1. Why did Congress enact the Sarbanes-Oxley Act? What are the major provisions and benefits of the Act?
Congress enacted the Sarbanes-Oxley Act in order to protect investors. This was done by improving the accuracy and reliability of corporate disclosures made by in accordance with the securities laws.
2. What is crisis management? Describe the four stages of the crisis management process and possible conditions, strategies, and tactics that an organization may experience or consider at each stage.
Crisis management is defined by the process by which a business or organization deals with a sudden emergency situation in order to protect the business, stakeholders, and the general public. The four stages are:
• Prodromal Stage: a pre-crisis …show more content…
The offer a program called “Breakfasts for Better Days: Hunger Relief Initiative” and with this they have vowed to deliver over half a billion breakfasts world wide by the end of this year.
4. What are the performance benefits of social responsibility? Outline the benefits to investors, customers, and employees.
One benefit is that companies are almost always at their best when they are socially responsible. One of the obvious benefactors is the community. The company is there to help the community in which it is located, and in return they help the company back by providing a customer base.
5. How can a strong compliance program act as a buffer to keep employees from committing crimes and protect the company’s reputation? What are the key elements of the program?
They can keep the company safe regarding federal regulations and laws. With a strong company, they should have a team who is able to focus on these regluations and laws like the SEC. They will be able to effectively see if the company is implementing this throughout the who …show more content…
In order for you to keep the diversity in the work place and to make it run smoothly between all of the employees, there needs to be someone in charge of this to make sure it is happening. Once this is done, affiliation will be made between the employees and then you can give out a type of reward once the company starts working better.
8. What is an ethical issue? Describe four categories of ethical issues and provide examples of specific situations that may occur within each category.
Ethical issue is a problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right or wrong. Four categories of ethical issues are:
• Diversity Issues: discriminating an employee or customer based on race, gender, age, or religion.
• Decision making Issues: Protecting employees and customers rights, making sure all business operations are fair and just, protecting the common good and making sure individual values and beliefs of workers are protected
• Compliance and Governance Issues: Breaking laws and regulations by not following policies and procedures.
• Fundamental Issues: Not being honest about your business and trying to make it look better on paper than what it is actually
Congress enacted the Sarbanes-Oxley Act in order to protect investors. This was done by improving the accuracy and reliability of corporate disclosures made by in accordance with the securities laws.
2. What is crisis management? Describe the four stages of the crisis management process and possible conditions, strategies, and tactics that an organization may experience or consider at each stage.
Crisis management is defined by the process by which a business or organization deals with a sudden emergency situation in order to protect the business, stakeholders, and the general public. The four stages are:
• Prodromal Stage: a pre-crisis …show more content…
The offer a program called “Breakfasts for Better Days: Hunger Relief Initiative” and with this they have vowed to deliver over half a billion breakfasts world wide by the end of this year.
4. What are the performance benefits of social responsibility? Outline the benefits to investors, customers, and employees.
One benefit is that companies are almost always at their best when they are socially responsible. One of the obvious benefactors is the community. The company is there to help the community in which it is located, and in return they help the company back by providing a customer base.
5. How can a strong compliance program act as a buffer to keep employees from committing crimes and protect the company’s reputation? What are the key elements of the program?
They can keep the company safe regarding federal regulations and laws. With a strong company, they should have a team who is able to focus on these regluations and laws like the SEC. They will be able to effectively see if the company is implementing this throughout the who …show more content…
In order for you to keep the diversity in the work place and to make it run smoothly between all of the employees, there needs to be someone in charge of this to make sure it is happening. Once this is done, affiliation will be made between the employees and then you can give out a type of reward once the company starts working better.
8. What is an ethical issue? Describe four categories of ethical issues and provide examples of specific situations that may occur within each category.
Ethical issue is a problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right or wrong. Four categories of ethical issues are:
• Diversity Issues: discriminating an employee or customer based on race, gender, age, or religion.
• Decision making Issues: Protecting employees and customers rights, making sure all business operations are fair and just, protecting the common good and making sure individual values and beliefs of workers are protected
• Compliance and Governance Issues: Breaking laws and regulations by not following policies and procedures.
• Fundamental Issues: Not being honest about your business and trying to make it look better on paper than what it is actually