Jones purchase the stock of Smithon outright leaving Smithon intact? The stock should not be purchase by Mr. Jones. Mr. Jones acquiring the assets, liabilities and also would inherit the contractual obligations of the selling corporation, would, be the results of the purchase. In lay terms, he has bought the existing Smithon Corporation and he is responsible of ensuring daily operations run efficiently but the tax aspect of acquisition he is responsible for existing and any future tax liabilities that the selling corporation had. It would be my advice for Mr. Jones to not buy the stock because of the liability of current and future tax obligations which Mr. Jones would incur from the purchase of the stock.
This type of culture provides an excellent foundation to breed innovation. Riordan uses business ethics to interact with other companies to sustain healthy relationships. Most of these ethical considerations are seen as common courtesy. Some unethical behaviors that Riordan are trying to avoid are lying, falsifying information, and stealing/theft. HRM plays a major part in resolving these issues in order establish an ethical
According to SNC-Lavalin's Gadhafi disaster: The inside story, SNC-Lavalin Group Inc. has committed to ethical behaviour and good corporate governance as it awaits the outcome of investigations involving former employees, including its previous chief executive officer. With regard to the school of ethical universalism, the same standards of what's ethical and what's unethical resonate with peoples of most societies regardless of local traditions and cultural norms; hence, common ethical standards can be used to judge the conduct of personnel at companies operating in a variety of country markets and cultural circumstances. Ben Aissa had negotiated an unusual deal with his old bosses at Lavalin: he, with at least one of his new wife's relatives, would together earn a 2% commission on any SNC contracts in Saudi Arabia, regardless of whether they performed any work, and this arrangement is considered unethical and conflicted. This constitutes unethical business behaviour regardless of the country or culture in which a company’s personnel are conducting activities. In terms of school of ethical relativism, different societal cultures and customs have divergent values and standards of right and wrong and thus, what is ethical or unethical must be judged in the light of local customs and social mores and can vary from culture or nation to another.
Business Research Report The Positive Aspects of Ethical Business Practices Assessment Code: RWT1 Student Name: Lauren J. Williams Student ID: 268329 Date: November 26, 2013 Mentor Name: Ms. Chevon Cooke TABLE OF CONTENTS Executive Summary 3 Introduction 4 Research Findings: Ethics Programs Can Help Guarantee Corporate Compliance 5 An Ethical Workplace Boasts More Satisfied and Efficient Employees 6 Positive Media Attention Leads to Consumer Confidence…………………………………………………………………..7 Recommendations 8 Conclusion 9 References 10 Executive Summary The purpose of this report is to provide a thorough analysis of our company’s current ethical standards and the consequences that we will incur if we refuse to implement a more ethical and socially responsible way of doing business. I have thoroughly analyzed current federal and state laws in comparison to our company’s current business methods. Results of my investigation indicates that we are exposing our company to both criminal and civil penalties, spending needless money on training new employees instead of retaining current ones as well as failing to provide a positive consumer perception via media outlets.
ALL WK 1, DQ’s: WK 1, DQ 1: What is a business’s obligation to build an ethical culture and balance its desire for profit with ethical responsibilities to employees, customers, society, and the environment? Ethics is different from one person to the next, so it is imperative that business clearly define the norm for staff members and management. The decisions organizations make influence more than business partners, affiliates, culture, and others. It is important for organizations center of attention on maximizing shareholder revenue. Therefore, maximizing profit without causing destruction to the business culture can be a balancing act for most organizations.
310.2 - ETHICS I. Competency 310.2.3: Ethics Programs A. Standards & Procedures The code of ethics can only be defined upon the establishment of a company mission/ vision statement, at which point policies and procedures can then be aligned with this vision. When a clear, consistent direction is defined, it is much easier to provide proper ethics training for current and future employees, as well as ensure that both employees and clients alike are treated fairly/ equally. An ethics and corporate governance officer at the executive level shall be specifically designated to undertake the task of designing, executing, and monitoring the implementation of such an ethics code. This code shall cover all aspects of corporate behavior, from discrimination, sexual harassment, conflict of interest, et cetera.
Personal Values Ethics in business practice is critical to the longevity and livelihood of an organization. Without a true understanding of the ethics and values by which a company abides, one can never be successful within the organization. Kudler Fine Foods (KFF) has a distinct understanding of what is important to their organization and the people who run the organization. In this paper I will discuss my personal thoughts on ethics based on the Williams Institute Ethics Awareness Inventory (EAI) (2006) and relate how my ethics and values align with a managerial position at Kudler Fine Foods. Recently, I had the opportunity to use a tool to test one’s perspective on ethics.
The Code keeps the CPAs mind on the public helping them practice their professions ethically while seeking the best interest of their clients. Without the AICPA Code of Professional Conduct there would not be any guidelines for CPAs to follow, and there would be no set personal boundaries for them submit to. The Code is a standard, set by CPAs for CPAs, to promote ethical responsibilities that favor the collective well-being of the community of people and institutions the profession
How Personal Can Ethics Get? Dr. Ronnie Jones The Business Enterprise – BUS 520 7/12/11 Strayer University Abstract The personal preferences of individuals, differences, cultural implications of ethics and how they effect organizations and their policies are a hot topic in the business management arena. There are no universally accepted principles on ethics and how to handle these situations. However, with effective leadership, and an employee code of conduct written and documented within the organization’s policies and procedures manual, one can handle an ethical situation feeling good about their decision personally, and that they made the correct decision for the organization
Workplace Diversity Jazmine Thomas Post University Workplace Diversity 1. Describe an approach to a business diversity program that would be pragmatic and ethical. Most business people would want to be both pragmatic and ethical. Pragmatic ethics is a theory of normative philosophical ethics. Ethical pragmatists think that norms, principles, and moral criteria are likely to be improved as a result of inquiry.