To: Mr. Al Fedoruk, Baltimore Home Investments Ltd. From: Date: July 12, 2014 Subject: Controls issues, analysis, and recommendations for your business. With reference to our meeting of July 6th, based upon the information you provided regarding Baltimore Home Investments Ltd. (BHIL), and in light of the analysis to follow, it is evident that a myriad of control deficiencies was the root cause that enabled unscrupulous individuals to unlawfully wrest control of BHIL from you. In order to aid in the prevention of such a disaster occurring in the future, this memo will focus on detailing the control deficiencies, generating alternatives for future application, and evaluating the alternatives in preparation for providing …show more content…
Compounding matters, proper tone at the top, which helps shape organizational culture, was lost after your departure, with managers failing to serve as role models and the corporate belief system destroyed, the result of employees being led by unethical individuals unwilling to uphold key values (and causing employees confusion as to what values were important). Alternatives and Decision Criterion Solutions to these problems, not surprisingly, would involve strengthening company controls, primarily action, personnel, and cultural controls, and alternatives are plenty. Action control alternatives include: 1) implementing electronic links to processors’ files; 2) enforcing segregation of duties; 3) improving physical and administrative constraints; 4) creating and communicating a more detailed set of policies and procedures; 5) requiring two signatures on all checks; 6) obtaining more timely and extensive legal advice and strengthening any partnership and licensing agreements. Regarding personnel controls, consideration should be given to hiring a human resources specialist, and in order to affect results control, the hiring of an accounting professional as a controller should be considered. With respect to cultural controls, options include: 1) creating formal written codes of conduct and statements of mission and vision; 2) establishing a system of group rewards; 3) creating an
This is a formal complaint submitted to BHP/DCA against Frank Pinelli, Quantum Developers LLC (Developer) Condominium Association: Cedar Woods Condominium Association (Board) and Jim Polos, Midlantic Property Management.
The design and implementation and objectives of company controls are not adequate to meet the control objectives. The control environment control objective is ineffective. This control objective lacks a written policy on ethical conduct, is lacking oversight from the board of directors and audit committee, lacks a consistent style and philosophy from management, and lacks a strong commitment to competence. The risk assessment control objective is effective but lacks any antifraud program and controls. The information and communication control is ineffective. A virus has been detected and is affecting the files of the company. This control is lacking a strong IT department. The general controls financial reporting control objective is effective but is weak in detecting or preventing material misstatement. The monitoring control objective is ineffective; this control has need of an internal auditor.
The second aspect of management used to investigate the issue is Controlling. Control is a concern that is facing every manager in every organisation today. Many businesses continually look to improve relationships between all levels of staff in order for a healthy working environment. To effectively control a business the organisation requires information about
As the assistant superintendent for human resources, Ms. Olivia must consider factors beyond those analyzed during the strategic planning process. Since the plan is a multi-year plan, she must also forecast the future personnel needs using an algorithm that takes into account enrollment growth or decline, and personnel attrition. The projected personnel needs along with the strategic plan of the system and the organizational plans of the subunits of the system will allow Ms. Olivia and the planning committee to develop relevant and efficient policy recommendations for the superintendent to present to the board.
It is no surprise to me that many that live in impoverished communities will be kept incarcerated while awaiting trial for weeks, months, or even a year because they were unable to afford their bail. Like most cities, the City of Baltimore relies primarily on financial conditions of release, or money bail; however, unlike most cities, Baltimore relies on the authority of the bail commissioner to set bail for those charged with a crime, or releasing them on their own recognizance.
In a response to the strengths, weaknesses, opportunities and threats to the organization, several alternatives should be considered in strategizing the best way to increase the wealth of the organization.
Human resources: this is needed in the business and is also monitored because if someone isn't doing his/her work correctly then they are likely to be replaced with someone that is better. If the business is to expand then the business needs to employ staff with certain ability that will benefit their business.
| |A. |[pic]|provide feedback by comparing results with plans and by highlighting deviations from plans |
Where the HR function is large, there would typically be a HR Director within the structure that works with the other top level executives to analyse the organisation in order to determine and plan its staffing needs to achieve the long term goal and strategic aims. It is at this level where other options should be explored to determine the actual need to recruit as there may be other options for the organisation such as job redesign. The area of staffing falls within the HR function where the recruitment and selection of human resources for the organisation is carried out. On selection, Recruitment advisors are involved in developing and administering methods that enable managers to decide lawfully which candidates to select and which to reject for the given jobs.
On January 20, 2006, Sucklal and Ella Louise Smith (“Smith”) purchased property located at 8511 Autumn Grain Gate, Laurel, Maryland 20723 (“the Property”). The deed was recorded on January 25, 2006. Sucklal and Smith held the property as tenants in common. Sucklal and Smith financed the purchase of the property, in part, with a loan in exchange for a note in the amount of $530,100.00, secured by a lien on the property. Freemont Investment & Loan was the originating lender for the mortgage. Through a series of conveyances, the note transferred through Avelo Mortgage and MTGLQ Investors, LP, and the note is currently held by Goldman Sachs Mortgage Company (“GSMC”). Ocwen Loan Servicing LLC (“Ocwen”) services the loan on behalf of GSMC.
Currently, Jeffery McBain owns 7% of Brunswick Investments Limited and all of his earnings that come out of the corporation are taxable personally. If he were to establish a holding company Jeffery would be able to defer personal taxation on the dividends received from Brunswick while also providing income splitting opportunities with his wife.
Due to skills shortages in this sector we put many hours into resource and talent planning. Within the HR team we have a Recruitment Administrator who deals with all of our recruitment needs right through to the selection process.
Q1. What are the built-in tensions with a public private equity firm? How does Blackstone 's structure attempt to reconcile them?
The solution to these problems can only be attained by rethinking the whole organizational structure and management style.