Values shape individuals' thinking and behavior through either instrumental or terminal values. Instrumental values are certain behaviors appropriate in all situations, while terminal values are enduring beliefs in attaining an end state. Values can stem from religion, philosophy, or family and become ingrained ways of behaving ritually or with politeness. Ethics involve studying moral obligations to distinguish right from wrong, and business ethics concern values management regarding right and wrong in the workplace, specifically regarding obvious mischief or moral mazes.
Values are basic principles which guide individuals.
These are strong beliefs, deep rooted ideologies & core thoughts which are carried by individuals.
Values can be defined as basic standards or ideal behavior that states about one’s judgment – what is important in life.
Organizational values can be defined as a set of ethical ideals which must be obeyed by all employees.
Basic Characteristics of Values are:
Values set moral standards.
Attitudes & behavior are based on values.
Values are permanent & close.
Values prepare scope for motivation.
Formation of Values:
Value-forming activities of various social institutions (family, school, state & religion )
Values of an organization (levels, structure, strategy & goal congruence )
Peers / colleagues in the organization (we feeling, team work, caring & empathy )
Work & career aspects ( planning, organizing, staffing, leading, controlling & career planning )
Professional code of conduct (increasing source of ethical norms for managers in business organizations.
Types of Values are:
Instrumental
Terminal
Theoretical
Economic
Aesthetic
Social
Political
Religious
Ethics is More than a Code: Ethical Foundations, Positive Ethics, and Ethical Decision-Making
This was a day-long, 6 hour CE course.
Not for the faint of heart.
Topics covered:- Introduction, Historical aspects of Ethics, Correlation between values and behavior, Ethics at work place, objectives and benefits of ethics at work place, problems associated with unethical practices.
Lifting the Corporate Veil. Power Point Presentationseri bangash
"Lifting the Corporate Veil" is a legal concept that refers to the judicial act of disregarding the separate legal personality of a corporation or limited liability company (LLC). Normally, a corporation is considered a legal entity separate from its shareholders or members, meaning that the personal assets of shareholders or members are protected from the liabilities of the corporation. However, there are certain situations where courts may decide to "pierce" or "lift" the corporate veil, holding shareholders or members personally liable for the debts or actions of the corporation.
Here are some common scenarios in which courts might lift the corporate veil:
Fraud or Illegality: If shareholders or members use the corporate structure to perpetrate fraud, evade legal obligations, or engage in illegal activities, courts may disregard the corporate entity and hold those individuals personally liable.
Undercapitalization: If a corporation is formed with insufficient capital to conduct its intended business and meet its foreseeable liabilities, and this lack of capitalization results in harm to creditors or other parties, courts may lift the corporate veil to hold shareholders or members liable.
Failure to Observe Corporate Formalities: Corporations and LLCs are required to observe certain formalities, such as holding regular meetings, maintaining separate financial records, and avoiding commingling of personal and corporate assets. If these formalities are not observed and the corporate structure is used as a mere façade, courts may disregard the corporate entity.
Alter Ego: If there is such a unity of interest and ownership between the corporation and its shareholders or members that the separate personalities of the corporation and the individuals no longer exist, courts may treat the corporation as the alter ego of its owners and hold them personally liable.
Group Enterprises: In some cases, where multiple corporations are closely related or form part of a single economic unit, courts may pierce the corporate veil to achieve equity, particularly if one corporation's actions harm creditors or other stakeholders and the corporate structure is being used to shield culpable parties from liability.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Values are basic principles which guide individuals.
These are strong beliefs, deep rooted ideologies & core thoughts which are carried by individuals.
Values can be defined as basic standards or ideal behavior that states about one’s judgment – what is important in life.
Organizational values can be defined as a set of ethical ideals which must be obeyed by all employees.
Basic Characteristics of Values are:
Values set moral standards.
Attitudes & behavior are based on values.
Values are permanent & close.
Values prepare scope for motivation.
Formation of Values:
Value-forming activities of various social institutions (family, school, state & religion )
Values of an organization (levels, structure, strategy & goal congruence )
Peers / colleagues in the organization (we feeling, team work, caring & empathy )
Work & career aspects ( planning, organizing, staffing, leading, controlling & career planning )
Professional code of conduct (increasing source of ethical norms for managers in business organizations.
Types of Values are:
Instrumental
Terminal
Theoretical
Economic
Aesthetic
Social
Political
Religious
Ethics is More than a Code: Ethical Foundations, Positive Ethics, and Ethical Decision-Making
This was a day-long, 6 hour CE course.
Not for the faint of heart.
Topics covered:- Introduction, Historical aspects of Ethics, Correlation between values and behavior, Ethics at work place, objectives and benefits of ethics at work place, problems associated with unethical practices.
Lifting the Corporate Veil. Power Point Presentationseri bangash
"Lifting the Corporate Veil" is a legal concept that refers to the judicial act of disregarding the separate legal personality of a corporation or limited liability company (LLC). Normally, a corporation is considered a legal entity separate from its shareholders or members, meaning that the personal assets of shareholders or members are protected from the liabilities of the corporation. However, there are certain situations where courts may decide to "pierce" or "lift" the corporate veil, holding shareholders or members personally liable for the debts or actions of the corporation.
Here are some common scenarios in which courts might lift the corporate veil:
Fraud or Illegality: If shareholders or members use the corporate structure to perpetrate fraud, evade legal obligations, or engage in illegal activities, courts may disregard the corporate entity and hold those individuals personally liable.
Undercapitalization: If a corporation is formed with insufficient capital to conduct its intended business and meet its foreseeable liabilities, and this lack of capitalization results in harm to creditors or other parties, courts may lift the corporate veil to hold shareholders or members liable.
Failure to Observe Corporate Formalities: Corporations and LLCs are required to observe certain formalities, such as holding regular meetings, maintaining separate financial records, and avoiding commingling of personal and corporate assets. If these formalities are not observed and the corporate structure is used as a mere façade, courts may disregard the corporate entity.
Alter Ego: If there is such a unity of interest and ownership between the corporation and its shareholders or members that the separate personalities of the corporation and the individuals no longer exist, courts may treat the corporation as the alter ego of its owners and hold them personally liable.
Group Enterprises: In some cases, where multiple corporations are closely related or form part of a single economic unit, courts may pierce the corporate veil to achieve equity, particularly if one corporation's actions harm creditors or other stakeholders and the corporate structure is being used to shield culpable parties from liability.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Defending Weapons Offence Charges: Role of Mississauga Criminal Defence LawyersHarpreetSaini48
Discover how Mississauga criminal defence lawyers defend clients facing weapon offence charges with expert legal guidance and courtroom representation.
To know more visit: https://www.saini-law.com/
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
Visit Now: https://www.tumblr.com/trademark-quick/751620857551634432/ensure-legal-protection-file-your-trademark-with?source=share
Car Accident Injury Do I Have a Case....Knowyourright
Every year, thousands of Minnesotans are injured in car accidents. These injuries can be severe – even life-changing. Under Minnesota law, you can pursue compensation through a personal injury lawsuit.
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...Massimo Talia
This guide aims to provide information on how lawyers will be able to use the opportunities provided by AI tools and how such tools could help the business processes of small firms. Its objective is to provide lawyers with some background to understand what they can and cannot realistically expect from these products. This guide aims to give a reference point for small law practices in the EU
against which they can evaluate those classes of AI applications that are probably the most relevant for them.
Responsibilities of the office bearers while registering multi-state cooperat...Finlaw Consultancy Pvt Ltd
Introduction-
The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordinary And Special Businesses And Ordinary And Special Resolutions with Companies (Postal Ballot) Regulations, 2018
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
Law practice
1. Values & Ethics in business
Values
Abstract ideals thatshapean individual’sthinkingand behavior –a moral compass
Instrumental values – certain way of behavingis a appropriatein all situations –“means”.
Terminal values – enduring belief in the attainment of a certain end state – “ends”.
A moral compass
These abstractideals can resultfrom
Religion
Philosophy
Family teachings
Instrumental values
As the means to an end they become the ingrained ways of behavior.
Rituals
Politesse
Good habits
Terminal values
With the end always in sight
Heaven
Respect
Financial Success
Power
Ethics
The study of moral obligation involvingthedistinction between rightand wrong
Business ethics:rightor wrong in the workplace – valuemanagement.
Two areas of business ethics
Obvious mischief
Moral mazes
