What value does a company’s code of ethics serve? Highlight any three (3) ways by which a whistle-blower be protected in an organisation? Highlight any two (2) key dangers of bid-rigging for a national economy. Discuss the relevance of a ‘ disclosure policy’ in an organisation
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- What value does a company’s code of ethics serve?
- Highlight any three (3) ways by which a whistle-blower be protected in an organisation?
- Highlight any two (2) key dangers of bid-rigging for a national economy.
- Discuss the relevance of a ‘ disclosure policy’ in an organisation
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- Intel made large loyalty payments to HP in exchange for HP buying most of their chips from Intel instead of rival AMD. AMD sued Intel under the antitrust laws, and Intel settled the case by paying $1.25 billion to AMD What incentive conflict was being controlled by these loyalty payments? What advice did Intel ignore when they adopted this practice (consider how the Robinson-Patman Act applies to their practice) and speculate why Intel ignored the advice.Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibilityRead the extract and answer the essay that follows Popo Molefe explains perils of Prasa locomotive deal, maintains trains were 'too tall' Former chair of the Passenger Rail Agency of South Africa (Prasa) board Popo Molefe told the Judicial Inquiry into State Capture that the irregular procurement of locomotive at the entity was dogged with gaps in integrity and transparency. Molefe appeared before the commission on Thursday morning after the inquiry took a week-long break from taking oral evidence. He spent much of the hearing responding to an affidavit by another former Prasa chair, Sfiso Buthelezi, on the locomotive deal. The R2.3 billion procurement of the "tall trains" is infamous as a colossal misstep in Prasa's recent history. The Special Investigating Unit (SIU) told Parliament that the rail agency stood to recover over R60 million from the ill-fated procurement at best, due to the liquidation of Swifambo, which was given the tender. Swifambo got more than R3.5 billion in…
- Read the extract and answer the essay that follows Popo Molefe explains perils of Prasa locomotive deal, maintains trains were 'too tall' Former chair of the Passenger Rail Agency of South Africa (Prasa) board Popo Molefe told the Judicial Inquiry into State Capture that the irregular procurement of locomotive at the entity was dogged with gaps in integrity and transparency. Molefe appeared before the commission on Thursday morning after the inquiry took a week-long break from taking oral evidence. He spent much of the hearing responding to an affidavit by another former Prasa chair, Sfiso Buthelezi, on the locomotive deal. The R2.3 billion procurement of the "tall trains" is infamous as a colossal misstep in Prasa's recent history. The Special Investigating Unit (SIU) told Parliament that the rail agency stood to recover over R60 million from the ill-fated procurement at best, due to the liquidation of Swifambo, which was given the tender. Swifambo got more than R3.5 billion in…In 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…In 2018, Carlos Ghosn, the chairperson of Nissan Motor Co., Ltd. (Nissan), was arrested for alleged misconduct and criminal offences related to underreporting remuneration and misrepresenting annual disclosures. Detailed investigations revealed similar misrepresentations by the company’s chief executive officer (CEO) Hiroto Saikawa, who was forced to resign. The actions of senior officials left a deep stain on Nissan’s reputation, causing investors to question the effect of corporate governance at Nissan—and by extension, at similar companies across Japan and the world. As details of the scandal unfolded, Nissan suffered negative public repercussions. Its share-based incentive systems, excessive focus on profitability, and cost-cutting measures had caused deviations from normal risk management procedures, resulting in the production of poor-quality vehicles and thus vehicle recalls. Consumer trust in the company dropped, as did sales and profitability figures, with a continuous fall in…
- Continental Airlines filed for bankruptcy, at least in part, as a means of reducing labor costs. Whether this move was ethical, or proper, was hotly debated. Give both sides of the argument.Greg Smith told us in his speech, why he left Goldman Sachs. One of his reasons was what he described with a situation in a casino. Is it unethical if an investment bank like Goldman Sachs uses the knowledge, that they gain by consulting their clients, to speculate? If you conclude that this is unethical, please support arguments with ethical theories and / or laws in charge.1. Should George have accepted the listing? George states, “I am not discriminating. The owners are the guilty party.” Can george filter potential buyers by credit score? By race? 2. Now that George has accepted the listing, could he be guilty of fair housing violations by association? Could he be innocent because he is only “following orders”?
- acme the rejected current regulator proposal what could be the possible alternative course of actions to get the contractABC Limited directors discovered that employees colluded to overcome control systems put in place. The company lost US$2 billion through fraud and embezzlement. The directors tried all strategies in the books but failed to change the situation. After seeking legal advice, the directors were informed to engage a corporate governance expert. Required a) The directors picked you. Advise them on the possible governance causes of such ethical behaviour by the employees of ABC Limited.Although Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--