Sir David Walker‚ Chairman of Barclays Plc. Date 24th February 2013 Subject Implication of The Recent Libor-Fixing Scandal for Barclays Bank 1. Executive Summary * The London Interbank Offered Rate (Libor) is the average interest rate charged to banks for lending funds in the interbank market (Investopedia n.d.). * The UK Treasury reported that Libor is responsible for an estimated $300 trillion worth of financial transaction (BBC 2012). * Barclays’ traders submitted inappropriate
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who individually and collectively contribute to the achievement of the objectives of the business (Armstrong‚ 1999). Three key HRM activities at Barclays 1. Grievance procedure 2. Equality & Diversity 3. Rewards and Benefits The grievance procedure A grievance situation can arise where an employee has a complaint or problem about any issue relating to their work‚ working environment‚ pay and benefits‚ working hours or is concerned about any other serious matters‚ such as allegations of
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STRATEGY HUMMAN REURCE AND MANAGEMENT Human resource management is concord with the management of the employees of in organisation. What is human resource management? * HRM is he management process concerned with efficient and effective utilisation of the organisations employees through the development of policies procedure practices so that the objectives of the organisation are achieved in the long term. * SHRM therefore implies that the organisation must have the
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Report on: Ethical Issues in last 6 month Submitted to: Prof. Majalkar BY: Nihali Jadvani Roll No: 18 For Subject Business Ethics & Corporate Governance 2G Spectrum Scam We have had a number of scams in India; but none bigger than the scam involving the process of allocating unified access service licenses. • It is Rs.1.76-lakh crore worth of scam. The amount is approximately 2% of national GDP or 1/3 of current tax revenue of India. It is also equals to annual income of
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Ethical Issues in Management Performance evaluations are important to ensuring all employees are performing as expected‚ and if not the manager is providing proper feedback. Managers may encounter moral and ethical issues in the process of performance evaluations‚ and must do his or her best to evaluate fairly each employee. Ethically responsible management practices and social issues can be directly tied to performance evaluations‚ and managers may even come across legal issues surrounding an
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Joshua Allen English 122 Sylva Miller 09 Dec 2012 Ethical Issues with the Constitution Freedom of Speech is a negative concept when applied to immoral circumstances. “Congress shall make no law … abridging the freedom of speech or of the press …” as defined by the First Amendment of the Constitution of the United States of America (U.S. Constitution). The majority of democratic governments around the world are adopting similar doctrine to solidify the principles of their governmental structures
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BARCLAYS: MATT BARRETT’S JOURNEY – WINNING HEARTS AND MINDS I. DISCUSSION QUESTIONS‚ CASE INTRODUCTION AND KEY POINTS Introduction The case covers the introduction of Matt Barrett as CEO of Barclays and the changes he introduced to the organization to maintain its competitive position within the retail financial services industry. In an increasingly competitive environment‚ Barclays is losing ground due to its lack of data-driven actions and small global presence. The case outlines the actions taken
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Current Ethical Issues Paper XMGT/216 January 20‚ 2013 Jeffery Day Current Ethical Issues Paper The fictional organization that I chose from the Virtual Organization is “Patton-Fuller Community Hospital.” The reason that I chose this organization is because the healthcare industry has always fascinated me. I think that it is really awesome that there are people in this world that actually choose to save others’ lives. Patton-Fuller Community Hospital is a decent place to get immediate medical
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Behavior From large corporations to small businesses‚ individuals involved in all types of business often face ethical issues stemming from employee behavior. For example‚ whether an employee can spend work time checking personal email accounts‚ how a manager deals with claims of harassment and to what extent a manager can "groom" a certain employee for a promotion are all examples of ethical issues regarding employee behavior. There are legal consequences for some unethical employee behavior. For example
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Ethical Environmental Issues SOC 120: Introduction To Ethics & Social Responsibility 01/18/10 “Ethics is the study of the choices people make regarding right and wrong” (Ruggiero‚ 2008). Environmental ethics‚ it is more of a study about moral relationships of human beings to‚ and also the value and moral status of‚ the environment and its nonhuman contents. Humans have been sharing our lives with nature for many of years; we have to make many ethical decisions with respect to the environment
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