The assignment discusses about Governmental Regulation and Oversight. Besides, there is also a description of Code of ethics and Legal Responsibility analysis. So, explain how an employee would raise an ethical concern in the chosen company.
Governmental Regulation and Oversight – Code of ethics and Legal Responsibility analysis
INTRODUCTION As a leader in your organization, it is vital that you are familiar with the laws that regulate your industry. Sparked by the dramatic corporate and accounting scandals of Enron. Arthur Andersen, Adelphia, and WorldCom, the Sarbanes-Oxley. Act implemented in 2002 in an effort to restore confidence in the stock markets. Sarbanes-Oxley represents the most important securities legislation. Since the original federal securities laws of the 1930s as it increased governmental regulation. Also, oversight of publicly traded companies and established protections for whistleblowers.
Governmental Regulation and Oversight – Code of ethics and Legal Responsibility analysis
The False Claims Act Street Reform and Consumer Protection Act. Provide a financial incentive for those who blow the whistle to report fraudulent activity within their organization. In this task, you will select and analyze an established company’s code of ethics, analyze how an employee would raise an ethical concern within an organization, and consider current laws with respect to whistle-blowers. SCENARIO You are an experienced ethics officer who has recently hired by an established company. You have tasked with analyzing the company’s current code of ethics and identifying areas in need of improvement.
Governmental Regulation and Oversight – Code of ethics and Legal Responsibility analysis
Firstly, choose a company’s code of ethics from the Web Links section below and analyze that company’s code of ethics by doing the following. Secondly, analyze how well the chosen company’s code of ethics covers the topic of corporate social responsibility (CSR). Thirdly, analyze how well the chosen company’s code of ethics covers the topic of compliance with legal mandates. Also, describe the ramifications for an organization when it is noncompliant with legal mandates.
Governmental Regulation and Oversight – Code of ethics and Legal Responsibility analysis
Additionally, describe two legal or ethical safeguards the chosen company has in place or could put in place to prevent illegal or unethical acts. 3. Analyze how well the chosen company’s code of ethics facilitates the development of an ethical culture. 4. Explain how an employee would raise an ethical concern in the chosen company and provide three resources available to employees to use when raising an ethical concern.
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