Corporate Compliance

Research Paper # 110503

Business > Accounting
Business > Law
Business > Management

A review of how a compliance program ensures that an organization is honest in its dealings and meets its legal and ethical obligations.

2,700 words () | 37 sources | APA | 2008 United States

Paper Summary:

The paper discusses a company's executive management team's need to have a company-wide compliance management system in place. The paper highlights that this is an important responsibility for small and large organizations. The paper discusses two important regulations, the Sarbanes-Oxley Act (SOX) and the Health Information Portability and Accountability Act (HIPAA) with which companies must comply. The paper reviews the situations of 12 individual companies in the corporate world and its efforts to comply with government rules and regulations.

Outline:
Corporate Compliance: CareNet West
The Department of Veterans Affairs
Firestone Tires and Rubber Company
Burger King
Cleveland Clinic
Buco de Pepo

From the Paper:

"The Department of Veterans Affairs' Inspector General was not aware of his staff breaking company policy by taking confidential information home. Although it is not believed that the staff had any malicious intent, immediate action was necessary by the Department upon knowledge of the incident. Even if the incident did not go public, the VA Inspector General would have probably taken the same precautions. Firestone Tires on the other hand has no intent of rectifying the situation at hand. Profit seems to drive the company, and the best interest of the workers and environment seem to have no consequence. "

Sample of Sources Used:

Bernstein, A., & Holmes, S. (2004, September 20). The New Nike. Retrieved October 27, 2007 from, Website: http://www.businessweek.com/magazine/content/04_38/b3900001_ mz001.htm
Bishop, T. (2007). Google raises Microsoft antitrust concern. Retrieved October 27, 2007 from website: http://seattlepi.nwsource.com/business/319231_msftgoogle09ww.html
Business Ethics. (What's New)? (Brief Article)." HRMagazine 48.6 (June 2003): 193(1). InfoTracOneFile. Thomson Gale, University of Phoenix.
CBSNews (2007, March 28). Burger King To Serve Up Cage-Free Food. Retrieved October 27, 2007 from, Website: http://www.cbsnews.com/stories/ 2007/03/28/business/main2618928.shtml
Chew Jr., Donald H. & Gillan, Stuard L. (2005). The state of U.S. corporate governance: What's right and what's wrong. The McGraw Hills Companies, Inc.