Recommendations For Bhp Billiton

When it comes to the organization structure the individual is subordinate to the organization structure. The minority is subordinate to the majority, the entire membership is subordinate to the honorable Chairman and his executive staff. Whoever shall violate this article of the organization unity and will be dealt within the fashion as an enemy of the people. We have witnessed what comes from total unity& discipline. If we are to become a power to be reckoned with we must take on the concept of that organization everyone has a responsibility, Everyone must endure their share; for we make up the organization as a group of individuals who have come together as a collective whole...

Corporate governance in itself has no single definition but common principles which it should follow. For example in 1994 the most agreed term for corporate governance was “the process of supervision and control intended to ensure that the company’s management acts in accordance with the interest of shareholders” (Parkinson, 1994)1. Corporate governance code is not a direct set of rules but a self-regulated framework which businesses choose to follow. This code has continued to change in the past 20 years in accordance with what is happening in the business world. For example the Enron scandal caused reform in corporate governance with the Higgs Report which corrected the issues which were necessary. Although it does not quickly fix problems, it gives a better framework to

It is often recommended for (HCO)’s to have a corporate compliance plan to be more efficient, reduce errors, and not have small errors turn into large errors. As (OIG) it’s a necessary and fundamental need to incorporate a corporate compliance plan to have for staff and management to stay organized and lessen the chance of fraud, waste, and abuse in the company. Stated by, (Cleverly, Song, & Cleverly, 2011), it is effective only if it includes management support, effective communication, continuous monitoring, and individual accountability. All these aspects are a continual monitoring requirement as long the corporate compliance is in place for the duration.

I see myself as a potential asset to such companies who require meticulous adherence to rules and regulations. The hierarchical nature of such institutions will enable me to instill a sense of support and belonging to other employees within the organization. Since, I have dedicated the

As the shareholder of Samarco, the disaster damaged BHP 's reputation and benefits. BHP needs to prepare huge funds for the clean-up bill, potential fines and compensation for those injured or killed people. In stock market, BHP took a beating in trade after the disaster. BHP fell 5.7 per cent in London and grappled with the lowest iron prices in a decade. The exact cause of the burst dam is unclear because the investigation is still continuing. However, a 2013 assessment by the independent Brazilian organisation highlighted concerns about the integrity of the tailings dam and recommended against renewing the licence which was ignored by Samarco (Ricardo, 2016). people have doubted that whether other tailings dams of BHP around the world is structurally sound and raised eyebrows about how they manage the risks at other operations. The disaster raised the suspicion of dependability of tailings dams at other mines owned by BHP. Besides, this disaster reminded people of past failures including the collapse of the BHP Ok Tedi tailings dam in the late of 20st century which is also considered as one of the worst environmental disaster (3). More and more people begin to criticize the operation way of BHP and lose the confidence for BHP due to their failure of diligence responsibilities. The following paragraph on this essay will discuss and analyze whether BHP’s behaviour is ethical or unethical through shareholder and stakeholder theories.

he possibility of default, Debt Service Coverage Ratio plays a key role in evaluating the company’s liquidity and capacity to repay. In general, it is calculated by:

Employees are expected to conduct business transaction in a fair and honest manner with the company’s customers, suppliers and competitors. There should be no deceitful business dealings taking place that would be an unfair advantage to the consumer by concealing or manipulating facts of the transaction.

However, they are also its greatest risk. Additional surveillance over employees is essential when it comes to engaging in risky activities. BHP Billiton’s employees did not receive proper training. Training is a preventive control to combat high-level inherent risk activities such as bribery. Employees should be well-versed in company policy because their actions may incur liability under the FCPA (U.S. Department of Justice et al., 2012). The hospitality applications in the BHP case highlight this issue. BHP Billiton’s failure to properly account for these applications helped facilitate a bribery scheme. As a consequence, the company faced repercussions in the form of a large monetary fine and mandatory anti-corruption training (U.S. Securities and Exchange Commission,

The breakdown of Dick Smith Electronics has aroused wide concerns in Australia since it brought losses to the related parties at different levels. This essay focuses on analyzing how the company could have possibly avoided the failure if it had applied the third edition of ASX Corporate Governance Principles more effectively.

For BHP Billiton and ANZ, financial reporting is an integral part of their business, the primary objective is to provide the most useful information for stakeholders in their decision-making; it helps ensure that the companies and organizations are in good financial condition in the industry and that their operations are honest and transparent to follow the rules and regulations under the restriction of the law. Both of these companies comply with the necessary government requirements and disclosure for the sake of their investors, and stakeholders, while managers use this data to make important decisions, adjustment, budgeting and changes needs for their investment.

One of IBM's ethical problems was bribing government officials in a foreign country. This business was investigated over allegations made by South Korean and Chinese government officials, who received about two hundred thousand and seven hundred dollars in bribes from 1998 to 2003. In return, the Chinese and South Koreans gave contracts for computer gear to IBM. All though IBM did not admit to the allegations they paid the ten million dollar penalty that was set in the lawsuit. By bribing those officials IBM violated the Foreign Corrupt Practices Act of 1977.

The study aimed at finding out how Rio Tinto as a company deals with corporate governance and business ethical challenges that are facing and their solutions to deal with these challenges. Specifically the study appraised the factor affecting the organization and appropriate measures and procedures is the organization has used in dealing with these issues.

While dealing with the bank’s objectives, an efficient and proper code of conduct is expected from the workers and the directors.

This report sets out to review corporate governance at a private company, namely, Paramount Insurance Company. The specific objectives were to identify the relevant codes the organisation follows, why they are important and review the structure, process and

Company had to face problems with it past image which was displeasing in the minds of its customers.