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Ethics and corporate performance
Ethical moral and legal issues in companies
The corporation's business ethics
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Business Regulation Simulation Introduction According to the BNET business dictionary, regulation is “the use of laws or rules stipulated by a government or regulatory body, such as the Securities and Exchange Commission, to provide orderly procedures and to protect consumers and investors.” (BNET, 2008) Business regulation is not limited to these sorts of issues, though. As is the case with Alumina, the Environmental Protection Agency (EPA) also sets standards that need to be enforced to protect the business as well as the community in which it operates. Because the employees at Alumina adhere to the regulations and standards set by the EPA there is little risk to them when issues arise. However, Alumina’s unfortunate experience with the water pollution five years ago earned them a violation of the EPA rules. Now Alumina is targeted as the cause of a young girl’s case of leukemia. Despite the incident five years ago, executives at Alumina are confident that they are in compliance with all the rules now. The negative publicity incurred by the allegations could be detrimental to the future of Alumina. Cautious decisions need to be made whenever a case of this nature is initiated. Legal counsel should be consulted in reacting to any such allegations and decisions should be made that maintain the best interests of the company while preserving the community relationship. Key facts, regulations, and legal issues The mission of the EPA is to establish and enforce standards that must be followed in order to maintain a clean environment. They have set regulations to limit such pollutions as air and water. Alumina had a spill five years ago into a local waterway. This violation of EPA regulations and its aftermath earned Alumina unwanted negative publicity that proved embarrassing. As Alumina is getting past that incident, accusations of inadequate emissions being the cause of a newly diagnosed leukemia case threaten to mar their reputation yet again. The legal issues associated with this case include whether or not they are in compliance with the regulations and whether or not they should disclose the business records being requested in part or in their entirety. According to the simulation, “citizens can request information from the records of government agencies and their private enterprises, under certain conditions, to bring contentious issues to their rightful conclusion.” (Business Regulation Simulation) In the simulation the records were requested to find a link between any violations Alumina may be guilty of with the development of the leukemia.
The contract between the Alvarez Companies and Laduzinski carried the certain elements of a basic contract since there was an offer, an acceptance, and a consideration. Perez offered plaintiff a position with the Alvarez companies, adding that the company was interested in obtaining plaintiff's contacts to have
Inspector Scanlan tried his best to send different letters to each agency to report what he was finding at Centralia No.5. When the director of the Department of Mines and Minerals Robert M. Medill and Supervisor Robert Weir received thirteen letters on the violations of Centralia these individual just put off the reports as “routine”. Centralia Company did not comply with the m...
The EPA and our Airport are going to work diligently together, it is important to not just work with them but to listen and act on what they say. Im very high on the EPA and find it difficult to see what is happening to our environment, my goal is to make our airport as green as
Exxon/Mobil, one of the nation’s leading oil producers, has its main refinery located in Beaumont, Texas. Each year, the residents of Beaumont/Port Arthur have to contend with the 39,000 pounds of pollution spewed each year by the Exxon refinery. Exxon’s emissions are 385% above the state refinery average. In 1999, the Texas Natural Resources Conservation Committee (TNRCC) allowed the plant to increase their emissions, without allowing the public to have a say in the matter. Interestingly, 95% of the people living near the plant are of African American descent and are in the poverty range. Some believe that this, along with the lack of education in the area, allows Exxon to get away with such high emissions. Residents in nearby neighborhoods have been complaining of headaches, nausea, eye, and throat irritation for years. Since 1997, Mobil has repeatedly violated health standards in its emissions of two key air pollutants: sulfur dioxide and hydrogen sulfide, These “rotten egg” smells are so strong, one can smell it through a car driving past the refinery. After numerous complaints and one record of a refinery worker becoming unconscious because of the fumes, the EPA awarded Exxon with a $100,000 environmental justice grant in October of 1998. Hopefully, Exxon has put the money to good use and cleaned up their emissions.
The Environmental Protection Agency (EPA) regulates air pollution through various policies passed through the Supreme Court. The scope of this paper is to investigate the Clean Air Act of 1970, and to analyze the impact it has on businesses and society. It provides a rationale for the policy, and contains a brief overview of governmental involvement in regulating air pollution. Further investigation identifies key stakeholders in business, government, and society, and assesses the pros and cons of regulating air pollution. Finally, the paper concludes with limitations of this analysis and recommendations for future action.
The EPA operates from a number of laws and regulations designed to function as its foundation for protecting the environment and the health of the public. Congress allows the EPA to write regulations in order to support the ideas for implementing these regulations. For that reason they are known as a regulatory agency. These regulations fall under two categories: Laws and Executive Orders (EOs) that influence environmental protection and Laws and EOs that Influence the Regulatory Process.
The problem with pollution prevention is that it requires people to understand more than the intimate details of the production process; they must also understand the technical possibilities. Many corporations have environmental managers, which are generally responsible for helping corporations comply with the law. According to the case study, the work of environmental managers often expose them to many pollution prevention solutions, but they often have trouble getting access to production areas. Production often sees Environmental Managers as "the compliance police".
The Criminal Process in Environmental Regulation. (n.d.). UH Law. Retrieved April 6, 2014, from http://www.law.uh.edu/faculty/thester/courses/Environmental-Practicum-2014/syllabus/chap6.pdf
Within the Gilbane Gold case, the major problem is the contribution of water pollution by dumping chemicals to speed production for Z CORP. However, there is doubt as to what extent the company violated city regulations. Tom Richards believes that Z-CORP broke regulations repeatedly but Professor Massin believes that it is not solid evidence. Part of the problem is that two different tests are involved: an older and a less sensitive test which does not break regulations but there is also the newer and more sensitive one which does. The newer test was said that the company just broke city regulations, but not by a large amount.
Bleifuss, Joel. "A Deadly Disorder at the EPA." In These Times. Mar. 2013: p. 20. SIRS Issues Researcher. Web. 03 Apr. 2014.
Supply and demand plays an intricate role in the amount, price, and availability of products and services. The applying supply and demand concepts simulation guides users through making decisions for Goodlife, a management company for 2 bedroom apartments in Atlantis. The simulation names the user the property manager; responsible for vacation residents, new pricing for units, and advertising. The property manager makes decisions in circumstances including the changing of supply cure, demand curve, microeconomics, macroeconomics, and the equilibrium of price and quantity. All of these decisions move the business along as conditions change around it.
The Commission's interpretative regulation explains the company's obligations and those of the Commission.. This requires manufacturers of a consumer product to report to the Commission if a particular model of a consumer product is the subject of three civil actions that have been filed in Federal or State court, each suit alleges the involvement of that model in death or serious injury to the body. Then at least three of the actions will result in a final settlement involving the manufacturer; or in a judgment for the plaintiff within any one of the two year periods specified. The first two year period began to run on January 1, 1991 and ends on December 31, 1992. The second two year period starts on January 1, 1993; the third, on January 1, 1995; and so forth. Manufacturers must file a report within 30 days after the settlement or judgment in the third civil action to which the reporting requirement applies.
Legal factors involve the laws that a firm has to abide by, i.e consumer laws, employee laws…Understanding the varying laws and regulations in a given region of operation is critical to avoiding unnecessary legal costs.
Regulations provide the baseline environmental standards that industry is required to follow. Without environmental regulations, industry would not be able to meet the same standards by themselves. Environmental regulations may not always be in the best interest of the industry due to their costly and sometimes prohibitive nature. In response to these concerns, the establishment of incentive programs increases the likelihood of industry complying with and potentially exceeding the minimum environmental standard. Incentive programs motivate industry to meet and exceed environmental standards by allowing them to benefit financially by aiming for higher than regulation
...tion and regular control programs for different types of waste-water discharge. The EPA supports all acts that could help save our reefs or to find the causes on why our reefs are disappearing.