...Corporate Compliance Report University of Phoenix Rite Aid Corporate Compliance Introduction The Rite Aid Corporation is one of the nation's leading drugstore chains with more than 5,000 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts. The Company serves the healthcare needs of its customers through its Rite Aid stores and online pharmacy, riteaid.com. Due to the breadth and scope of its businesses, the Company faces a wide range of competitive challenges including, but not limited to, other retail drugstore chains, supermarkets, convenience stores, pharmacy benefit managers and other mail order prescription providers, Internet pharmacies and ambulatory care health providers. A primary component of the Company's human resources strategy to ensure high caliber leadership is the identification, recruitment, development and placement of key management and business talent. The Rite Aid Board of Directors (the "Board") and executive management team believe that a crucial aspect of executing this strategy is a comprehensive, integrated and straightforward executive compensation platform that provides competitive and differentiated levels of pay based on corporate and individual performance while reinforcing the alignment of executive interests with those of stockholders. When a company is facing issues dealing with corporate compliance, implementing a system to deal with the compliance and corporate governance...
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...Running head: CORPORATE COMPLIANCE REPORT Corporate Compliance Report Corporate Compliance Report With so many corporate scandals and misappropriation of finances, the United States government has developed many laws and action agencies to aid in reducing the amount of corporate mishandlings. Regulatory legislation mandating a report on internal controls is now a corporate obligation. Risk management is a fundamental area of importance to stakeholders. Organizations that are best practice companies look to the Committee of Sponsoring Organizations for guidance to develop efficient internal controls, enterprise risk and against fraudulent activities. This paper will outline a plan to implement enterprise risk for an organization of choice. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) “is dedicated to guiding executive management and governance entities toward the establishment of effective, efficient, and ethical business operations on a global basis. It sponsors and disseminates frameworks and guidance based on in-depth research, analysis, and best practices” (COSO, 2006). COSO is a private-sector program funded and sponsored by five professional organizations. The Committee conducted an 11-year research study to analyze instances of fraudulent financial reporting and determine contributing factors that lead to financial statement fraud (COSO, 2006). COSO’s research demonstrated that most fraudulent behavior involved the chief...
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...CHAPTER 1 1.0 INTRODUCTION TM, the new brand identity for Telekom Malaysia Berhad was launched on 14 April 2005 by the Prime Minister of Malaysia, Yang Amat Berhormat Dato’ Seri Abdullah Haji Ahmad Badawi. This new brand is not a mere cosmetic change. It encompasses a real change to the way TM provides its services. The main emphasis of this transformation is to instill a customer service oriented culture amongst employees and will be reinforced with improvement in the quality of customer service provider. TM’s vision is to be the Communications Company of choice – focused on delivering Exceptional Value to its customers and other stakeholders. While, TM’s mission are determined by being recognized as a leader in all markets which it served; a customer-focused organization that provides one-stop total solution; building enduring relationships based on trust with its customers and partners; generate shareholder value by seizing opportunities in Asia Pacific and other selected regional markets; and being the employer of choice that inspire performance excellence. TM’s principal activities are establishing, maintaining and providing telecommunications and related services, has become Malaysia’s Number One provider of information communication technologies and has achieved a sustainable growth in both local and international markets. CHAPTER 2 2.0 PROFILE 2.1 Historical Background Milestones over two centuries are as follows: 1874 The telephone makes its debut...
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...Butterworth-Heinemann is an imprint of Elsevier Linacre House, Jordan Hill, Oxford OX2 8DP, UK 30 Corporate Drive, Suite 400, Burlington, MA 01803, USA First edition 2009 Copyright © 2009 Elsevier Ltd. All rights reserved No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the publisher Permissions may be sought directly from Elsevier’s Science & Technology Rights Department in Oxford, UK: phone (144) (0) 1865 843830; fax (144) (0) 1865 853333; email: permissions@elsevier.com. Alternatively you can submit your request online by visiting the Elsevier web site at http://elsevier.com/locate/permissions, and selecting Obtaining permission to use Elsevier material Notice No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloguing in Publication Data A catalog record for this book is available from the Library of Congress ISBN–13:...
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...Corporate Compliance Plan for Riordan Manufacturing University of Phoenix Riordan Manufacturing is a profitable plastics manufacturer with annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 company with revenues over $1 billion. The following are some of the products produced by Riordan Industries: plastic bottles, fans, heart valves, medial stents, and custom plastic parts (Virtual Organization, 2009). This compliance plan will state the company's legal responsibilities and regulations necessary to continue earning a profit. The plan will address the laws affecting the plastic industry and guidelines to ensure management and employees understand and obey the laws. The focus of the compliance plan will be on managing the legal liabilities of Riordan officers and directors. Riordan Manufacturing was started and founded by Dr. Riordan, a professor of chemistry. The company focused on research and development of plastic substrates. In 1992 the company purchased a fan manufacturing plant in Pontiac, Michigan. In the year 2000, the fan operation was moved to China. The corporate headquarters that include research and development is located in San Jose, California. Plastic beverage containers are produced in Albany, Georgia and custom plastic parts are produced in Pontiac, Michigan (Virtual Organization, 2009). The compliance plan will include an Alternative Dispute Resolution (ADR) to resolve a dispute, product liability to address...
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...Riordan Corporate Compliance Plan Learning Team B Veronica Garcia Maribel Rojas Lorena Soto LAW/531 July 23, 2012 Roger Rodriguez Abstract The use of university resources and materials allows teach team members to create Riordan’s Corporate Compliance Plan. In the compliance plan students address the lawful responsibility of Riordan’s executives and presents solutions to situations, which laws have been violated and consequently propose corrective actions. Moreover, the compliance plan study includes relevant information, which further discusses Riordan’s enterprise liability, real, and intellectual property, the governance principles of regulatory compliance as well as international laws or aspects of such that Riordan must adhere to. Riordan Corporate Compliance Plan Riordan’s corporate compliance plan is not only essential but also critical to be in compliance with rules and regulations. The main focus of a corporate plan is essentially to focus on how the lawful responsibility of the executives of Riordan will manage and address situations that may arise. The compliance plan will also focus on what decisions need to take position when laws are not in compliance, when legal council is important and will establish what rights employees have and who individuals may turn to when actions are taken against the organization. Riordan Manufacturing has executed a business fulfillment plan designed accordingly to the organization’s areas...
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...what will be changes for the future in regards to the upgrade to the model of “providing new guidance regarding monitoring, enterprise risk management (ERM), enhanced board oversight, and quantifying risk appetites for corporate America.” Lowengrub, Paul. (December 6, 2005). The Impact Of Sarbanes Oxley On Companies, Investors, & Financial Markets. In Sarbanes-Oxley Compliance Journal. Retrieved November 5, 2012, from http://www.s-ox.com/dsp_getFeaturesDetails.cfm?CID=1141. This source provides a snap shot of impact on companies from SOX . I wanted to use this for provided glimpse of what accounts were expecting 5 years later. It’s sort of a progression at intervals. McConnell, Donald K. Jr. and George Y. Banks . (September 2003 ). CPAs will have to develop new procedures and scrap some old ones. In How Sarbanes-Oxley Will Change the Audit Process. Retrieved November 5, 2012, from http://www.journalofaccountancy.com/issues/2003/sep/howsarbanesoxleywillchangetheauditprocess.htm. This source was opinioned at the time of when changes were being made. So this will be a good reference towards then feelings of what to expect over the future at that point in time. This will lead up to current expectations of what we now know. Tysiac, Ken. (July 2012). Section 404 has had profound impact on controls environment. . In Corporate governance best practices 10 years after SOX . Retrieved November 5, 2012, from...
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...Customer Relationship and Corporate Governance in Sustainability of Business Vinod Krishna U. Makkimane Sr.Faculty Institute of Business Management & Technology Banashankari 3rd Stage, Bengaluru. Sustainability is a dynamic concept born out of the environmental debate of the last quarter century. There is growing concern nationally and internationally about biodiversity and protection of plants and animals and community based activity. It is important to view sustainable efforts from global perspective that addresses socio-economic and environmental issues. Sustainable Development as a norm has been accepted in the literature ever since the publication of the Brundtland Commission report in 1987.The Brundtland Commission defined Sustainable Development as that which "meets the needs of the present without compromising the ability of the future generations to meet their own needs". A primary goal of sustainable development is to achieve a reasonable and equitably distributed level of economic well being that can be perpetuated continually for many human generations. It also implies using renewable natural resources in a manner that does not eliminate or degrade them, or otherwise diminish their usefulness for future generations. Sustainable development also requires depleting non-renewable energy resources at a slow enough rate so as to ensure the high probability of an orderly society transition to renewable energy sources. Mahatma Gandhi has observed long back that...
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...Advanced Corporate Finance [FN2] Examination Blueprint 2013/2014 Purpose The Advanced Corporate Finance [FN2] examination has been constructed using an examination blueprint. The blueprint, also referred to as the test specifications, outlines the content areas covered on the examination and the weighting allotted to each content area. This document also lists the topics, the level of competence for each topic, and the related learning objectives and competencies. The learning objectives have been designed to ensure that the competencies are met. In addition, information is provided on the proportion of each question type presented in the examination (that is, multiple choice, quantitative problems, and so on). Use Candidates should use the examination blueprint to prepare for the course examination. The blueprint may not include all the topics listed in the course materials; however, candidates are still responsible for acquiring a broad-based knowledge of all topics not listed in the blueprint since these topics will be tested in assignment and review questions. The topics not listed in the blueprint will also provide candidates with a greater depth of understanding of finance concepts. Examination Objectives The objective of the 4-hour comprehensive examination is to test CGA candidates on the prerequisite knowledge required for advancement into PA1 and PA2, so as to ensure that the candidates have the broad-based knowledge in finance needed to function properly in the association’s...
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...proven partner for innovative and exciting communication experiences delivered with passion, quality and commitment. Contents SLT at a glance 02 SLT’s year at a glance 05 About this report 07 Letter from the Group Chairman 08 Letter from the Group Chief Executive Officer 10 Board of Directors 12 Leadership team 18 Corporate governance 23 Risk management 34 Management discussion and analysis 38 Financial reports Annual Report of the Board of Directors on the affairs of the Company 86 Statement of Directors in relation to their responsibility for the preparation of financial statements 93 Audit committee report 94 Independent auditors’ report 97 Statement of profit or loss and other comprehensive income 98 Statement of financial position 99 Statement of changes in equity - Group 100 Statement of changes in equity - Company 101 Statement of cash flows 102 Notes to the financial statements 103 Ten year progress - Group 150 Value added statement 151 Investor relations 152 Portfolio of lands 154 Milestones 157 GRI index 158 Abbreviations 161 Notice of meeting 162 Form of proxy Enclosed Corporate information Inner back cover Sri Lanka Telecom is the pioneer communications provider to the Nation. We have over 150 years of expertise in ‘giving life to thought’, fulfilling the evolving dreams and aspirations of all Sri Lankans – from basic connectivity to the eclectic applications that distinguish the communications...
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...Corporate Governance Issues- Pre and Post financial Crisis By Unnikrishnan. P -ID No. 4317257 Session: Spring Year: 2013 Word Count: 1768 “Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society.” (Sir Adrian Cadbury, UK, Commission Report: Corporate Governance 1992). The concept of Corporate Governance (CG) in this corporate world has gained extra importance after the recent global financial crisis. Trading in the world has history of centuries and so do the existence of companies & business. The structure of company, its practices, the roles of key personnel, organizational behaviour, performance & goals got a new outlook in recent past when the collapse of Big firms such as Worldcom, Enron, Lehman Brothers etc. were witnessed despite their long history in business or their top ranking...
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...The purpose of this global sustainability report FY2014 is to evaluate whether the company provides clear information on their overall performances across the triple bottom line. The stakeholders and shareholders are interested to know how the company shapes and how they resolve social issues and environmental issues. This helps to raise corporate transparency which allow balanced and clear assessment of the company’s performance by stakeholders to facilitate corporate accountability. It also incorporates sustainability with useful data for identifying emerging issue and develops appropriate responses that helps protect corporate reputation and improve shareholder value. In this way, it helps a company to articulates its sustainability vision and strategy, and ensure that they are in line with company goals. Because the report includes the sustainability goals that the company wants to achieve, writing in the report ensure that the goals are clear and that they match with the company’s overall mission and vision. CapitaLand Limited has adopted GRI Global 4 Sustainability Reporting Guidelines in their sixth Sustainability Report and is an audited by an independent third party, Ere-S Pte. Ltd. specializing in business sustainability and provide independence assurance for this report. The report is based on GRI Global 4 Sustainability Reporting Guidelines, in accordance with the Core level requirements outlined in the G4’s reporting standards. This Report has successfully...
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...the various risks in the units’ key processes would be identified. Further, mitigating controls would be assessed based on the level of effectiveness of those controls. Internal audit act as an evaluator, or service provider and consultant throughout the audit engagement. However, because of ever increasing complex legal and regulatory obligations, cyber threats, increase in data volumes and other emerging risks, internal audit would need to update itself as a control function to assess the emerging risks. Also in the midst of the scandals plaguing the financial industry, it is crucial to focus on the growing clamor for “auditing culture”. This would require the internal auditors to develop quantitative and qualitative skills to assess corporate culture subjectively and objectively. This implies assessing the explicit and implicit behavior within the organizations and reinforcing the expected values and conduct in the organizations. Contents Abstract 5 Contents 6 Acknowledgement 7 List of Figures 8 List of Tables 9 Abbreviations 10 About Audit 13 Structure of Audit 13 Audit and Business Relationship 15 The Three Lines of Defense 15 About Internal Audit 19 International Professional Practices Framework 19 Internal Audit Methodology 20 Annual Audit Planning 20 Risk Assessment 21 Audit process flow 22 Audit Planning 22 Audit Initiation 22 Standard Processes 22 Part 1: Milestone 1.1 23 Part 2: Milestone 1.2 23 Business Process Narratives 23 Process Risk and Control Mapping...
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...Content Page Directors' report 1 Compliance with Code of Corporate Governance 7 Directors' responsibility and approval 25 Auditors' report 26 Statement of significant accounting policies 28 Profit and loss accounts 36 Balance sheets 37 Cash flow statements 38 Notes to the financial statements 39 Statement of value added 73 Five-year financial summary 74 Financial risk analysis 78 DIAMOND BANK PLC Directors' Report For period ended 31 December 2011 The directors present their annual report on the affairs of Diamond Bank Plc (“the Bank”) and its subsidiaries ("the Group"), together with the financial statements and auditors' report for the period ended 31 December 2011. a. Legal Form The Bank was incorporated in Nigeria under the Companies and Allied Matters Act 1990 as a private limited liability company on 20 December 1990. It was granted license on the 15 March 1991 to carry on the business of commercial banking and commenced business on 21 March 1991. The Bank converted into a Public Limited Liability Company on 28 February 2005. The Bank’s shares were listed on the 27 May 2005 on the floor of the Nigerian Stock Exchange by way of introduction. b. Principal Activity and Business Review The principal activity of the Group continues to be the provision of banking and other financial services to corporate and individual customers. Such services include granting of loans and advances, corporate finance and money market activities. At the start of the period...
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...Term paper on Organization Design and Development Topic: Organization is like a child and it requires continuous nurturing. Prepared for: Md. Musharrof Hossain Course Instructor, MBA Program, School of Business United International University Prepared by: Name Nahid Akter Nupur Ayesha Chowdhury Trisha Riaz Ashekin Joty Fahmida Mahbub Preyanka Dey ID. No. 112 122 009 112 123 039 113 122 006 112 122 022 112 122 003 MBA Program, School of Business United International University Date of Submission: March 22, 2014 To Md. Musharrof Hossain Course Instructor School of Business United International University Subject: Submission of term paper on ― “Organization is like a child and it requires continuous nurturing” Dear Sir, We are the students of MBA department and eager to submit our term paper on ― Organization is like a child and it requires continuous nurturing, as a requirement for the course of Organization Design and Development (HRM 636). We would like to inform you that we took great pleasure in preparing this term paper. We have worked hard, concentrated on our work and tried level best to prepare this term paper. We have gained a lot of knowledge while preparing this term paper and enjoyed it. We tried to submit the term paper within specific time period and we apologize for any possible mistake. We are looking forward to get your kind acceptance of this term paper. Yours’ sincerely, On behalf of the group: Riaz Ashekin Joty ID# 113122006 ...
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