Small Group Project Essay Example | Topics and Well Written Essays - 1000 words

Small Group Project - Essay Example The Ethics Review Committee under the chairmanship of the Compliance Officer is responsible for setting these ethical standards. After review of existing codes of conduct and related laws and regulations, the following codes of conduct applies to all management and employees of ECG, and are accountable for complying with this code of conduct: Adherence to applicable laws and regulations All employees in all ranks of the company must adhere to the legal requirements of the American government and countries that ECG conducts business. They must also adhere to the regulations of local authorities and commands that affect the company or its line of business. The laws and regulations that affect ECG are many; therefore, the company will provide guidelines on certain laws. The Compliance Officer will be available to answer any questions pertaining all laws that can affect the firm or its operations (Bacher, 2007). Conflict of interest This results when personal interests of employees and d irectors clash in any way with the interests of the firm. Despite having the right to engage in personal investments, enjoy private relationships and maintain normal business courteousness, employees, and management of ECG must not engage in activities or interests that may hinder their job responsibilities. Conflict of interest may also result when a member of staff pursues interests and actions that may negatively influence their performance. According to Hansen (2010), conflict of interest may also result when an employee, director or family members receive inappropriate gifts or benefits due to their relationship with the firm, whether the gain is from the firm or a client. Examples of conflict of interest are credit, guarantees for credit to employees and members of their families. Federal laws criminalize loans to executives and top management (Hansen, 2010). Working concurrently for a competitor, supplier or client amounts to a conflict of interest. Despite the fact that it i s not always easy to determine a conflict of interest, it is the firm’s policy to forbid such conflicts whenever feasible. Conflicts of interests may not be obvious in all circumstances; therefore, employees are advised to consult with the compliance officer whenever questions arise. Privacy All members of staff of all ranks at ECG must ensure the discretion of information entrusted to them by the firm, its clients, or suppliers except when admission is demanded by the firm, or required by laws and regulations or a court order. Classified information includes, but not confined to non-public information that may be utilized by opponents or injurious to the firm or its clients when revealed. Whenever possible, all members of staff must seek the guidance of the Compliance Officer if they believe that they have a lawful responsibility to divulge private information. Fair dealing Every member of staff in the company must strive to transact in a fair manner with the firm’s c lients, colleagues, and business competitors. No one should take undue advantage of the other through manipulation, misuse of privileged information, suppression, falsification of true facts and blackmail among other acts of unfair practice. Abusing trade secret information that was retrieved without owner’

Critical Literature Review Example | Topics and Well Written Essays - 1500 words - 1

Critical - Literature review Example 6.5 million and a medium enterprise can have up to 250 employees with a turnover of ?25.9 million. (BIS, 2011). SMEs are not only playing a significant role in the economy of United Kingdom but they are also major contributor in reducing the unemployment in the country. â€Å"Small and medium sized enterprises (SMEs) are an important part of UK economy. Out of nation 4.3 million business enterprises 99% are SMEs, accounting for well over half of the employment (58.9%) and turnover (51.9%).† (Dyerson & Hari, 2008, p. 139). Today, adoption of IT or Information and Communication Technology (ICT) by SMEs is not an option but a compulsion and business requirement. Businesses cannot afford to live and exit in isolation rather they have to integrate themselves with all new technologies that happened to exist and prevail in the society. The impact of information technology on the society has instigated new domains and horizons of information technology in the SMEs businesses and aware ness has begin to increased among European states some two decades back with the invent of internet and information explosion. â€Å"Earlier EU policies in support of Small and Medium Enterprises (SMEs) tended to focus on their role in creating employment. Over the past decade, there has been a pronounced shift to encourage greater SME participation in the information society and increased policy interest in the role that SME may play in innovation.† (Stanford-Smith, Enrica & Mireille, 2002, p.987). Apart from the size of an SME, the significance of an information technology framework is unquestionable for its existence, operation and growth. The role of IT in any business is multi faceted and it may range from internal operations and data repositories to eMarketing and eCommerce. The globalization of businesses has necessitated the induction of tools and trade of information technology into the SMEs all over the world. The strategic importance of SMEs in the economic growth of a country has grown multi times and governments try to enhance and boost economic escalation through the growth of SMEs to achieve sustainable economic strength. The adoption of information technology by SMEs is the tactical side of this strategic objective. Therefore, the governments not only encourage the use of technology but also enforce the use of these technologies to ensure better management and to guard public interest through IT enabled services by SMEs. These efforts were not limited to individual states but were also collaborated internationally by organizations like OECD. An early example of these steps includes the establishment of â€Å"Technology Development Centers (TEKES) in order to assist SMEs in planning development programs which include new technology and international cooperation.† (OECD, 1998, p. 82). United Kingdom being a member of OECD has been playing a pivotal role in the growth of SMEs and thereafter in the strengthening process of the SMEs wh ich includes but not limited to the adoption and encouragement of information technologies in these businesses. â€Å"Here again the operations are concentrated on the OECD countries and the main sectors include: technical and engineering studies, agro foods, chemicals, parachemicals and pharmaceuticals, information technology and electronics.† (OECD, 1998, p. 83). Threats and challenges always come bundled with the adoption of any technology and the information techn