The Culture And Practice Of Good Governance

Over nemouse years the world has evolved and many changes have taken place. Regardless of your age, gender, religion or race its seem that sports has been one of the things that brings everybody together in the end. Whether it be sharing an interest for the same sport in general or the same sports team. With this being said corruption has entered the sports community, it is not about bringing your team together for the sake of enjoyment. Being victorious is now what is expected among your team, coaches, fans and yourself. Now Athletes and coaches are doing whatever it takes to win. Whether it be breaking the law by placing bids or accepting bids, committing fraud and willingly taking illegal performance-enhanching

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Different revelation has been made from the first trail of the local bodies corruption on The FA, Brazilian FA and others to the head of the soccer association. The authors have mainly argued about the effects and the work that have been done to stop corruption from soccer. Although many committees have been formed to investigate the situation of corruption in today’s soccer there have been a very little change to it. I believe the increasing corruption in soccer can have very bad effect on the game which can eventually lose millions of fans and followers. The corruption has caused very negative impact towards the next generation of players and supporters that their favorite game has been ruined mostly by some people with much control on it due to corruption. The main problem that have caused corruption in my view and many of the articles and journals on corruption on soccer is the unmanaged distributions of funds allocated only by certain number of people without discussing with the committee. The sole power of some people like the former president of FIFA Sepp Blatter has caused an unbalance in the account of these bodies. The details of the distribution of funds has to be transparent and selling their votes by taking money from someone has to be stopped in order to make this game meaningful

There are many corporate organizations that have expanded their business opportunities outside of the U.S. Consequently, these global organizations are required to conform to The Foreign Corrupt Practices Act of 1977 (FCPA). Under the FCPA, anti-bribery and accounting provisions exist for companies to identify unlawful acts and comply with requirements by maintaining accurate records of transactions and implementing internal controls. (DoJ, 2015a, FCPA: An Overview section, para. 2-3).

Jasthi, helps the reader understand the negative financial outcomes of hosting a sporting event like the World Cup and what it does to the country’s economic status. Jasthi’s point is simple yet informative. He compares the spending from South Africa’s World Cup to Brazil’s World Cup. Jasthi argues that Brazil’s lack of budgeting led them spend three times more of what South Africa paid for in the 2010 World Cup. However, that was not the only concern that Jasthi discussed in the article. The other downfall of this spending was that Brazil invested too much money in rebuilding stadiums that were going to be used for a maximum of four games, and were never going to be re-visited after the world cup. Jasthi’s points were quick and concise to the reader, and helps the reader understand how the games can negatively effect the country if the country does not make smart financial

As mentioned before the corruption is not new to this country, and many allegations have been made political, infrastructural, and financial corruptions are surrounding the upcoming events. Brazil has a great opportunity to boost the economic and social standing, and once the country was chosen for the cup, soon after they were chosen to host the next Olympic Games. Bono states, that misplaced funds ($26 billion earmarked for the World Cup and Olympic preparations in 2104 and 2016) are now resurfacing and manifesting in mass protest. Citizens have begun to resent the government; since so much effort is being put into the

This paper discusses the lack of transparency in the Foreign Corrupt Practices Act’s accounting provisions. Transparency, especially for public companies, is essential in reporting financial information. Users rely on company financial information to make investment and other financial decisions. Congress passed the Foreign Corrupt Practices Act in 1977 following the Watergate scandal. The act addressed a growing trend among companies to hide their illegal acts of bribery by not accurately reporting transactions in their books. The act intended to enhance the value of the auditing process over financial information (U.S. Department of Justice et al., 2012).

Office of the Attorney General says Blatter is suspected of criminal mismanagement or misappropriation over a TV rights deal he signed with former Caribbean football chief Warner in 2005, and suspected of "a disloyal payment" in 2011 of two millions Swiss francs (£1.35million on current exchange rates) to Platini for work allegedly carried out by the Frenchman between 1999 and 2002.” The corruption of FIFA is the most corrupt at the top where all the executive decisions are made. Another top executive in FIFA admitted to the accusations. “I abused my position to obtain bribes and kickbacks for my personal benefit,” Webb, who suffers from a heart condition, told the judge in pleading guilty to seven counts and confessing to enriching himself from 2012 to 2014.” The people with the most power at the top of the FIFA organization have been abusing their powers for their own personal agendas and no one did anything about it until the United States stepped

In Crisis Management and Communication, Coombs ranks blaming others for the crisis one of the least accommodative reputation repair strategies. Blatter put the blame on everyone indicted by stating “I know many people hold me responsible. We, I, cannot monitor everyone all the time. If people want to do wrong, they will also try to hide it,” (ESPN Staff, 2015). He went on to say “Those who are corrupt in football are in a minority, like in society and must be held responsible for their actions. Football cannot be the exception to the rule. There can be no place for corruption of any kind” (ESPN Staff, 2015). Sepp Blatter also blamed the United States for the eight-year ban awarded to him for violating FIFA’s ethics rules when he approved a $2 million payment to then FIFA Vice President and President of the Union of European Football Associations, Michel Platini. Blatter stated in a news conference “If we had awarded the World Cup in 2022 to the USA, we would not be here.” (Perez, 2015). Blatter opened the news conference by saying “I regret I am a punching ball and for my organization I have served with my heart and conscience for 41 years,” “Specifically I regret for all the team members working in FIFA” (Perez, 2015). There was no apology for the alleged improper payment from Blatter. "I am not ashamed,” Blatter said. “I regret, but I am not ashamed. I ashamed.” The information stated above shows how FIFA ineffectively managed this crisis by first, having the wrong person speak for the company. Secondly, the President of FIFA refused responsibility for any of the actions that occurred. Lastly, FIFA failed to repair the reputation loss by not taking action toward Sepp Blatter’s Presidency. The possible long term consequences of this crisis could result in a loss of major sponsorships. Visa, one of FIFA’s biggest sponsors,

Bribery has become a common term in the corporate world, specifically when international business deals are discussed. Until 1977, it was legal in the United States to bribe foreign officials in order to receive preference or a better business deal. But, the passing of the Foreign Corruption Practices Act of 1977 and its subsequent amendments made it a criminal act for any organization within the U.S. or foreign organization doing business in the United States, to practice any form of bribery and also required the President of the United States to engage other nations in creating similar laws. Since, many nations have chosen to band together against bribery and have formed the Organization for Economic Cooperation and Development that ultimately created the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. This now makes it illegal to practice bribery in any of the countries that are part of this organization. While the United States and the world has come a long way in stamping out bribery, there are still some organizations that think they can get away with it but end up with massive fines and prison time. But, with so many nations banding together, one can still be hopeful for a world in which we can do business ethically with other ethical businesses around the world.

Fifa is been proven to be guilty and found out that both Sepp Blatter and Michel Platini are corrupt. But to clear his name (Platini) he had to withdraw from the Fifa presidential election and along with him, Blatter was also banned for eight years from the beautiful game (football) after being found guilty of giving £1.3million in which Platini received in 2011.

In March 2014 allegations were made against FIFA Vice President Jack Warner, it is believed that him and his family were taking bribes of 2 million dollars. It is still unclear if these allegations are true or not but the FBI are still investigating. Recently the USA and Swiss governments have been cracking down on corruption and bribes in FIFA. When the USA government started looking in to allegations they discover more bribes and corruption in the ranks. The USA government discovered that pervious president João Havelange was paid millions of dollars for broadcasting rights of the World Cup. The president at the time of the allegations Sepp Blatter discovered the corruption and tried to cover it up when he took office. These allegations relate one of Animal Farms theme, corruption. In Animal Farm Napoleon, Snowball and the rest of the pigs are corrupted by power. When the pigs and the other animals overthrow Mr Jones, Napoleon and Snowball being one of the smartest animals assume the power and leadership. Just after Mr Jones is overthrown the pigs obey the rules and work as a team, leading and being selfless. Soon after that the power starts getting to their heads,

Pielke (2013) gives a brilliant summary of the diverse systems (supervisory, financial, legitimate, hierarchal, business sector, companion and reputational) of responsibility to which FIFA might be subjected. In any case, his decision is that there does not give off an impression of being an institutional procedure under which its leader and official board of trustees can be considered responsible. A clearing change proposition arranged under the support of S.Blatter by Pieth in 2011 was for the most part watered down to a rendition worthy to FIFA's administration (Youd,

FIFA recently has been the talk about major corruption allegations. The president of FIFA, Sepp Blatter, was also one of the officials accused of corruption, racketeering, and corruption. Allegations of payments and under-the-table agreements were up to more than 150 million for media and marketing rights to tournaments. Igel (2015) states that the corrupt practices have been going on as early as the 1990s. Blatter has been president the entire time and has done nothing to stop the unethical behavior. FIFA is one of the biggest organizations in sports and to know that the most popular sport in

The overall objective of this review is to provide opinion on the effectiveness of the Company’s internal controls over Anti Money Laundering risk management systems and reporting following concerns identified by Compliance over the efficacy of those controls. This report has been produced to enable Senior Management to assess current risk. This guidance promulgates an approach by which management can conduct a top-down, risk-based evaluation of internal systems and controls. An evaluation that complies with this report is one way to satisfy the evaluation requirements of Rule 3.2.6 of the SYSC sourcebook of the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) Handbooks. Appendix 1