An Assignment of Business Ethics & Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3‚ 2009‚ marked the 25th anniversary of the world’s worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltd’s (UCIL) pesticide plant in Bhopal (Madhya Pradesh‚ India). The tragedy that instantly killed more than 3‚000 people and left thousands injured and affected for life‚ occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610
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CAPITAL MARKET AUTHORITY CORPORATE GOVERNANCE REGULATIONS IN THE KINGDOM OF SAUDI ARABIA Issued by the Board of Capital Market Authority Pursuant to Resolution No. 1/212/2006 dated 21/10/1427AH (corresponding to 12/11/2006) based on the Capital Market Law issued by Royal Decree No. M/30 dated 2/6/1424AH Amended by Resolution of the Board of the Capital Market Authority Number 1-10-2010 Dated 30/3/1431H corresponding to 16/3/2010G English Translation of the Official Arabic Text Arabic
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Organizational culture can be defined as the system of attitudes‚ beliefs and values that are collectively expressed in support of organizational structure. Organizational culture is a pattern of shared basic assumptions that dictate the behavior of individuals within an organization. Culture determines which practices are appropriate and which are not‚ effectively developing standards‚ guidelines‚ and expectations for individuals within an organization. Although they work hand in hand‚ there
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High Court Ruling Only Tweaks Sarbanes-Oxley Act Article Review Calvin Fritz LAW/421 August 5‚ 2013 Instructor Nadia Bishop High Court Ruling Only Tweaks Sarbanes-Oxley Act Article Review The Supreme Court made a ruling in Free Enterprise Fund vs. PCAOB saying that Sarbanes-Oxley (SOX) will remain “fully operative as law” with the exception that The Securities and Exchange Commission will be able to remove at will members of the Public Company Accounting Oversight Board. Previously they
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Corporate governance broadly refers to the mechanisms‚ processes and relations by which corporations are controlled and directed.[1] Governance structures identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors‚ managers‚ shareholders‚ creditors‚ auditors‚ regulators‚ and otherstakeholders) and includes the rules and procedures for making decisions in corporate affairs. Corporate governance includes the processes through
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long period of time. First we have Freddie Mac and Fannie Mae taken over by the US Treasury‚ which is one major event contributing to the subprime mortgage crisis. Then we have the bankruptcy of Lehman Brothers which Mamudi (2008) reported to be one of the largest bankruptcy filing in US history with Lehman holding over $600 billion in assets. Then we have the collapse of investment bank Bear Stearns‚ the bailout of AIG and the near-bankruptcy of the country Iceland. In 2007‚ many banks in US and
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Law‚ Ethics‚ and Corporate Governance – LEG 500 Explain if it matters that a parent literally had nothing to do with a biological child in order for the child to take advantage of the Family and Medical Leave Act (FMLA) to care for that parent. Under the Family and medical Leave Act (FMLA)‚ a child can take care of their biological parent. This is even true even if that parent literally had nothing to do with the child growing up. The Family and Medical Leave Act (FMLA) provides an
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Working Title: * The Effects of Regulatory Responses to the Recent Corporate Failures Aim: I. To consider if the responses to the recent corporate failures are yielding the desired results. Background: 1. The development of Bretton Woods and Glass Steagull Agreements were in response to post WWII financial crisis. 2. The Cadbury Report came about as response the financial crisis of the 90s. 3. Following the Cadbury Report was the Greenbury Report which was advanced to curb
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The Rise and fall or Lehman Brothers Introduction The Lehman Brothers‚ an investment bank dating back to 1850‚ filed for bankruptcy in 2008. An institution that managed to survive the Great Depression‚ two world wars and even all calamities in more than 158 years is no longer in business. On September 15th 2008‚ the Lehman Brothers‚ which was once know as one of the biggest investment banks‚ provided that it was going to file for bankruptcy protection (Mamudi). This news was received by the
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responsibilities. Moreover‚ governance is the board’s legal authority to exercise power and authority over an organization on behalf of the community it serves (BoardSource Staff). It is the job of the board to establish a foundation for the organization at hand and is authorized to make decisions that will affect that organization. Finally‚ there are four types of governance models the board can adhere to including; the traditional model‚ the corporate model‚ the policy governance model‚ and lastly the
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