The conflict of interest occurs when the director or the manager of the company performs to generate personal gain from the operations of the business. According to the corporate governance codes the conflict of interest happens in every form of business. However, the most important form of business in relation to the conflict of interests is the company because of the involvement of the common public and higher level of funds. Therefore, the corporate governance codes provide the guidelines for the companies to follow to reduce the conflict of interests. (Strier, 2005)
The first risky area is the related ...
Personal Gain College Essays Samples For Students
11 samples of this type
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Question 1 Directors’ Duties
Issue
For a business to register as a company it should satisfy the following requirements: a name, one or more shares and shareholders having limited and unlimited liability. Having directors is also a requirement. Once a venture has this, it can go ahead, apply for registration as stated in section 11, and send an application to the registrar. The application must be in a prescribed form and signed by each applicant; this includes the named directors and shareholders. The proposed company’s name and constitution should be included in the application, as stated in section 12. Once the application ...
There is a sharp distinction between active and passive euthanasia. The former is the voluntary act of ending life or “mercy killing” while the latter is the cessation of the activities used to prolong a patient’s life. There have been strong debates concerning the moral permissibility of the active euthanasia. In this essay, I will present the arguments put forth by Rachels and Callahan concerning the issue and argue that the active voluntary euthanasia is not morally permissible.
In his justification of the active voluntary euthanasia, James Rachels stands that judging from moral grounds active and passive euthanasia ...
Intellectual Property Laws
Intellectual property refers to property that is made out of mental labor. It includes copyright patent, trademark, industrial design mark, and trade jurisdiction is some jurisdiction. Examples of goods that can be categorized as intellectual property are literature, cover music and other artistic works that can be considered as discoveries and inventions and symbols, phrases words and design. All in all, patents protect tangible things’ design, copyright protects the different forms of artistic and written designs and trademark symbols or names that identify the source of a product or service (Stim, 2005).
Managers are facing several ethical problems at ...
Introduction
Recently, the problem of corporate crime and ethical misconduct had seriously aggravated. More often ethical misconduct and non-compliance occurs in the field of environmental regulation, health care, securities law, and safety regulations. Nowadays whistleblowing is recognized as a tool of detection and prevention of malpractice and corruption. The motivations of whistleblowers are different including protection of human rights, fairly paly, disclosure of malpractices, human safety, and adherence to laws. Thank to whistleblowers, corruption practices are revealed. Meanwhile, whistleblowers often suffer from the disclosures they initiated because disclosure meets with resistance from the side of corrupted structures. Therefore, whistleblowers ...
Human resource happens to be the most vital asset of many organizations in the business arena. Employees are an integral part of an organization because there are the cardinal drivers of policy initiatives, implementers and coordinators of any significant project initiated by an organization. Even in organizations that have programs that are run automatically by machines or computers, there are usually a number of employees required to oversee the project. Human resource is needed to input data or raw materials or collect the final product for distribution. Indeed, it is trite to argue that an organization can exist without any ...
Kant’s theory focuses on the associations between an individual and those around him. More specifically, it seeks to show that morality is based on how an individual chooses to associate with such people. The use of deceit and coercion for purposes of personal gain is immoral. This is because this is an avenue for abuse of these relations and hence use of other’s skills and assistance for personal gain only. However, the theory also acknowledges that it is ethical to associate with others in a truthful and mutually beneficial manner. This requires some degree of honesty about the ...
Monsters have ideally inhibited the world that we live in. They often take the humanlike shape or other forms of visual representation that coincide with the current culture and surroundings. They tell the evil story of a nation politics, culture, nationalism, and surrounding. However, what they often depict as monstrous and revolting is usually a mirroring image of the human society. In the real sense, we not only live in a world that has numerous monsters, but we are often the monsters ourselves. In most occasions, the monsters are created by the society. Anything that stands out from the ordinary and expected ...
20-8: A Question of Ethics New Orleans Paddlewheels, Inc. (NOP), is a Louisiana corporation formed in 1982, when James Smith, Sr., and Warren Reuther were its only shareholders, with each holding 50 percent of the stock. NOP is part of a sprawling enterprise of tourism and hospitality companies in New Orleans. The positions on the board of each company were split equally between the Smith and Reuther families. At Smith’s request, his son James Smith, Jr. (JES), became involved in the businesses. In 1999, NOP’s board elected JES as president, in charge of day-to-day operations, and Reuther as chief ...
-3: Title VII Violations. Discuss fully whether either of the following actions would constitute a violation of Title VII of the 1964 Civil Rights Act, as amended.
1. Tennington, Inc., is a consulting firm and has ten employees. These employees travel on consulting jobs in seven states. Tennington has an employment record of hiring only white males.
2. Novo Films, Inc., is making a film about Africa and needs to employ approximately one hundred extras for this picture. To hire these extras, Novo advertises in all major newspapers in
Southern California. The ad states that only African Americans need apply.
In this case, since Novo Films, Inc. is intending to make a film ...
Law
Essay on Ethic in Criminal Justice Administration
Introduction
In a professional environment ethics defines professionalism which is vital in any operating organization. It is normally practiced in all companies and even setting their own standards of ethics through series of policies and procedures that needs to be observed within the company premises and time. But some individual often cross the boundaries of rules of ethics making them violators within the organization. Ethics is a control mechanism which regulates how the people within the organization should behave in order to maintain smooth operation. Ethics is also known as the philosophy of absolute morality, it is a study of differentiating ...