ETHICS and GOVERNANCE Kickbacks Question in textbook Chapter 2 page 61 Essay

ETHICS and GOVERNANCE Kickbacks Question in textbook Chapter 2 page 61 - Essay Example The code of conduct also requires protection of confidential information as well as intellectual property. It also requires the selection of suppliers depending on the business criteria and the adherence to all public reporting requirements. Corporate Compliance Programs for organizations help them in integrating their commitment to ethics and integrity into their day-to-day operations. The global teams of most organizations’ compliance areas ensure that their employees have procedures as well as training on the regulatory requirements that are related to their jobs. In so doing, it makes compliance an integral part of the organization’s everyday activities. The organization monitors and assesses compliance with regulatory requirements and it investigates each allegation related to noncompliance. In case any problems are detected, the management conducts root cause analysis of what has happened and it modifies internal controls to prevent any reoccurrences. They then track their report progress and compliance performance quarterly to their executive management team and the audit committee of their board of directors (Wulf, 2012, pg. 136). Almost all companies and organizations are supposed to prepare their financial statements depending on standards set by the Financial Accounting Standards Board (FASB). The standards set by FASB are generally principles-based. In the recent years, their have been debates on whether principle-based accounting is likely to be more efficient compared to the popular rule-based accounting. The debates have been in response to the popular accounting scandals such as the WorldCom and the Enron. The current way of accounting has faced a great deal of criticism and it therefore means that the stakeholders are supposed to do everything to ensure the situation is back to normal. Rules-based ethics in accounting basically has a list containing detailed rules that have

Organizational Managment Essay Example | Topics and Well Written Essays - 750 words

Organizational Managment - Essay Example At the top of the authority structure is the Board of directors whose role is to hire the staff that have specific skills in recreational facilities and also authorize money release for other projects. They also act as tiebreakers of issues that cannot be agreed upon by the executive leadership. Next in authority is the executive leadership that consists of personalities qualified in management of health care organization. They are the brains behind the success of all the programs in the health care since they are the decision makers and suggest the way forward for the organization to improve its face (Liebler and McConnell, 2011). After the two comes the quality improvement committee. This is composed of staff members and other outside individuals with specific skills about quality improvement. Their role just as the name suggests is to act on the suggestions on how to improve the services of the organization including the recreational services to give the organization a competitive edge over other health care organizations and attract even more clients. The medical staffs are next on the authority structure and they include doctors, therapists and nurses. These individuals carry out the actual work of ensuring these terminally ill patients receive their medication on time and they stay alive longer than they would in an ordinary hospital. They also participate in suggesting the way forward for the health care organization since they are in constant touch with the patients who make the suggestions. After them comes the middle management whose role is to pick suggestions from the people in the lower leadership authority and pass them on to the higher authorities and also pass down decisions from the top to the bottom of the leadership ladder. They are the ones who carry out actual field work collecting suggestions and even ensuring suggestions are made and any complaints is dealt with. They are also in charge of the department staffs who are the