Unethical Business Practices in the Food Industry Business Ethics According to Wikipedia‚ the definition of conscience is: “Conscience is an ability or a faculty that distinguishes whether one ’s actions are right or wrong. It leads to feelings of remorse when one does things that go against his/her moral values‚ and to feelings of rectitude or integrity when one ’s actions conform to our moral values. It is also the attitude which informs one ’s moral judgment before performing any
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neither an employee of the company nor is in any manner engaged in the day-to-day affairs of the company. Independent Director means a director who is non-executive and is not connected with the company or its promoters or directors through any business relationship‚ but may be distantly related to the family owners. Non-executive directors have responsibilities in the following areas: * Strategy: Non-executive directors should constructively challenge and contribute to the development
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REAL ESTATE BROKERAGE PRACTICE PROBLEMS and CASES Title of the Case REAL ESTATE BROKERAGE PRACTICE PROBLEMS and CASES Sales Agents and Commission Time Context Current RESA GM E.g. If Percentage
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Unethical Practices and Behavior in Accounting The Sarbanes-Oxley Act of 2002 (SOX) was created to prevent fraudulent financial activities‚ and to provide investors with more accurate financial resources on corporations. Under SOX‚ companies are held accountable if they fail to maintain the requirements that were set forth in the act. The act requires companies to maintain satisfactory internal control measures‚ provide responsible financial reports‚ disclose periodic reports‚ and establish rules
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Unethical Practice and Behaiors in Accounting Byron Nelson February 11‚ 2013 ACC/290 U. Peter Wueger University of Phoenix Introduction Unethical practices and behaviors in accounting can be attributed to a variety of circumstances. Greed‚ opprotunity‚ disconnection‚ and ignorance can be said to be the primary root issues behind these practices. In an effort to prevent these practices former U. S. Senator Paul Sarbanes and former U. S. epresenative Michael Oxley drafter legislation that
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1. GlaxoSmithKline settlement: $3 billion year: 2012 http://www.huffingtonpost.com/dana-radcliffe/a-drugmakers-ethical-mist_b_1729002.html http://www.sciencebasedmedicine.org/gsk-pays-3-billion-fine/ http://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?_r=0 The pharmaceutical giant and British drug maker‚ GlaxoSmithKline‚ has agreed to plead guilty and pay the government three billion dollars in a health care fraud settlement bought by the
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Unethical Credit Card Practices The ethics of credit card companies has to be in question. They are one of the few businesses that can change the rules on you and there is currently nothing you can do about. The credit industry is not your friend. They want to get you to borrow money from them and to keep you in debt for as long as possible. This way they have a constant flow of revenue through the interest payments‚ late charge fees and over the limit fees. They have many practices and charges
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Ratan Tata: The Business Leader Barely a decade and a half ago‚ when Ratan N Tata took over as chairman of Tata Sons‚ the holding company of the Tata Group‚ people in the markets and in management circles dismissed him as a person of no consequence. When he sold off Tata Oil Mills Company in 1993 people said he had no stomach for competition. When he exited ACC‚ India’s leading cement company‚ people said he was frittering away his heritage. When he decided to build India’s first indigenous
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Mark Juvir G. Ampong Prof. Virginia M. Bautista GSR 101-3F F- 11am-2pm Question number 8 : Do you think an organization should adhere to different philosophies of corporate social responsibilities when confronted with different issues‚ or should its philosophy always remain the same? Explain.
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TATA steel strategy was to integrate the value chain of steelmaking to aid the growth of Asia’s bubbling construction economy. When presented with the opportunity (financially the government policies made it easier) to gain access to the other markets‚ they later acquire CORUS which was an established name in Europe‚ but were not cost effective in their operations (Tarun Khanna‚ Krishna G. Palepu and Richard J. Bullock‚ 2009). This acquisition provided them the right synergy by combing the low cost
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