This code shall cover all aspects of corporate behavior, from discrimination, sexual harassment, conflict of interest, et cetera. The designated ethics officer will be responsible for foreseeing any potential noncompliance and putting into place applicable and reasonable consequences for doing such. B. Training Program Training should be provided, if not made mandatory, to all employees and subcontractors on an annual basis by a designated compliance officer. Once a code of ethics is established, everyone should be made aware of and bound by it.
GRIEVANCE If we feel the need for a grievance to take place we must follow the Disciplinary and Grievance procedures. Any Grievance must be kept confidential and dealt with in a professional way. If the Grievance is for yourself your employer must follow ACAS code of practice on Disciplinary and Grievance procedures. CONFLICT MANAGEMENT Conflict is always likely to happen in the work place. We are expected to act honestly and to not put yourself in any position which could cause conflict at work.
One of the insurance that is required by law is Workers’ Compensation which is an insurance policy covering work-related injury and illness. Not a part of payroll or employment taxation, but required to be purchased by employers. There is high percentage of employer committing some kind of worker compensation insurance fraud. Insurance fraud is defined as an act that is committed to fraudulently receive payment from an insurer or deliberately lie to save money. A large number of insurance claims each year can be accredited to fraudulent claims, which cost insurers and other parties billions of dollars.
Koss Corporation Case Q1. From the Koss Corporation case, we can see that there are many aspects are not functioned properly in the accounting and internal control systems of Koss Corporation. First, the CEO’s supervision and regulation is weak, which means Michael has not fulfilled his responsibility of internal control. Sue initiate and authorize wire transfers of Koss Corp. funds to Sue’s personal creditors for over $16.3 million without requiring or obtaining Michael’s approval. And because Michael trusted Sue, Michael did not fully review the financials before approving them.
Employers who doesn’t respect these laws may be prosecuted criminally and they have to pay a fined up to $10,000. If the same employer recurred again may result in imprisonment. Employers who willfully or repeatedly violate the minimum wage or overtime pay requirements are subject to civil money penalties of up to $1,100 per violation. WHAT WE CAN DO ABOUT IT? The right to receive a minimum wage and the right to overtime compensation is one of the most important things that all the employees we have, what we can do for avoid this?
Everything you do must be in their best interest and protect them from harm in every sense including but by no means restricted to, physical, emotional, financial and medical. I must report any risks I come across to a manager or supervisor; this can include poor working practices by other members of staff, equipment, other individuals, the working environment and even family members. Failure to report these would be seen as negligence on my part and could even result in prosecution. 2.1 Describe potential conflicts or dilemmas that may arise between the duty of care and an individual’s right. A potential dilemma could be the client not wanting to visit the hospital when the client has been medically advised that it is essential for them to do so, refusal of medication or any time the service user exercises their rights, to choose or refuse, that could potentially cause harm to themselves or others.
The quality of the disclosure is certified by the audit committee and the Company’s outside auditors. The certification required under Section 302 is a change under the Security and Exchange Commission. The certification required under section 906 is an amendment to the U.S. Criminal Code. The overlap of certifications increases the penalty for inaccurate disclosure and/or failure to disclose the required information (Deming, 2006). Sarbanes-Oxley Act is designed to make all personnel accountable for their action or inactions.
Duty of Care is the legal duty to take reasonable care so that others aren’t harmed and involves identifying risks and taking reasonable care in your response to these risks. Organisations should always ensure that they consult legal and legislative requirements when developing and maintaining their duty of care frameworks and consider working alone guidelines. 1.2 Diemmas that may arise Equipment- Clients may refuse to use hoists and stand aids as they have had bad experience in the past with using them which could affect clients hygiene, physical needs and means that staff can’t do their job to a high standard we would take note of what the clients have said and ring the manager to come up with another solution. All equipment must be in date and checked regularly before use. Training- training must be up to date and if it isn’t you should not but yourself or clients at risk of danger.
Name as many as possible. Any businesses that are distributing any unlawful actions like fraud. Financial statements shows what the company make for the year as well as what the company is bringing in. The owners are affected by this because if something is wrong it could fall back on them. The employees are affected because if something was to go wrong they may lose their job because of the company faults or not get paid like they should.
Having unskilled employee in positions is often the cause of a high turnover and most employees can usually be replaced without a company’s lost in productivity. This is the reason why training and development is a vital aspect of the human resource department. Replacing employee is usually results in lost in revenue for the company. Several lost may occur for time it takes for recruiting, staffing, and training for potential employees. Turnover is expressed in most company’s annual percentage of the total workforce, so this is an expense in which the company has to account for.