explain the purpose of the unified code of conduct for business prepared by the integrity initiative movement.
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explain the purpose of the unified code of conduct for business prepared by the integrity initiative movement.
1. It harmonizes existing ethical standards among business operating in the Philippines. It ensures that
different
market players adhere to the same rule of the game in order to create fair market conditions and
promote transparency in doing business.
2. the Code formally communicates the signatories’ commitment to upholding high standards of
business
unacceptable and unsustainable way of conducting business and that measures have been taken to
enforce and cultivate integrity habits within the signatories’ respective organizations.
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- Kindly Explain the following: 1. It harmonizes existing ethical standards among business operating in the Philippines. It ensures thatdifferentmarket players adhere to the same rule of the game in order to create fair market conditions andpromote transparency in doing business.2. the Code formally communicates the signatories’ commitment to upholding high standards of ethics in allbusiness transactions. It articulates the belief that securing profit at the expense of integrity is anunacceptable and unsustainable way of conducting business and that measures have been taken toenforce and cultivate integrity habits within the signatories’ respective organizations.Which of the following is not one of the International code of Corporate Governance? a) On retiring, a Chief Executive should become a chairman. b) The role of Chairman and chief executive officer should be separated c) At least half the board, excluding the chairman, should comprise non-executive directors d) Levels of remuneration should be sufficient to attract and retain directorsa. Explain the international activities carried by Sushi King (in 3 paragraph). b. Explain the management at Sushi King (in 3 paragraph). c. Explain the background of Sushi King (in 3 paragraph). d. Explain the founder of Sushi King (in 3 paragraph). e. Explain where and when the Sushi King started business. (in 3 paragraph) f. Explain the line of product at Sushi King (in 3 paragraph).
- 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 responsibilityABC 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. b) Recommend the governance strategies the board of directors can put in place to remedy the situation in the company.Ethics is a set of moral principles or values that governs _____________” a. the actions of a person b. a society's communication network protocols c. the infrastructure in a country d. a nation's foreign investment
- In respect of stakeholders, which of the following are not correct. 1. Stakeholders are only external to the organization. 2. Stakeholders can have a direct commercial transaction with an organization. 3. A stakeholder does not have any expectation from an organization. a. 1 and 3. b. 2 and 3 C. 1 and 2 d. 1, 2 and 3Volkswagen’s two-tier board structure Under German company law, it is mandatory for all public companies to have two boards – a supervisory board and management board. The supervisory board is composed of 20 members, and the board appoints and oversees the members of the management board, and authorises major business decisions. The Co-Determination Act of 1976 stipulates that companies with more than 20,000 employees must have 20 seats on their supervisory board. Under German company law, all public companies are required to have two boards – amanagement board and a supervisory board. Discuss the advantages and disadvantages ofadopting a two-tier board structure, and draw a comparison with the one-tier boardstructure.As a newly appointed board member to the board of trustees at private organization the following issues are raised relative to business ethics and you're required to respond to:Codes of moral ethics characterizes the ethical rules that should be regarded by all individuals of an association in their choices and activities. In light of this articulation, basically look at the layout, topics and subjects, and expression of the code.
- ABC 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.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…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…
