University:
John Jay College of Criminal Justice
Course:
LAW 209 | Criminal Law
Academic year:

2023
Views:

115

Pages:

1
Author:

A. Mehraj

RECOMMENDED ANTI-CORRUPTION NORMS FOR INTERNAL COMPANY DOCUMENTS Lecture Notes I. Introduction • The following anti-corruption norms are recommended for incorporation into a company's internal documents: II. Norms for Enhancing Transparency and Combating Corruption A. Implementation of Effective Financial Flow Control System • Implementation of a robust system to monitor financial flows within the company. B. Transformation of Audit Committees and Boards of Directors into Active Entities • Empowering audit committees and boards of directors to function effectively. C. Establishment of Corruption-Prone Area Monitoring System • Creation of a monitoring system to identify and address corruption-prone areas within the company. D. Introduction of Disciplinary and Material Sanctions for Violating AntiCorruption Procedures • Introducing a system of disciplinary and material sanctions for individuals breaching established anti-corruption protocols. III. Consideration of Stakeholders' Interests • Stakeholders in these recommendations refer to any groups whose interests are affected by the company's operations, including shareholders, managers, business partners, and consumers. A. Ethical Rules and Procedures Among Stakeholders • Implementation of ethical rules and procedures among stakeholders is vital for the company. • Three main stakeholder groups are identified: shareholders, directors, and managers. B. Shareholders' Objectives • Shareholders aim to generate income from the company's activities, which can be achieved through dividends and increased stock values. • Shareholders' interests can be divided into majority and minority shareholders. C. Majority Shareholders • Majority shareholders focus on the company's long-term development and lower risks. • They prioritize capitalizing profits over dividend payments to ensure stability and strategic growth. Incorporating these anti-corruption norms into internal documents aligns with the company's commitment to transparency, ethical practices, and stakeholder interests.

Recommended Anti-corruption Norms For Internal Company Documents

Related Documents

Description

Related Documents

Free up your schedule!

Take 5 seconds to unlock