Agal Alagal
Law 770
Fall 2016
The Code of Ethic
• Introduction.
This code is important for our employees, customers, shareholders and partners. This code explains and summarizes our stander that protects the company's reputability and its business from any risk. Moreover, it shows how we deal with our partners. We believe that our success depends on the actions of our members and partners. Because of that, we are committed to make sure that everyone in our company is compliance with this Code and other law.
• Binding scope.
This Code of Ethics is written to be binding all members of Kramerica in all categories such as directors, officers, and employees and Kramerica's subsidiaries and offices around the country and the world, as it will be
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Our philosophy to increase the business is to act in good faith and honesty in all activities.
• Conflicts of Interest
Personal conflicts of interest may arise when any member of the company has individual's personal interest conflict or appears to conflict with the company's interests. The conflict can be financial or otherwise. All members are expected to act in the Company's best interest. All members of the company are prohibited to use any of the company' assets, services, resources, products and otherwise to gain a personal advantage. Personal conflicts of interest include any interest of close personal, romantic or familial relationship. Moreover, Members shall not own, either directly or indirectly, an interest in any business entity that does business with or seeks to do business with Kramerica without permission. Members with any conflict of interest question shall seek advice from management before doing any activity.
• CONFIDENTIALITY
Because the members serve the company, they may have access to confidential or proprietary information or secret regarding the company's business, its programs or otherwise and regarding other
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Moreover, it has to contain any information that helps investors to make their decisions.
• Accurate Records and Accounts
We believe that business and financial records are necessary to our business operations. We depend on the integrity and accuracy of those records to make our decision and the benefit of investors. Also, the records it is important to report government agencies and others whom the company report to.
The records shall contain all assets, income, expenses liabilities, and all business transactions. Our company is committed to an independent, robust internal and external audit process.
• Conclusion
The company seeks to be a perfect company. We believe that it is difficult to contain all possible ethical conduct in this code. However, we encourage all our employees to uphold a high standard of integrity. Also, the employees shall follow the law of The United states for whom work in The United states, and the law of other countries for whom work in these
The ethical code of an organization illustrates the importance of being honest, acting with integrity, and showing fairness in decision making (Bethel, 2015). Ultimately, “laws regulating business conduct are passed because some stakeholders believe they cannot be trusted to do what is right” (Ferrell, Fraedrich, & Ferrell, 2015, p. 95). In the last couple of years, culture has become the initiator for compliance, which means from the top down there has to be a commitment to act in a way that represents the company’s core values (Verschoor, 2015).
The compliance plan should include a code of conduct. By establishing a code of conduct, the organization establishes a commitment to ethical and accurate coding practices that will follow all regulatory guidelines set forth.
Financial records are very important aspects to any corporation and making sure the records are accurate is essential. Determining how a corporation is going to do is a guess but it is based on previous year's financial statements and that is a reason finical records are so important. Making a profit is a goal for any corporation.
The first case that I have chosen to analyze is case #3. The standards from the Code of Ethics that comes into play regarding this particular case would be the first and most valuable one will be commitment to client. With this code the social worker primary responsibility is to promote any type of well-being to the clients. The social worker has to remain loyal to their clients. Another standard from the Code of Ethics would be the privacy and confidentiality with this code only as a social worker you are only allow to discuss with persons who are legally incapable of giving informed consent and also their legal representative. Social workers can not disclose confidential information that could lead to identification of a client/ patient with
In week 5, I will discuss the AHIMA code of ethics and whether it is good or not. I will also discuss the principles and whether they should be changed or not. Employees will be discussed and how some may respect and how may not respect it. Should they be terminated or just simply disciplined for their actions, that is what will be discussed here in this week’s apply paper. My conclusion will be an overall review of what was discussed and the importance.
• Always follow the ethical guidelines as stated above and throughout this code of ethics program
To avoid the conflict of interest this company and its employees do not accept gifts from clients, suppliers, potential employees, or any other individual or company, under any circumstances.
Code of ethics is to be utilized by AIHMA members, agencies, consumers, and others who choose to embrace it as a frame of reference. (AHIMA, 2014)
Brooks, Leonard J. Business & Professional Ethics for Directors, Executives, & Accountants. Mason: Thompson South-Western, 2004. p227.
These policies and rules are very essential to having a successful and productive company now and into
To provide an example of a breach of ethical conduct in the workplace, we may remember the case of a financial manager in a corporation that decided not to pay overtime to some employees. After a deep outside investigation, the company was summoned with thousands of dollars to remedy the payment that was supposed to be paid to all employees who worked more than forty hours per week. Again, it is needed more than just a booklet stating that the company adheres to the code of business ethics. It is needed serious managers that can run the company with the most seriousness as possible. Consequently, any written codes of business ethics, regardless of how well it has been crafted, need people that adhere to its internal content with a serious desire to do the right thing.
According to the conceptual framework, the potential users of financial statements are investors, creditors, suppliers, employees, customers, governments and agencies, and the general public (Financial Accounting Standards Board, 2006). The primary users are investors, creditors, and those who advise them. It goes on to define the criteria that make up each potential user, as well as, the limitations of financial reporting. The FASB explicitly states that financial reporting is “but one source of information needed by those who make investment, credit, and similar resource allocation decisions. Users also need to consider pertinent information from other sources, and be aware of the characteristics and limitations of the information in them” (Financial Accounting Standards Board, 2006). With this in mind, it is still particularly difficult to determine whom the financials should be catered towards and what level of prudence is necessary for quality judgment.
The Code of ethics is rules and principals that are set in place to help individuals to determine what is right and wro...
As a law enforcement officer, my fundamental duty is to serve mankind; to safeguard lives and property; to protect the innocent against deception, the weak against oppression or intimidation, and the peaceful against violence or disorder; and to respect the constitutional rights of all men to liberty, equality and justice.
Many companies have a code of ethics or better known as a policy statement. A code is a form