Conflict Of Interest Policy

If board of directors decides to rectify previous frauds, they would investigate into the event, take appropriate legal action against people involved and disclose previous frauds with the previous and current year financial statements. If they decide to cover-up their fraudulent practices; they may warn me to stay out of this business or threaten to dismiss me. Both decisions would have differing effects on external stakeholders.

Presence of Board of Directors, Audit committee, Board’s compliance with the SEC’s Blue ribbon committee, independent and experienced board members, management’s oversight and audit committee’s annual review’s leaves very less room for opportunity for employee’s to commit any type of fraud and present misstated financial information.

Under ASCE bylaws, all ASCE members are required to comply with the Code of Ethics and to report any observed violations. The Committee on Professional Conduct (CPC) reviews and investigates complaints in accordance with its rules of procedure. If the CPC finds that an ethics violation has occurred and that disciplinary actions are appropriate, it will forward its recommendations to ASCE's Executive Committee or Board of Direction for a formal hearing on the

The duty of loyalty requires the fiduciaries to act in good faith and in what they believe to be the best interest of Chevron in lieu of their personal interest. Even if the committee finds enough evidence to support the complaint filed by Bezirdjian, the Board must bring the lawsuit against the alleged directors. If the committee does not pursue the investigation with impartiality and independence, the committee might be open to attacks regarding its objectivity in dealing with the directors under investigation and then they may not be protected under the business judgment rule. If this is the case, the court can reject the committee’s findings because the committee from the beginning was not truly independent and disinterested.

No cooperation credit if the organization does not provide all relevant facts concerning individuals responsible for the misconduct;

A conflict of interest often arises when an individual’s personal interests conflict with those of the Company.

Conflicts of Interest: Directors, officers and employees must avoid conflicts of interest. A conflict of interest occurs when an individual’s private interest interferes in any way, or even appears to interfere, with the interests of Domino’s Pizza, Inc. Any questions about a Director’s, officer’s or employees actual conflict of interest with the Company should be brought quickly to the attention of the Nominating and Corporate Governance Committee, which will review the question and determine an appropriate course of action.

(AU 561 – .09a) states that, “If the auditor has been able to make a satisfactory investigation of the information and has determined that the information is reliable: (i) The disclosure should describe the effect the subsequently acquired information would have had on the auditor 's report if it had been known to him at the date of his report and had not been reflected in the financial statements. The disclosure should include a description of the nature of the subsequently acquired information and of its effect on the financial statements. (ii) The information disclosed should be as precise and factual as possible and should not go beyond that which is reasonably necessary to accomplish the purpose mentioned in the preceding subparagraph (i). Comments concerning the conduct or motives of any person

Our employees are expected to follow and practice high ethical standards, and to avoid situations that create an actual or potential conflict of interest between the employee’s personal interests and that of Bulsho Group. A conflict of interest exists when the employees actions as are advise to Bulsho Group. Even that appearance of conflict of interest must be deterred. Bulsho Group may take Corrective Action process may be taken or may end your employment immediately upon violation. Conflicts of interests may include accepting money or access to potential suppliers and vendors of goods and services.

The researcher suffers the most from a discovered conflict of interest, as they are penalised for misconduct. The severity of the penalty reflects the misconduct, and can range from exclusion from a research project, retraction of research, or even the researcher’s dismissal5. The appropriate action is affected by the researcher’s scientific discipline, as each institution has different codes of conduct5.

• Increases possibility of conflict of interests between the members of committees with regards to policy, technology, and staffing of both companies,

The duty of loyalty for the board members revolves around the obligation of the executives to avoid any conflicts of interest. In case they become involved in such situations, they can be held accountable in front of the law; the application of the liabilities will depend on the nature of the situation and will depend from one instance to the other.

A potential agency conflict arises whenever the manager of a firm owns less than 100 percent of the firm's common stock. If a firm is a sole proprietorship managed by the owner, the owner-manager will undertake actions to maximize his or her own welfare. The owner-manager will probably measure utility by personal wealth, but may trade off other considerations, such as leisure and perquisites, against personal wealth. If the owner-manager forgoes a portion of his or her ownership by selling some of the firm's stock to outside investors, a potential conflict of interest, called an agency conflict, arises. For example, the owner-manager may prefer a more leisurely lifestyle and not work as vigorously to maximize shareholder wealth, because less of the wealth will now accrue to the owner-manager. In addition, the owner-manager may decide to consume more perquisites, because some of the cost of the consumption of benefits will now be borne by the outside shareholders.

7. Report of noncompliance: when instances of noncompliance are reported, board members and senior executives didn’t take appropriate action and ensure effective action through testing. For example, Simon Jones didn’t take into consideration some suspicious problem that he found out from Nick’s activities such as the 88888 account number and the missing of 7.89 billion yen. He believed everything Nick said without doing any check-up on him. Besides, all they care about is the bottom-line profit, so as long as Nick presented to them a huge amount of profit, then they were satisfied.

By virtue of section 5 of the SCA, no member of the Securities Commission shall hold full time office in any public listed company. In an effort to dispel even the remotest appearance of lack of impartiality or risk of conflict of interests, a member of the Securities Commission or any committee who has or acquires a direct or indirect interest in relation to any matter under discussion by the Securities Commission or any committee is required to disclose the existence of his interest and the nature hereof. Failure to disclose may render the affected member guilty of an offence and shall on conviction be liable to a fine not exceeding RM250,000 or imprisonment not exceeding five years or both.