics requires knowledge from multiple disciplines, including philosophy, psychology, political science, sociology, economics, finance, organizational management, and law. Analyzing such a vast body of data in ethical frameworks requires the highest levels (analysis, synthesis, and evaluation) of critical thinking as expressed in the taxonomy. Corporate governance, an interdisciplinary subject addressed in all these disciplines, explores the inter- workings of both for-profit firms and not-forprofit firms and is an area requiring business students to evaluate ethical issues when making decisions. Despite the broad responsibility of teaching corporate governance in the finance classroom, the pedagogy of finance has been restricted to ideas derived primarily from economics, statistics, and finance. Competing ideas from other disciplines are generally unwelcome and/or are treated with skepticism. Even the ideas of some researchers from the fields of economics and finance such as Hart (1995) and Tirole (2001) who promote alternate solutions to corporate governance beyond agency theory are ignored or overlooked. As a result, business ethics and corporate governance topics often are introduced in apro forma, compulsory fashion that may...
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...of the organization: a. Adopt a company-wide Code of Ethics The company must develop its Code of Ethics. It should be the embodiment of what the business believes in with regards to the nature of the business, business practices, operations, people and its ethical responsiveness. In doing so, the company will always operate under the guidance of the code- legally and ethically; and all business decisions will be made within the principles of the code. b. Create an Ethics and Compliance Committee The company’s Ethics and Compliance Committee will play a pivotal role in the practice, application and training of the Code of Ethics because: • It will ensure that the Code of Ethics remain global- applicable to anyone and everyone within the company and doing business with the company • It will ensure that the Code of Ethics is always in alignment to the ever-changing economic environment- both locally and globally • It will ensure a continuous education and training of all employees at all levels (regular employees, management and executives as well). • It is a resource to all questions and concerns regarding the company’s ethical practices B2. CODE OF ETHICS Every business, every company, every organization should willfully adopt a Code of Ethics. Code of Ethics is important because it embodies the governance of a business. It provides guidance towards fair business practices, social responsiveness, encourage local and global involvement for the common good and awareness...
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...Legality and Ethicality of Corporate Governance ETH/376 Legality and Ethicality of Corporate Governance United Thermostatic Controls, a publicly owned company, like many other companies in the world faced financial difficulties in 2010. The company set sales goals in the different regions they serve for 2010; most of the regions met or exceeded their goals although one region was below the target. The director, Frank Campbell, of the region with below target sales thought of an idea to meet the goals. The CPA, Tony Cupertino, was informed of the idea and the effects to the organization. Could the decision cause ethical or legal effects for the organization? Further review of the decision was needed to ensure SOX was followed and to determine if the decision would be equitable for stakeholders. Many people think accounting decisions are always clear based on laws and regulations; however, organizations need to be mindful of effects for everyone involved in the organization. In the United States there is no formal report for corporate governance; however, companies must disclose, and adapt corporate governance guidelines. The CEO of each organization must acknowledge the acceptance of the guidelines and comply with them (Mintz & Morris, 2011). After the Enron case New York CPA candidates must met ethics requirement criteria (Mintz & Morris, 2011). In this respect it is important for United Thermostatic Controls to separate ownership and control in the organization...
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...Table of Contents 1. TITLE PAGE 4 EXECUTIVE SUMMARY 6 3. INTRODUCTION: 6 4. CONTEXT OF THE COMPANY: 7 5. WHAT IS CORPORATE GOVERNANCE: 8 6. THE PURPOSE AND BENEFIT OF GOOD GOVERNANCE: 8 7. GUIDING PRINCIPLES OF GOOD GOVERANCE: 9 8. REVIEW OF REPUBLIC BANK LIMITED’S CORPORATE GOVERNANCE: 9 8.1 Organisation Structure: 10 8.2 Republic Bank Limited’s Core Values: 11 8.3 Republic Bank Limited’s Code of Conduct and Ethics: 12 8.4 Corporate Social Responsibility (CSR) in Republic Bank Limited: 12 8.5 Policies and Procedures in Republic Bank Limited: 13 9. CONCLUSION: 13 10. RECOMMENDATION: 14 -15 11. REFERENCES: 16 12. APPENDICES: 17 Appendix I 17 Appendix II 18 Appendix III 19 - 20 Appendix IV 21 - 22 Appendix V 23 TO: THE CHAIRMAN, REPUBLIC BANK LIMITED FROM: CONSULTANT DATE: 03RD MARCH, 2014 SUBJECT: IMPROVING CORPORATE GOVERANCE IN REPUBLIC BANK LIMITED 2. EXECUTIVE SUMMARY It has been established that Organisations need to have a Competitive Advantage to remain viable and profitable. In order to accomplish this, one (1) essential tool is good Corporate Governance. This paper first identifies what good Corporate Governance entails then reviews the Corporate Governance process of Republic Bank Limited (a local banking organisation) utilising the tools, concepts and theories of the governance process identified. Some recommendations have been made to further enhance what the bank currently practices. 3. INTRODUCTION: The extent...
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...Corporate Ethics and Government assignment Name: Grade Course: Tutor’s Name: (16, April, 2012) Corporate Ethics and Government assignment Introduction In recent past, corporate ethics and governance has attracted a great deal of public interest due to its apparent importance in the economic health of corporations and society. In general, corporate ethics and governance include the relationship of the company to its shareholders as well as the society. It also includes promotion of fairness, transparency, accountability in references to the mechanism used in the governance so that the actions taken are consistent with the shareholders interest. Therefore, to ensure that corporate ethics and governance is properly addressed, issues of transparency, accountability, measures of risk management, proper information flow both vertical and horizontal should be properly addressed. This will help the companies to adopt the appropriate legal compliance mechanisms to ensure that ethics and conduct of issues are formally addressed. However, compliance of corporate ethics and governance do not come in handy. There are several issues hurdles that several companies and organizations have undergone in achieving these milestones. This has made this topic to be widely discussed especially in the media as will be demonstrated in the articles that will be discussed here after. Most of the newspapers have taken this issue with a lot of seriousness and dedicated their time to discuss...
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...RMIT University Vietnam Corporate Governance and Regulations (BUSM 4158) *** Individual Social Audit Report on Vedan Vietnam’s Corporate Social Responsibility Prepared by: Nguyen Ngoc Thanh Phuong Student ID: s3480053 Lecturer: Mr. Barry Slutsky Semester 1, 2014 Word count: 1762 Corporate Governance & Regulations -‐ BUSM 4158 Table of Contents Executive summary ..................................................................................................... 3 Vedan Vietnam and Thi Vai river incident .................................................................... 3 1. Vedan Vietnam – Company in brief: ......................................................................................................... 4 2. Thi Vai river incident ....................................................................................................................................... 4 Vedan’s social and environmental impact ................................................................... 4 1. Environmental impact ..............
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...Corporate governance is a broad term that has to do with the manner in which the rights and responsibilities are shared among owners, managers and shareholders of a given company. In essence, the exact structure of the corporate governance will determine what rights, responsibilities, and privileges are extended to each of the corporate participants, and to what degree each participant may enjoy those rights. Generally, the foundation for any system of corporate governance will be determined by several factors, all of which help to form the final form of governing the company. Within any corporation, the structure of corporate governance begins with laws that impact the operation of any company within the area of jurisdiction. Companies cannot legally operate without a corporate structure that meets the minimum requirements set by the appropriate government jurisdiction. All founding documents of the company must comply with these laws in order to be granted the privilege of incorporation. In many jurisdictions, these documents are required by law to contain at least the seeds of how the company will be structured to allow the creation of a balance of power within the corporation. http://www.wisegeek.com/what-is-corporate-governance.htm SIX CHANGE APPROACHES OF KOTTER & SCHLESINGER The Six (6) Change Approaches of Kotter and Schlesinger is a model to prevent, decrease or minimize resistance to change in organizations According to Kotter and Schlesinger (1979)...
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...IMPORTANCE OF BUSINESS ETHICS published: Sunday | April 11, 2004 [pic] [pic] FITZ-RITSON and LOPEZ Ayanna Kirton, Staff Reporter IN RECENT years the term 'business ethics' has taken on new relevance in the wake of accounting scandals that have discredited some of the world's largest and well-respected companies. The list includes WorldCom (now MCI), Tyco International, Parmalat, and Enron whose financial executives have faced charges and possible jail time for financial misdeeds. Now, the Business Roundtable (BRT) aims to restore public confidence in Corporate America with a US$3 million initiative to educate future CEOs on business ethics. According to an article published by Business Week, on January 14, 2004, the BRT, an association of 150 chief executive officers of leading United States companies, announced it was creating a new business-ethics centre. The Business Roundtable Institute for Corporate Ethics will be housed at the University of Virginia's Darden Graduate School of Business Administration. The BRT hopes to deflect criticism of CEO excesses by developing a business school ethics curriculum as well as train executives and conduct research. Ethics education and training are important elements in the creation of ethically sensitive business cultures. In a presentation on Jamaican Business Ethics, Dr. Michael Witter, senior lecturer and head of the Department of Economics at the University of the West Indies (UWI), said to understand business ethics, a clearer understanding...
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