Center for International Private Enterprise ECONOMICREFORM Feature Service® January 12‚ 2006 Business Ethics: The Essential Component of Corporate Governance John D. Sullivan‚ Ph.D. Executive Director‚ CIPE Aleksandr Shkolnikov‚ Program Officer‚ Global‚ CIPE Given financial scandals and the resulting new mandates on business‚ firms find themselves pressed to develop strong codes of ethics to guide the behavior of board members‚ managers‚ and employees. Although the concern with ethics has always
Premium Business ethics Ethics Corporate governance
Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties‚ Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions‚ recording fictitious assets‚ improper accounting for NOLCO‚ non-recording of appropriate allowances for uncollectible receivables‚ and misapplication of the percentage-of-completion method of accounting for long-term contracts. Ernest Grendi made the fraud possible‚ company
Premium Water supply Water Water resources
Synopsis This case deals about the three supervisor‚ working in a three different shifts in a small manufacturing company and their leadership behaviors which effects to their follower performances. Issues: • Workers of first shift are demotivated as they think there work is pretty much repetitive and monotonous. • Second shift is suffering from high rate of absenteeism and turnover. • Upper management is not solving the problem of second shift that they are facing on their
Premium Employment Shift work
Emergent Properties Emergent properties are properties that come about when smaller components combine together to form a large unit that works together for a common purpose. The idea of emergent properties is based on the fact that the whole combined unit is more efficient than the sum of all of the units. These properties cannot be seen when the organisms are separated from one another‚ the organisms must be together for the properties to take effect. Emergent properties have come about for the
Premium Life
Chemical Properties of Ethylbenzene Property (Condition‚ Method) Synonyms Name Ethylbenzene; benzene; ethylbenzol; phenylethane; etilbenzene; ethylbenzeen; aethylbenzo; ethylobenzen Chemical Formula C8H10 Chemical Structure Table 1.1: The table of chemical properties of Ethylbenzene. Table 1.2 The table of the physical properties of Ethylbenzene. Chemical and Physical Properties of Styrene Property (Condition‚ method) Common Synonym Vinyl Benzene; phenylethene; ethenyl Benzene; cinnamene Molecular
Premium Temperature Polystyrene Water
Mountain Property Problem In this case study Martin was faced with losing his land to Otis who claimed to have lived there for twenty years and to the lease company that had lend money to Andrew‚ one of his partners joint tenancy owner for the mountain property. Legal advice Looking at Martin’s case legally‚ he was right to contact the attorney for the necessary legal actions. According to laws that states joint ownership of properties‚ a co-owner of a joint tenancy with rights of survivorship
Premium Law Property Real estate
The Effects of Owning Property Author E.M. Forster’s notion that owning too much property leads to revolution is a worthy argument. After all‚ items of materialistic items have been‚ in certain instances‚ accredited to accounts of extreme misfortune. However‚ I beg to differ being that property and prosperity is an American dream. To own a home‚ in my opinion‚ is a sign of stability. Owning a property exempts one from paying rent or a monthly token for living purposes and enables one to virtually
Premium Property Ownership Real estate
objectives of a business. It can make many contributions to the success of that organization through its key role as one of the organizations’ boundary-spanning functions. Purchasing can gain important information about new technologies‚ potential new materials or services‚ new source of supply‚ and changes in market conditions through external contact with the supply market. To take advantage of market opportunities by communicating this competitive intelligence‚ purchasing can help reshape the business’s
Premium Supply chain management Inventory Quality control
Reaction Paper on Intellectual Property Rights Modern usage of the term Intellectual Property goes back at least as far as centuries back. The history of patents actually sprung not from scientific inventions but rather from royal grants for monopoly privileges. Now we ask‚ what is Intellectual Property and what does it signify? First we define Intellectual Property as creations of the mind such as inventions‚ literary pieces‚ artistic works‚ images‚ trademark names‚ and design. There are two categories
Free Trademark Intellectual property Copyright
What is Intellectual Property? Intellectual property (IP) refers to creations of the mind‚ such as inventions; literary and artistic works; designs; and symbols‚ names and images used in commerce. IP is protected in law by‚ for example‚ patents‚ copyright and trademarks‚ which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest‚ the IP system aims to foster an environment
Premium Patent Invention Creativity