Ethical situation in business Essay Example | Topics and Well Written Essays - 1250 words

Ethical situation in business - Essay Example panies need to emphasize on ethics in order to satisfy their employee pool and use existing human resource pool in to fillip growth (Trevino & Nelson, 2010, p. 194). Code of ethics helps the company to build sustainable image in front of their stakeholders. Unethical business practice creates negative image in front of shareholders and government of the country. In the extreme case of unethical behaviors like fraud, bankruptcy, misrepresentation of company asset or any kind of forgery government takes legal action against the company. Legal action against the company not only hurts market reputation of the company but negatively affects shareholder’s interest. In the given situation companies of USA has designed ethical assistance lines for employees to report ethical concern or ask question about companies business pattern in order to create a transparent ethical environment in the organization. The following diagram will show propensity of employee to report unethical business practice of the company (Ferrell, Fraedrich, & Ferrell, 2009, p. 222). The company will only accept projects for which they have the requisite knowledge, expertise and experience to accomplish task successfully. The company will engage only those employees who have the requisite expertise and knowledge to complete the project in accordance to demand of clients. Employees of the company will take care of the confidential client information and must not disclose any of the information in public without taking formal permission from clients. Disclosing client information to their competitor’s is strictly prohibited and employees practicing such unethical transaction will be under legal jurisdiction of Federal Government. Employees and the company will not accept any kind of bribe, remuneration, commission or any kind of fringe benefit from third party connected to clients without taking prior permission from clients. The company will disclose such kind of monetary offer from third

Legal relationships Essay Example | Topics and Well Written Essays - 250 words

Legal relationships - Essay Example The there are various types of lease contracts and with different terms and conditions. The lease involved in this instance is the lease of real property. However, various issues are associated in the transfer of a piece of real estate. According to Pfeiffer, Timmerbell, Johannes Dotter and Idwell, the legal consequences associated with the transfer of leased piece of real estate property is dependent on the application of the civil code (2009). If there is the application of the civil code to the lease contract, it offers the possibility of the acquirer to terminate existing lease contract under the terms and provision offered by the law. This is done within fourteen days if not agreed upon and the seller has the obligation of compensating the lessee. The transfer of the contract by the lessee is possible through a sublease or if the lease contract contains provisions allowing the transfer. However, there are various provisions and it is advisable to review each case individually. Conclusively, it is possible to transfer the lease to another prospective investor if an individual is unable to continue financing the lease contract. It requires that a person follow the outlined formalities in order to facilitate the transfer of the lease contract. This assist to ensure that the transfer of the piece of real property is conducted appropriately without creating potential problems that can be faced. Pfeiffer G. F,   Timmerbeil Sven, Johannes dotter  F&  Tidwel K. L. (COL). (2009).International asset transfer: an overview of the main jurisdictions : a practitioners handbook .New York: Walter de