Management Definition
1) Conflict of interest- A situation in which a public official's decisions are influenced by the official's personal interests.
Example: An employee works part time in the evening for a company that makes a product that competes with the products of his full time employer.
2) Corporate Accountability: The performance of a publicly traded company in non-financial areas such as social responsibility, sustainability and environmental performance. Corporate accountability espouses that financial performance should not be a company's only important goal and that shareholders are not the only people a company must be responsible to; stakeholders such as employees and community members also require accountability.
Example: It is the corporate accountability for those chemical waste companies to deal with those harmful chemical wisely. Also, it is their accountability to make sure there is no leak of chemical which can possibly cause pollution to the environment.
3) Corporate Culture: The beliefs and behaviours that determine how a company's employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative traits of the people the company hires. A company's culture will be reflected in its dress code, business hours, office setup, employee benefits, turnover, hiring decisions, treatment of clients, client satisfaction and every other aspect of operations.
Example: Employees may be encouraged to dress casually to encourage a feeling of equality and to encourage comfort and productivity.
4) Fraud: Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain. As a legal construct, fraud is both a civil wrong and a criminal wrong. Defrauding people or organizations of money or valuables is the usual purpose of fraud, but it sometimes instead involves obtaining benefits without actually depriving anyone of
Example: An employee works part time in the evening for a company that makes a product that competes with the products of his full time employer.
2) Corporate Accountability: The performance of a publicly traded company in non-financial areas such as social responsibility, sustainability and environmental performance. Corporate accountability espouses that financial performance should not be a company's only important goal and that shareholders are not the only people a company must be responsible to; stakeholders such as employees and community members also require accountability.
Example: It is the corporate accountability for those chemical waste companies to deal with those harmful chemical wisely. Also, it is their accountability to make sure there is no leak of chemical which can possibly cause pollution to the environment.
3) Corporate Culture: The beliefs and behaviours that determine how a company's employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative traits of the people the company hires. A company's culture will be reflected in its dress code, business hours, office setup, employee benefits, turnover, hiring decisions, treatment of clients, client satisfaction and every other aspect of operations.
Example: Employees may be encouraged to dress casually to encourage a feeling of equality and to encourage comfort and productivity.
4) Fraud: Fraud is a deception deliberately practiced in order to secure unfair or unlawful gain. As a legal construct, fraud is both a civil wrong and a criminal wrong. Defrauding people or organizations of money or valuables is the usual purpose of fraud, but it sometimes instead involves obtaining benefits without actually depriving anyone of