Russia Essay Example | Topics and Well Written Essays - 250 words - 3

Russia - Essay Example The Prime Minister heads the government, which the president appoints but at the parliaments approval. The crafty use of democratization agenda in the post-Cold War world has evoked a backlash against the whole notion of the expected transition to democracy. Democratization is also in question here as the ground reality has prompted rethinking because much of the post-Soviet region appears trapped between authoritarian past and a murky future. The experts use the term of managed democracy for the Russian system of government. The rise of political authoritarianism or managed democracy is an object of fascination for the West. The geopolitical realities such as Russian oil and gas reserves make sure that these Western interests remain engaged in evolution of the Russian democracy. It is hard to conclude whether Russia is still a democracy or not. But one thing is certain that it represents a unique version of democracy which is considerably

IT Business Outsourcing Essay Example for Free

IT Business Outsourcing Essay Outsourcing basically means a process of constricting to another party. It is done at the outsourcing client’s location under their supervision. There are many essential factors which are needed to decide whether to outsource the information process or not. First major factor is the activity or the process itself. Main concern should be the process, whether it’s really needed to be outsourced (Loh et. al, 1992). If it is core job to that organization, then its better not to outsource it. If the task really requires highly efficient skills which is not available in your organization, then it’s better to outsource it. Second most important factor is the financial strategy. While deciding whether to outsource, main goal of company is to save money. It’s essential to verify, what will be the total cost in both the cases, if the task to be performed within the organization or outside. Hence, the main factors for deciding why to outsource are outsourcers cost, their capabilities and the potential end product which ultimately will reduce the risk and increase organization profit. Influence of Risk Assessment on the decision making process when seeking to outsource information processes Risk is always associated with the process of outsourcing. Many organizations who went for outsourcing, failed and few of the reasons are like cultural misalignment, end product not as per the quality and deadlines or delivery times missed. There are mainly two types of risk associated with the process of outsourcing: external risk and internal risk. Read more:Â  Essay on Business Process Outsourcing External risks are those risks which occur outside the organization and upon which organization do not have any control. these risks includes a search of outsourcer who will offer the required skills in a cost effective manner, an exchange rate fluctuation that can impact the cost savings, lack of ability to guard organization intellectual protection property and physical location of outsourcer which includes economic and political risk as well (Aubert, 1998). Internal risks are those risks which occur inside the organization while outsourcing. Language is the most targeted risk if outsourcing happen between two different countries where English is not the primary language and the ability of communicating to outsourcers in a remote location where technology is not so updated. Influence of change management requirements on the decision making process when seeking to outsource information processes One of the key factors for a successful outsourcing is the organizations effective change management policy. Organizations who failed to manage the changes effectively suffer a lot. Within an organization, the most important change management program is to create such a reliable communication strategy, so that the employees don’t feel scared about the job security. There should be proper redeployment and retention plans for all employees to make them feel secure. Proper training should be provided to make them understand how to deal with outsourcers. Few change management factors during this process are good leadership quality, crystal clear procedures, strategy safeguarding stakeholder’s interests, communication strategy and a change-over course of action for every step (Wullenweber et al, 2008). Inclusion of different entities by business when making decisions on the processes to outsource and the third party entity to outsource to Businesses include entities when time comes to decide whether to go for outsourcing or not. When an organization needs a process to be outsourced, decision of top level (CEO or a Director) is essential. Without their confirmation, company can’t think of moving ahead. After the confirmation, now its middle management turns to check whether all the important factors are going in favor of outsourcing or not. Here come different entities like finance, Hr, marketing, quality and third party. Finance department will check outsourcing in terms of cost saving, while HR will check if the company really needs outsourcing staff or it has its own (DiRomualdo et. al. , 1998). Marketing people will do a survey to acquire a list of best outsourcing companies and quality will judge whether the decision is anywhere hampering the quality and how to improve it in future. Third party will also play a vital role as their location, cost of doing outsourcing and few other factors will also effect the decision (W. McFarlan et. al, 1995).

Endangered Species - Causes of Endangerment :: essays papers

Endangered Species - Causes of Endangerment The term endangered is used by international and national organizations to define plants and animals currently in danger of becoming extinct. Although the term endangered is universally used, the definition of an endangered species is greatly varied. In most cases, the factors causing an organism to become endangered are human- related. When discussing the causes of endangered species, it is important to understand that individual species are not the only factors involved in this dilemma. Endangerment is a broad issue, one that involves the habitats and environments where species live and interact with one another. Although some measures are being taken to help specific cases of endangerment, the universal problem cannot be solved until humans protect the natural environments where endangered species dwell. Back in the fall of 1973 Congress passed the Endangered Species Act, the point of which was to identify the plants and animals in the most trouble and come up with plans for saving them. The effort has probably been as controversial as it has been successful (Institute of Advanced Studies 39). Of the more than 1,400 species designated as endangered, only 18 have recovered to the point where they've been taken off the list. Upon signing the Endangered Species Act on December 28, 1973, President Nixon stated "Nothing is more priceless and more worthy of preservation than the rich array of animal life with which our country has been blessed" (Environmental Protection Agency). And now that scientists have cloned the last surviving member of a rare breed of cow, some fear that the public's sense of urgency regarding vanishing species might fade. Why not just clone more owls, the thinking goes; but that, say wildlife experts, would be only a quick fix. "Cloning would provide us with individual animals but not the home to introduce them to in the wild," says Jeff Flocken, endangered species outreach coordinator at the National Wildlife Federation. "Whate ver's causing a species to decline, whether it's exploitation or destruction of a habitat, would continue to put that species at risk of being exterminated" (National Wildlife Federation ). Today there are currently 1246 species of plants and animals that are either on the endangered or threatened list in the United States and 1804 worldwide. Of the 1804 endangered species worldwide, only 975 of them have approved recovery plans (Endangered Species Coalition).

Ethics and Compliance Paper Essay

Starting in Seattle with one store, Starbucks has grown across the country and has become a household name delivering one of the best tasting coffees in existence. The first Starbucks opened in 1971, serving fresh roasted coffees. â€Å"Today, more than 15,000 stores in 50 countries, Starbucks are the premier roaster and retailer of specialty coffee in the world† (Starbucks, para. 7, 2010). The organization has been successful because of excellent managerial skills and implementing sound business decisions. Starbucks mission statement reads as follows: â€Å"to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time† (Starbucks, 2010, p. 1). The company values its relationships with communities, its stores, business partners, shareholders, and employees. Responsible ethical character and compliance helps the Starbucks brand protect its reputation. This paper will explain the role of ethics, procedures, Securities and Exchange Com mission (SEC) compliance, and evaluate the financial performance of the Starbucks organization. Ethics and Compliance Policies A successful organization builds its reputation on honesty and trust displayed to customers and business partners. Starbucks conducts business in an ethical manner that protects reputation and supports its culture by unceasingly striving to do what is right. Starbucks has a commitment to company values that successfully employs a Business Conduct Helpline and a Business Conduct Web-line for questions and guidance. Starbucks has incorporated an Anti-Retaliation Policy and does not tolerate retaliation against anyone reporting misconduct. The organization is an equal opportunity employer and use best practices in the hiring process. Business practices include and are not limited to accurate and truthful business transactions and comply with laws and regulations in any country the company operates in, and encourage partners to understand and adhere to the rules. Starbucks has an outside agent who facilitates and ensures an honest and ethical relationship with government officials throughout the international arena. Partners associated with the Starbucks brand must practice ethical conduct in sales, services, and promote fair competition. Matters dealing with conflicts of interest, gifts and entertainment, and securities are also addressed and implemented by the company. The company closely monitors proprietary information such as new ideas, company records including financial and audit details. Starbucks explains the Ethical Decision-Making Framework to identify ethical issues, give any possible solutions, pursue ideas from others, and take the best approach to resolve unethical matters and follow-up on results. The aforementioned framework empowers each Starbucks associate and affiliate to take responsibility to help maintain Starbucks ethical and honest reputation. â€Å"Ethical behavior is doing the right thing, and ethical dilemmas are everywhere in finance† (Keown, Martin, Petty & Scott, para. 1, 2005). Securities and Exchange Commission’s Regulations According to Ethisphere.com, (2010), Starbucks is one of the most ethical companies in the world for 2010. One of the key points to being an ethical business is to file reports for investors, government bodies, and the public to view. Starbucks complies in one way with the ethics policies set in place by the directors and organization by providing accurate data. The financial records of Starbucks are available to the investors, public and government in a timely manner via the website. The requirement set by the Securities Exchange Committee for a public business is to provide accurate reports in a timely manner. Starbucks publishes an annual report to the Starbucks website for anyone to find via the Internet. The annual report contains cash flow statements of income and expenses. The reports show that Starbucks is performing well even during a tough economic time. The annual report also contains a statement of Starbucks critical accounting policies. Starbucks believes that critical accounting practices are important. Starbucks considers its policies an asset impairment, stock-based compensation, operating leases, self insurance reserves and income taxes to be the most critical in understanding the judgments which are involved in preparing the consolidated financial statements, as stated in the annual report on Starbucks website, (2010). Financial Ratios for the Past Two Years Starbuck’s financial records allow investors, the government, and the public to have a firsthand look into the financial stability of the company. The financial records are available for several years; this allows the long-term financial success of the company to be easily accessible and available anyone wanting to know about the company. As an investor with interest in expanding into Starbucks there are several things the investor should look for. The current ratio allows investors the ability to measure how well a company can pay back short-term debt (Keown, Martin, Petty, & Scott, 2005). Starbucks ability to pay back debt in 2009, increased over 2008. In 2008 Starbucks closed several unprofitable locations (Starbucks Investor Relations- Financial Release, 2009) resulting in the decrease of overhead costs for those locations; allowing for additional funds and increasing the ability for Starbucks to pay back short-term debt. This increases the stability of Starbucks. The availability of extra funds allows Starbucks the opportunity to invest those funds in profitable time value investments. The funds could be invested in the company for improvements or costs for innovate new products. The extra funds could also pay necessary expenses outright. This allows the company to have lower amounts of outstanding credit or loans. The lower the amount of outstanding loans and credit allows for lower credit fees and lower costs. *Current Ratio 2009 2008 Current AssetsCurrent Liabilities 599.81581.0 269.82189.7 37.93% 12.32% Investors can also look at the Debt Ratio of Starbucks. The debt ratio shows the amount of debt a company carries in relation to their assets (Keown, Martin, Petty, & Scott, 2005). Companies must carry some debt to do business effectively. However, the company does not want to carry too much debt. Starbucks has expenses that must be paid for; some of these can be paid using credit. However, the company should ensure they are not charging unnecessarily. Starbucks must also show they are paying off their debt. Starbucks debt ratio decreased from 56.08% in 2008 to 45.38% in 2009 (Starbucks Investor Relations- Financial Release, 2009). Tends in the Ratios This shows a positive financial trend. The company had larger debt in 2008 and was able to repay a good portion of the debt without increasing debt somewhere else in the company, ultimately lower the overall debt of the company. This positive trend will increase the credit status of Starbucks. This will allow the company to have credit available if needed in the future. *Debt Ratio 2009 2008 Total DebtTotal Assets 2531.15576.8 3181.75672.6 45.38% 56.08% Investors can also look at the Return on Equity Ratio. The Return on Equity Ratio measure the amount of net income returned as a percentage of shareholder equity (Keown, Martin, Petty, & Scott, 2005). The main reason investors invest into companies is to make money!! If the investor does not make a sizable return on their investment, they may take their money and decide to invest elsewhere!! The investor wants to have confidence the company is going to make solid decisions that will increase the profitability of the shareholders. Starbucks has seen a decrease in Return on Equity. In 2008 Starbucks Return on equity was 21.10% and in 2009 it fell to 19.64% (Starbucks Investor Relations- Financial Release, 2009). This is a negative trend for Starbucks. Investors do not want to lose money! The decrease was minimal, yet it was a decrease. Overall the company has solid financials. This one negative issue can become a major problem if Starbucks continues to make decisions that allow shareholders equity to decrease. *Return on Equity 2009 2008 Net Income Common Equity 598.23045.7 525.82490.9 19.64% 21.10% *All numbers are in millions Conclusion In conclusion, Starbucks has proven itself to be a good investment for any investor. The organization has been in the business for 30 years and has showed substantial growth throughout. The organization started out with one location and has grown to over 15,000, which are located throughout the globe. The organization as a whole strives to uphold ethical behavior, not only set by the SEC but as well as for them. Not only does the organization uphold a high ethical behavior for them but as well only does business with those who have the same mentality. This was proven by being ranked one of the most ethical places to work and this was according to Ethisphere.com. Even though there was a small decrease in the return on equity from 2008 to 2009, which consequently could be because of the recession that most businesses have been affected by, Starbucks has still proven strong that the organization is still a good investment. The organization has shown an increase in profit and a decrease in debt. All and all, Starbucks is a good investment for anyone who is interested in getting into the business, which the organization has shown through good business decisions and ethical behaviors. Reference Keown, A. J., Martin, J. D., Petty, W. J., & Scott, D. F. (2005). Financial Management: Principles and Applications. Pearson Prentice Hall. Retrieved online on November 22, 2010 located at https://portal.phoenix.edu/classroom/coursematerials/fin_370/20101109/. Starbucks Investor Relations- Financial Release. (2009, 11 4). Retrieved November 20, 2010, from Starbucks: http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-newsArticle&ID=1492291&highlight= SEC. Gov, (2010). The Investor’s Advocate: How the SEC Protects Investors, Maintains Market Integrity, and Facilitates Capital Formation. Retrieved on November 22, 2010 online located at http://www.sec.gov/about/laws/sea34.pdf Starbucks. (2010). About Us. Retrieved online on November 22, 2010 from http://www.Starbucks.com Starbucks website, (2010). Investor relations. Retrieved on November 22, 2010 from Starbucks website http://www.starbucks.com Starbucks website, (2010). Annual Report. Retrieved from Starbucks website on November 20, 2010: http://www.starbucks.com

Key issues facing my organization over the next five years

Amwal was formed in 1998 as a financial planning firm for the women of Qatar under the patronage of HE Shiekha Mozah, the wife of the Emir of Qatar.   As a result of Amwal’s success and reputation it was transformed into a fully licensed investment bank in 2005.Amwal, like most of the investment banks and asset management firms in the region, has benefitted from the unprecedented economic growth, high oil prices, and surplus wealth. The GCC countries are expected to grow over seven percent in the next five years. Qatar is one of the top GCC countries in economic performance.   As such, Qatar’s economy is expected to grow 13% in 2008 as a result of sustained oil prices and the country’s ambitious gas industrialization initiatives.Following Russia and Iran, Qatar has the world’s third largest gas reserves. In terms of energy, these reserves are expected to last for more than 200 years. This growth is not temporary in nature and is expected to continue ov er the long run. During former U.S. Federal Reserve Chairman Alan Greenspan’s recent visit o Jeddah, he was quoted saying that the oil boom would â€Å"go on forever†.All of these factors have resulted in a mushroom effect on the growth of different kinds of financial institutions in the region.   Existing banks are expanding rapidly, new banks are being set up, and many international players from US, Europe, and Asia are setting up shop in this region. In the last two years nearly 280 financial intuitions have surfaced in Qatar and the United Arab Emirates (UAE).In the current market scenario, I believe that Amwal will face the following challenged as it strives to become a world class investment bank:  Carving its own identity and differentiating from its regional peersAmwal has a very strong shareholder base that includes prominent local and regional organizations.   For this reason Amwal’s identity sometimes is overshadowed by affiliation with one of i ts shareholders in the multiple   transactions that Amwal actually facilitates.   As a new investment bank Amwal leveraged its shareholder base to its benefit.   However as we grow it is imperative that we carve out our own identity that will build a strong brand recognition in the region. This is important because it will help Amwal to differentiate itself from its regional competitors, who often operate on similar grounds and similar strengths.   This will occur over the mid   to long range period as Amwal builds on successful deals, takes steps to increase social responsibility, and invests in its employee resources.Competing with global names such as Deutsche Bank, Morgan Stanley and Goldman SachsDue to economic growth and initiatives to develop the capital markets, GCC countries have been successful in attracting global names such as Deutsche Bank, Goldman Sachs, Morgan Stanley, Barclays etc. This presents a unique challenge for a local bank like Amwal to remain compe titive due to its relative inexperience as compared to the multinational investment banks. GCC countries have embarked on a major capital expenditure initiative, developing their infrastructure and other major projects. Qatar alone will spend over $100 billion(U.S.) over the next five years.   This will help to position Amwal as a local expert with global capabilities.Hiring and retaining key staffDue to the spur in new market entrants, banks are competing for the best human resources and often find themselves short of a healthy bench-strength. This has been mainly due to the high turnover, shortage of seasoned professionals, and a general preference to employ western educated professionals with regional experience. This problem is more prevalent for local banks with limited resources.These local banks are rely heavily on key staff such as the senior manages of investment banking and asset management. Amwal is not immune to this problem and has recently developed a policy of retai ning good employees and encouraging its staff to develop further expertise by sending them for training and allowing time off from work for academic studies.   Amwal will face a key challenge of retaining staff and hiring more professionals due to circumstances beyond its control including regional factors such as increased competition and the higher cost of living.Need for a better corporate governanceAnother challenge is creating the right balance of power and accountability between the board of directors, senior management, shareholders,   and internal operating departments.   Amwal has grown tremendously over the last few years and is now planning for its own Initial Public Offering (IPO) early next year to support its current growth and future goals. During the initial years of operation, Amwal’s management style was very centralized with authorities and powers limited to a few key individuals. While this is very common among most local and regional institutions li ke Amwal, this structure usually leads to a financial and strategic gap upon the exit of these key individuals.Amwal has come a long way since its transformation into an investment bank and have developed business policy principles, guidelines, internal and external regulations and monitoring mechanisms. However, as we continue to grow, expand our global reach, and prepare for the IPO, I believe these measures would need to be constantly reviewed and enhanced as they are critical for conducting proper corporate accountability and enhancing business prosperity. Another prevailing impediment is the lack of proactiveness of the local governing bodies that need to substantially enhance the regulatory framework, develop stricter industry guidelines, and encourage transparency.   As an industry leader, Amwal is in a unique position to have a positive effect on the creation of the regulatory industry in the region.ConclusionThese observations are not only unique to Amwal.   Since we ar e in a constantly changing environment it is critical that local and regional institutions identify these challenges and develop a strategic plan to respond to them.   I believe that Amwal is well placed and uniquely positioned for this challenge with its sound business model and comprehensive long range strategic plan.

New York Passes a Married Womens Property Act, 1848

New York Passes a Married Womens Property Act, 1848 Enacted: April 7, 1848 Before married womens property acts were passed, upon marriage a woman lost any right to control property that was hers prior to the marriage, nor did she have rights to acquire any property during marriage. A married woman could not make contracts, keep or control her own wages or any rents, transfer property, sell property or bring any lawsuit. For many womens rights advocates, womens property law reform was connected to suffrage demands, but there were supporters of womens property rights who did not support women gaining the vote. Married womens property law was related to the legal doctrine of separate use: under marriage, when a wife lost her legal existence, she could not separately use property, and her husband controlled the property.   Although married womens property acts, like that of New York in 1848, did not remove all the legal impediments to a married womans separate existence, these laws did make it possible for a married woman to have separate use of property she brought into marriage and property she acquired or inherited during marriage. The New York effort to reform womens property laws began in 1836 when  Ernestine  Rose  and Paulina Wright Davis began to gather signatures on petitions. In 1837, Thomas Herttell, a New York city judge, attempted to pass in the New York Assembly a bill to give married women more property rights. Elizabeth Cady Stanton  in 1843 lobbied legislators to pass a bill. A state constitutional convention in 1846 passed a reform of womens property rights, but three days after voting for it, the delegates to the conventions reversed their position. Many men supported the law because it would protect mens property from creditors. The issue of women owning property was linked, for many activists, with the legal status of women where women were treated as the property of their husbands.   When the authors of the  History of Woman Suffrage  summarized the New York battle for the 1848 statue, they described the effect as to emancipate wives from the slavery of the old common law of England, and to secure to them equal property rights. Before 1848, a few laws were passed in some states in the U.S. giving women some limited property rights, but the 1848 law was more comprehensive. It was amended to include even more rights in 1860; later, married womens rights to control property were extended still more. The first section gave a married woman control over real property (real estate, for instance) she brought into the marriage, including the right to rents and other profits from that property.   The husband had, before this act, the ability to dispose of the property or use it or its income to pay for his debts.   Under the new law, he was not able to do that, and she would continue her rights as if she had not married. The second  section dealt with the personal property of married women, and any real property other than she brought in during marriage.   These too, were under her control, although unlike real property she brought into the marriage, it could be taken to pay debts of her husband. The third section dealt with gifts and inheritances given to a married woman by anyone other than her husband.   Like property she brought into the marriage, this also was to be under her sole control, and like that property but unlike other property acquired during marriage, it could not be required to settle her husbands debts. Note that these acts didnt completely free a married woman from economic control of her husband, but it did remove major blocks to her own economic choices. The text of the 1848 New York Statute known as the Married Womens Property Act, as amended in 1849, reads in full: An act for the more effectual protection of the property of married women: §1. The real property of any female who may hereafter marry, and which she shall own at the time of marriage, and the rents, issues, and profits thereof, shall not be subject to the sole disposal of her husband, nor be liable for his debts, and shall continue her sole and separate property, as if she were a single female. §2. The real and personal property, and the rents, issues, and profits thereof, of any female now married, shall not be subject to the disposal of her husband; but shall be her sole and separate property, as if she were a single female, except so far as the same may be liable for the debts of her husband heretofore contracted. §3. Any married female may take by inheritance, or by gift, grant, devise, or bequest, from any person other than her husband, and hold to her sole and separate use, and convey and devise real and personal property, and any interest or estate therein, and the rent s, issues, and profits thereof, in the same manner and with like effect as if she were unmarried, and the same shall not be subject to the disposal of her husband nor be liable for his debts. After the passage of this (and similar laws elsewhere), traditional law continued to expect a husband to support his wife during the marriage, and to support their children.   Basic necessaries the husband was expected to provide included food, clothing, education, housing, and health care.   The husbands duty to provide necessaries no longer applies, evolving because of an expectation of equality of the sexes.

Technology, Privacy, Accounting, Finance, and Governance Values Analysis

Technology, Privacy, Accounting, Finance, and Governance Values Analysis Introduction Nowadays, privacy in the workplace has become a prominent concern for many organizations. The issue of privacy has become a subject of concern as a result of an increased rate of employees monitoring in the workplace. The high rate of electronic monitoring of employees has caused a conflict between the rights of employers to safe guard their business, versus employees privacy.Advertising We will write a custom assessment sample on Technology, Privacy, Accounting, Finance, and Governance Values Analysis specifically for you for only $16.05 $11/page Learn More The legal rights of employees as well as rights of the employers’ varies from one state to another which affects the strategies that firms adopt in enforcing the monitoring rights. Nonetheless, most federal and state laws support employees monitoring which has made many firms to adopt employee monitoring systems. Employees monitoring is very controversy as it goes beyond legal rights to encompass moral obligations of employers and employees which are difficult to differentiate (Hartman DesJardins, 2011). Employers versus Employees Rights Employees monitoring in United States of America was legalized as early as in 1986 with the enacting of Electronic Communications Privacy Act (ECPA). The act allows employers and system administrators to monitor activities in their computer systems. The enacting of ECPA allowed employers to have legal rights to monitor employee’s activities in the workplace. Generally, an employer is mainly the owner of workstations, phones, servers, software and communication devices that employees use. The employer provides these devices in order to facilitate business operations. Therefore, an employer has an interest to monitor activities on these systems for liability and security reasons. An employer can opt to monitor employees telephone conversations, emails as well as non-personal telephone calls made on business phones without giving prior notice to employees, unless in the State of California where employees’ monitoring is highly regulated by the government. Whereas the enacting of ECPA protects employers from insecurity and liability associated with illegal use of employers electronic systems such as pirating, fraud or sale of company trade secretes. The act also provides protection for employees’ privacy. The act does not allow monitoring of employees personal communications that are made over the company systems.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In addition, the act does not allow employers to monitor conversations of their employees that are made though the employees cell phones. Thus, the act is very effective as it tries to safe guide employers’ rights as well as the rights of employees in ensuring that employees’ personal affairs are not interfered with (Hartman DesJardins, 2011) How Does Technology used at Daimler Affect Employees Privacy Daimler corporate has a very efficient and effective technology that ensures privacy of its employees who use its systems. The company has installed its servers, as well as users workstations with appropriate password and other security measures to safeguard information that is received or transmitted over its systems from unauthorized external access. To enhance the protection of employees’ privacy, its systems encrypt personal data that is transmitted over public networks. Private and application-related access protection has been installed in order to safe guard personal data in Daimler corporate database. These protection measures have been adopted by the organization as its strategy to ensure safe data management, which controls responsibilities and authorization to safe guard the privacy of employees. How Daimler Protect Employees Personal Information At Daimler Corporation, i t is only its authorized personnel that are allowed to collect process or use personal data. Authorized personnel monitor emails, voice mails and telephone conversations that are transmitted over the companys systems, for those employees it suspects to wrongly use the companys systems. However, the company does not allow its system administrators to use employees’ personal data for private purposes, transmission of such data to unauthorized people, or making available of such data to unauthorized persons. Accounting Principles Financial performance of an organization is considered as a significant part of an entity as it is responsible for determining how other departments and processes within the organization are run. In U.S., Organizations are required to abide by the General Accepted Accounting Principles (GAAP) that were enforced in 2002 through the enacting of Sarbanes- Oxley Act (SOX).Advertising We will write a custom assessment sample on Technology, Privacy, A ccounting, Finance, and Governance Values Analysis specifically for you for only $16.05 $11/page Learn More The act requires companies to report specific data in their financial annual reports. In being compliant in honoring SOX act, Daimler Company has been consistent in disclosing its internal controls, audit committee structures as well as codes of ethics and conduct. In order for Daimler to be SOX compliant, its CEOs and CFOs sign an attestation that make them liable for any financial data reported. Signing of this document verifies that its officers have reviewed all financial data reported and verified that it is correct. Signing of this document makes the officers to be responsible for any internal controls that have occurred. This requirement is contained in section 302 of the act (Taylor, 2012). On the othe4 hand, section 204 of the act requires organizations to monitor how overall financial processes are run. This entails how organizations information sys tems are run and secured. Public Company Accounting Oversight Board (PCAOB) is the body that helps external auditors decipher if an organization they are auditing is SOX compliant. Those companies that have reported false data are penalized and declared as incompliant. Thus, that is why it is imperative for employers to electronically monitor employees’ activities to avoid any liability or insecurities as a result of their employees’ misconduct. Conflict of Interests Many organizations are concerned about conflicts of interests for their corporate board members and executives. Board members should concentrate on the concerns of their companies and not on outside interests. Therefore, board members should not let their personal interests surpass the decisions they make as directors (Murray, 2012). Executive Compensations The Federal law requires clear disclosure about compensations of CEOs, CFOs as well as three other high ranking officers. The company should disclose a mount and type of compensation given to CEO, CFO as well as three other most highly paid officers. In addition, the company should disclose the criteria it uses to come up with executive compensations as well as the degree of relationship that exist between executive compensation practices versus corporate performance (U.S. Securities and Exchange Commission, 2012).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Legal and Ethical Responsibilities of Board Members Board members in Daimler Company are required to abide in honoring the duty of care that requires them to discharge their duties in good faith and in a manner that they believe to be of maximum benefit to the company. They are also required in honoring the duty of royalty. Board members should avoid using their positions or the assets of the company in a manner that will result to their monetary benefits or monetary gains of their family members. Lastly, the board members should honor duty of obedience. Board members ought to make sure that they follow the companys governing documents while exercising their powers and duties. They should ensure that the companys assets are used lawfully. They should also make sure that they comply with the states laws that dictate how business should be run (Levy, 2012). Areas of Compliance and Improvements Daimler Company is compliant in accounting practices according to SOX, executive compensatio ns, Legal and Ethical responsibilities of board members, but the company will require enforcing its management of conflict of interests by adopting a conflict of interest policy and make every director to sign and abide by it. Conclusion Employers should ensure that they monitor electronic activities of employees in order to protect themselves from any liability and security problems associated with illegal use of electronic systems. The employers should ensure that they have a policy that regulates employees monitoring process that all employers are aware of before, even before being hired. The employers should avoid intruding in private matters of their employees, but limit their monitoring to work related issues. Daimler has a very effective internal and external control that effectively manages the various stakeholders who are involved in its business transactions. However, the company requires adopting a conflict of interest policy. Reference List Hartman, L. DesJardins, J. (2 011). Business Ethics: Decision Making for Personal  Integrity and Social Responsibility (2nd ed.). New York :McGraw-Hill. Levy, J. (2012). Ethical and Legal Responsibilities of Board Members. Web. Murray, J. (2012). What Should a Conflict of Interest Policy for My Corporate Include? Web. Taylor, C. (2012). SOX Compliance- Regulatiting Accounting Standards. Web. U.S. Securities and Exchange Commission. (2012). Executive Compensations. Web.