Introduction Beginnings News Limited, owned by News Corporation of Australia, started as a single afternoon newspaper called The News in 1954 (News Corporation 2012). Newspaper publishing remained its primary line of business. It has published more than 100 metropolitan, regional, and suburban newspaper titles, including the national daily named The Australian. In addition to newspaper publishing, News Limited has embarked in online and data services, pay television, film and television production, magazine publishing, music and sports entertainment (News Corporation). Statement of Corporate Governance News Corporation's Board of Directors establishes the company's broad policies for the Company and its controlled entities, called the Group (News Corporation 2012). It steers the direction of the Group and manages it according to the interests of the stockholders. Corporate governance is the responsibility of the Board. Its Directors are elected annually by the majority and hold office for a year or when succeeded. They are independent directors," as required by the Securities and Exchange Act of 1943. Based on relevant facts and circumstances, the Board makes an independence determination and reviews all determinations at least once a year. The Board establishes and maintains the most effective leadership structure. Qualifications of candidates for Board directorship include education and background, leadership ability, general business experience and familiarity with
1. Financial Publics: The Company’s Board of Directors, which is elected by the stockholders, is the ultimate decision-making body of the Company, except with respect to matters reserved to the stockholders. The Board selects the Chief Executive Officer and other senior executives of the Company, who are charged with directing the Company’s business. The primary function of the Board is oversight—defining and enforcing standards of accountability that enable executive management to execute their responsibilities fully and
I thought your discussion post this week was great. After looking at exercise 4-4 I completely agree with you that using PRN nurses and working with float nurses is such a smart idea. Decreasing discharge teaching time like the manager wants to do on the unit is unsafe and unethical to patients. The nurses on the unit are doing their part by providing excellent patient care, but reducing education can lead to dangerous outcomes for patients in the long run. Provision 3 of the ANA Code of Ethics (ANA, 2015) states that nurses should promote, advocate, and protect the rights, health, and safety of every patient. By implementing your proposed thoughts I really do believe wait times and patient satisfaction could certainly improve. There are always
In 1996, former President Bill Clinton signed the Personal Responsibility and Work Opportunity Act (PWORA), which brought reform to the welfare system. Under this act, Aid to Families with Dependent Children (AFDC) was replaced with Temporary Assistance for Needy Families (TANF). The enactment of this new program brought about several changes, including transferring the responsibility of welfare from the federal level to the state level, disentitlement to public assistance, and the implementation of work requirements to receive aid (Karger and Stoesz, 2014, p. 228). As social workers, it is important to understand this act and how it fits into our professional goals. While TANF does reflect many of the standards put in place by the National
Common stockholders are the basic owners of a corporation, but few stockholders of large corporations take an active role in management. Instead, they elect the corporation’s board of directors to represent their interests. Board members seldom get involved in the day-to-day management of the company. They establish the basic mission and goals of the corporation and appoint
* The control of the corporation is managed by an elected board of directors. The officers in the company normally have to be approved by the board of directors before they are offered a position to lead the company.
Military social workers are faced with unique challenges, as they have to not only follow the NASW Code of Ethics, but also the mission of the military. A social worker faced with this scenario has an ethical dilemma, as it involves the ethical issues of self-determination, as well as privacy-confidentiality. According to the NASW Code of Ethics, social workers encourage clients’ self-determination and help improve clients’ abilities and opportunity to change and to address their own needs (2008). The social worker in the scenario is faced with another dilemma, if they report the drug use will this cause harm to the client.
The APA code of ethics general principles intent is to guide and inspire psychologist toward the highest ethical standards of the profession. The five basic principles are beneficence and nonmaleficence, fidelity and responsibility, integrity, justice, and respect for people’s rights and dignity.
All psychologists including those in the field of research are obliged to abide by the APA Ethics Code standards. Therefore, I agree that they should be held accountable for manipulations, falsification of data, and plagiarism to favor their studies. These actions violate the various standards of the aforementioned code: 5.01 (Avoidance of False or Deceptive Statements), 8.10 (Reporting Research Results), and 8.11 (Plagiarism). Violations of this kind should be penalized by law as the standards are enforced by law. Psychologist researchers, who discover flaws in their published studies, should take steps to amend their faults by publishing other articles, (APA, 2010).
In large corporations the success or failure of the company is the responsibility of the board of directors. According to Richard DeGeorge, “The members of the board are responsible to the shareholders for the selection of honest, effective managers, and especially for the selection for the CEO and of the president of the corporation.” (p. 202). The board members have a moral responsibility to ensure the corporation is run honestly, in respect to its major policies, and to ensure the interests of the shareholders are satisfied. The next responsibility within a corporation is the responsibility management has to its board of directors. DeGeorge writes, “It must inform the board of its actions, the decisions it makes or the decisions to be made, the financial condition of the firm, its successes and failures, and the like.” (p. 202). The management of the corporation is morally obligated to
Bank of America is one of the largest banks in the nation. It is a multinational company and it is recognized by its high revenue value. Unfortunately, Bank of America has endured many complaints and harsh views regarding their lack of ethics. Ethical issues occur when there is a blatant disregard to implement integrity, trust, and responsibility. In some financial institutions, ethical matters are displayed in the way the consumers are treated. Within the past nine years, Bank of America has diminished all of their ethical promises by revealing customer information without their permission; discriminating against consumers based on their race; and manipulating overdraft fees in order to benefit the bank. In order to assess these problems, it is vital to recognize what Bank of America claims to stand for and determine where their most concerning issues are generated from.
Joshua Kennon (2007), stated that “The board of directors is the highest governing authority within the management structure at any publicly traded company and is usually made up of the directors who are elected for a specific number of years by the shareholders”. According to Wikipedia,” A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization”.
The code of ethics and conduct is a written set of rules and regulations that provides guidance to employees of an organization on how to conduct themselves and carry out their duties in line with the organization’s principles. The code of ethics and conduct is also be backed up by suitable disciplinary actions. A code of ethics and conducts helps employees deal with ethical issues and other gray areas that they face as they execute their daily activities. An effective code of ethics and conduct is required for an organization to run smoothly and maintain a positive image. Having an ineffective code of ethics and conduct is almost like having none.
The Radio-Television News Directors Association, wishing to foster the highest professional standards of electronic journalism, promote public understanding of and confidence in electronic journalism, and strengthen principles of journalistic freedom to gather and disseminate information, establishes this Code of Ethics and Professional Conduct.
D. How companies in the publishing industry are adjusting their strategies to cope with today’s challenges
Corporate Governance refers to the way a corporation is governed. It is the technique by which companies are directed and managed. It means carrying the business as per the stakeholders’ desires. It is actually conducted by the board of Directors and the concerned committees for the company’s stakeholder’s benefit. It is all about balancing individual and societal goals, as well as, economic and social goals. Corporate Governance is the interaction between various participants (shareholders, board of directors, and company’s management) in shaping corporation’s performance and the way it is proceeding towards. The relationship between the owners and the managers in an organization must be healthy and there should be no conflict between the