Assignment #4 : King Jewels : Ethical Leadership in Practice Discuss how the leadership style may have contributed to unethical behavior. In the world of greed‚ I think people tend to forget what the words leadership mean. Leadership means being a good role model for your peers‚ being able to guide‚ lead and direct them in the right direction. In the case of King Jewels Clement Tam failed to do so because he let his power take over he responsibility to be a great leader for the company
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Spiceland‚ Sepe and Tomassini (1992). Intermediate Accounting‚ 4th Edition‚ New York McGraw-Hill Book Company. Unegbu C.K.(2004). Corporate Governance in Banking and other financial institutions. Lagos‚ Nigeria: CIBN Press JOURNALS Anderson G. and M. Orsagh (2004)‚ “The Corporate Governance Risk”‚ Electric Perspectives‚ 29(1)‚ p 68. Ofoegbu‚G‚ E‚ Okoye (2006). The Relevance of Accounting and Auditing Standards in Corporate Financial Reporting in Nigeria‚ The Nigerian Accountant‚ October/December
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Trompenaars’s Dimensions Universalism vs. Particularism Universalism is the belief in: rules or laws that can be applied to everyone; agreements and contracts are used as the basis for doing business; rules are used to determine what is right; contracts should not be altered. Particularism is the belief in: placing emphasis on friendships and looking at the situation to determine what is right or ethically acceptable deals are made based upon friendships; agreements are changeable;
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PEARSON (pages 169-171) Mandatory reporting refers to a legal requirement to report an act‚ event‚ or situation that is designated by state or local law as a reportable event all states mandate the reporting of certain vital statistics such as births and deaths many states require reporting of abortions and neonatal deaths federal and states laws mandate the reporting of communicable disease‚ including venereal diseases http://library.ahima.org/xpedio/groups/public/documents/ahima/bok1_023186
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Case 5: Arthur Andersen: Questionable Accounting Practices April 28‚ 2012 Case 5: Arthur Andersen: Questionable Accounting Practices Describe the legal and ethical issues surrounding Andersen’s auditing of companies accused of accounting improprieties. Arthur Andersen LLP (Andersen) was involved with several legal and ethical issues regarding several of their clients being accused of accounting improprieties. Andersen may not have been directly involved with most of these improprieties;
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Ethical Issues in Managerial Accounting HSBC ethical and legal scandal Overview HSBC is one of the largest financial institutions in the world‚ with over $2.5 trillion in assets‚ 89 million customers‚ 300‚000 employees‚ and 2011 profits of nearly $22 billion. HSBC has operations in over 80 countries‚ with hundreds of affiliates spanning the globe. Its parent corporation‚ HSBC Holdings‚ called “HSBC Group” is headquartered in London. Its key U.S. affiliate is HSBC Bank USA N.A. (HBUS)
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involved in accounting fraud. It exaggerated accounts for loan‚ land and its warehouse receipts in its public offering financial statements for 2009. Also‚ its main subsidiary’s revenue was deliberately inflated according to powerful evidence. As a result‚ the CEO‚ Jacky Chun‚ was arrested because of irresponsibility of proper records on purpose‚ and some auditors related violated Professional Accounting Ordinance due to publicizing the annual reports with false information. This ethical issue connects
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focuses on the cultural dimensions of business executives. 1. Universalism vs. Particularism (What is more important‚ rules or relationships?) Universalistic Countries: focus more on formal rules than relationships; believe that their ideas and practices can be applied worldwide without modification (Germany‚ UK‚ US) Particularistic countries: more emphasis on relationships than rules. Particularistic people believe that circumstances dictate how ideas and practices are applied. (China‚ Indonesia)
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Personality Dimensions Assignment 1. Create a table of the scores on your “Scoring my Personality Dimensions” totals sheet. | InquiringGreen | OrganizedGold | AuthenticBlue | ResourcefulOrange | Picture Cards | 1 | 4 | 3 | 2 | Life Values | 1 | 4 | 2 | 3 | At Work | 4 | 1 | 2 | 3 | In Relationships | 3 | 4 | 1 | 2 | Traits and Characteristics | 1 | 1 | 4 | 3 | Final Score | 10 | 14 | 12 | 13 | My Preferred StyleGold | My Secondary StyleOrange | My ThirdStyleBlue | My hadow/Least
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Dimensions of justice Zuckerman • The justness of a system of procedure depends on whether we can be reasonably confident in its ability to produce “correct” results in which the truth is ascertained. A system of procedure should also not compromise legal equality by imposing higher risks of error on one class of litigants. • Excessive delay and excessive haste may both compromise the rectitude of a decision. Delay in the execution of justice carries the additional harm of eroding the
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