Your instructor may opt to have you and your co-managers do a presentation at the end of the simulation (or possibly even at some point during the simulation). Typically‚ the audience for such a presentation is your company’s board of directors and/or shareholders (with your instructor‚ invited guests‚ and other class members assuming the roles of board members and/or shareholders). Your instructor will clarify whether the context of your presentation will be a meeting of the company’s board of directors
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ETH/376 Accounting Ethics and Professional Regulations Week One Assignment – AICPA Code of Professional Conduct AICPA Code of Professional Conduct The AICPA Code of Professional Conduct represents the principles that “are based on the values of the profession and the traits of character that enable CPA’s to meet their obligations to the public” (Mintz & Morris‚ 2011). The AICPA Code of Professional Conduct has six essential principles to guide them in the performance of their profession
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Risks and Loyalties As Markham was summoned into the conference room to begin his presentation to the board of the state pension fund‚ he was wrestling with whether or not to raise the liability issue. He knew there were risks either way. There was the risk that his client would choose to take their business elsewhere if he told them what he believed to be the fund’s financial reality. Furthermore‚ such a move would not only result in lost business‚ but would likely be interpreted as disloyalty
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Does the company have an ethics policy? Conflicts of Interest Nordstrom values fair and honest dealings with their customers‚ coworkers‚ suppliers‚ competitors and other business partners. Directors are expected to uphold these values by avoiding conflicts of interest. Conflicts of interest also may arise when a Director‚ or a member of his or her family‚ receives personal benefits such as gifts as a result of his or her position as a Director with Nordstrom. Directors should use good judgment
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The decision for Samuel Firestone 250766441 Joanne (jiayi Xu) Samuel Firestone is a member of the board of directors of Lakeland Mining Corp. Because of a drastic tension between CEO—Peter Sevko‚ and chairman of the board-- Philip Scott.‚ Firestone as a key member of the board needs to figure out who he wants to support. This decision is related to some problems which also need to be thought about. First‚ the decision is about whether to support chairman’s
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To: Bill Chernish From: Andrew Cury Date: April 20‚ 2012 Subject: Tyco Case Study Tyco’s problem was a result of top executives and members of the board not overseeing what was legal and what wasn’t within their company. CEO’s Kozlowski and CFO Swartz failed to disclose millions of dollars of low interest and interest free loans they received from Tyco. The executives unethical behavior resulted in shareholders benefits being written off which ended the company going into a massive debt
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Executive Pay: Who should decide? In a recent editorial in the Seattle Times‚ the editors complained that the executives of a public company‚ Simon Property Group‚ should have their salaries determined by the shareholders. Among the many things wrong with this piece is first‚ how do shareholders know anything about the performance of the executives in question? They don’t. They don’t work beside them on any kind of basis. They do not know what kind of challenges the company faced and whether the
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Corporate Compliance Answer Book.book Page 29 Thursday‚ June 17‚ 2010 4:20 PM 2 Implementation of Effective Compliance and Ethics Programs and the Federal Sentencing Guidelines Steven D. Gordon* How should a company go about designing and implementing a compliance program? While other chapters address the specifics of compliance programs in particular industries‚ this chapter considers issues relating to designing and implementing compliance and ethics programs generally. The biggest influence
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The first important term of the Will is the first line. This sentence is called the exordium clause. This clause revokes all prior Wills‚ which means that this is your final Will. Because of this‚ you should discard any Wills that have been drafted prior to this Will. Additionally‚ this clause also states that you live in Illinois. Therefore‚ this clause informs the executor that Illinois law has jurisdiction over your Will. The next important term is Article 1. This Article identifies your marital
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As with any business‚ their primary purpose is to make money and grow the business for everybody to prosper from. This makes a very delicate struggle between appeasing stockholders and satisfying customers and for the business to determine which side is more important.As stated in the case study the actions taken by Johnson & Johnson were well received by consumer advocates and physician groups within the United States‚ but there was considerable grumbling among financial analysts and fund managers(Hosmer
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