Assent's latest research paper attempts to clarify the relationship between companies’ environmental compliance strategies, and their profitability (as measured by their stock prices). An independent analysis—performed by two prestigious U.S. institutions: consulting firm Watermark Advisors, and Vanderbilt University’s Owen Graduate School of Management—examined the performance of one hundred publicly traded companies (Assent Customers). As Assent customers, these companies had all invested significantly in their compliance programs.
- Did Their Stock Price Outperform the Market at Large?
- How Much or How Little?
- What Latent Functions Could Investing in Compliance Cause?
- Why Should Companies Invest Vs Do the Bare Minimum?
- What Conclusions Can we Draw About Investing in Compliance.
2016 Financial Services M&A Predictions: Rising to the challengeDeloitte UK
This year’s Financial Services M&A Predictions report explores the key drivers of M&A activity going forward, specifically market disruption and technology; consolidation and growth; and regulatory change. Looking at recent M&A activity, the report predicts how these trends will impact M&A across the whole spectrum of financial services in 2016.
2016 Financial Services M&A Predictions: Rising to the challengeDeloitte UK
This year’s Financial Services M&A Predictions report explores the key drivers of M&A activity going forward, specifically market disruption and technology; consolidation and growth; and regulatory change. Looking at recent M&A activity, the report predicts how these trends will impact M&A across the whole spectrum of financial services in 2016.
Many quality dimensions are hard to contract upon and are at risk of degradation when services are procured rather than produced in-house. However, procurement may foster performance-improving innovation. We assemble a large data set on elderly care services in Sweden between 1990 and 2009, including survival rates - our measure of non-contractible quality - and subjectively perceived quality of service. We estimate how procurement from private providers affects these measures using a difference-in-difference approach. The results indicate that procurement significantly increases non-contractible quality as measured by survival rate, reduces the cost per resident but does not affect subjectively perceived quality.
A brand new BEACON (Volume 5, Issue 9) with infographic, riddles and business crossword newly introduced in it.
Company Analysis- TESLA
Brand Analysis- APLLE INC.
Case Analysis- Mumbais Dabbawala
Concept of the Month - Blockchain
This study focuses, firstly, on the pricing of electricity in the Finnish retail market. In particular, the impact of the ownership structure on prices is tested empirically. Secondly, the influence of low-cost electricity sources on retail prices is considered. The question about whether the average fuel costs rather than the wholesale price determines the retail prices is thus addressed. The supply side behaviour characterized may explain the passivity of client activity in the seemingly competitive Finnish market.
Christmas 2015 proved to be a difficult one for UK retail. What happened? We identified four themes that are key to understanding the dynamics of the current retail market and provide a framework for realising exactly the disruption caused by the growth of online
Presentation given on November 17 to Canadian Business for Responsibility Members in Webinar. Focusing on highlights of 2011 and what to consider in 2012 in the field of corporate responsibility.
Edelman Trust Barometer 2010 Irish resultsPiaras Kelly
The Edelman Trust Barometer highlights that in contrast to other European countries, Ireland is experiencing a profound and continuing trust crisis. Trust in government and business in Ireland is the lowest in Europe, with business falling from 38% in 2009 to just 31% in this year’s survey. This is against a global average of 50%. Government (the political process) fairs little better with trust levels plummeting to an all time low of 28% from 31% against a global average of 49%. Trust in media and NGO’s has also fallen, but to a lesser extent.
In Grossman and Helpman’s (1994) canonical "Protection for Sale" (PFS) model political competition between industry lobbies is purely driven by their interests as consumers. This paper introduces demand linkages and oligopolistic competition into PFS framework to address the rivalry among lobbies due to product substitutability. It shows that increased substitutability weakens the interest groups’ incentives to lobby and reduces tariff distortions. This may explain why empirical tests of PFS find surprisingly little impact of lobbies on the government trade policy decision. The paper also analyzes endogenous lobby formation, suggesting that demand linkages may adversely affect industry decision to get organized.
by Elena Paltseva, forthcoming in Canadian Journal of Economics
This paper reports results from a laboratory experiment exploring the relationship between reputation and entry in procurement. There is widespread concern among regulators that favoring suppliers with good past performance, a standard practice in private procurement, may hinder entry by new (smaller or foreign) firms in public procurement markets. Our results suggest that while some reputational mechanisms indeed reduce the frequency of entry, so that the concern is warranted, appropriately designed reputation mechanisms actually stimulate entry. Since quality increases but not prices, our data also suggest that the introduction of reputation may generate large welfare gains from the buyer.
EU Conflict Minerals Update -- Amnesty International Report ReviewMatt Whitteker
UPDATE - Due to recent results in the EU Parliament's vote on EU Conflict Minerals, Assent Compliance will be adding a Summary of the decision along with Impacts and Timelines.
Assent Compliance will be hosting a free, 30 minute webinar on Tuesday May 26th, to address the recent EU Conflict Minerals vote and analyze the recently released Amnesty International & Global Witness report called Digging for Transparency.
The EU Conflict Minerals Vote has laid down some drastic changes over the originally proposed Voluntary measures, including:
- Mandatory rules for all 880,000 EU Manufacturer's that use 3TGs
- Global scope that far exceeds the DRC region
Assent Compliance will help you understand the latest on EU Conflict Minerals by addressing the following items:
- Potential Impact of the Rules
- Next Steps
The Amnesty International report makes several claims against industry's efforts towards Conflict Minerals including:
- 80% of companies have failed to meet the minimum requirements of the US Conflict Minerals Law
- Only 16% are going adequately mapping their Supply Chain
- More than 50% of companies do not report risks to Senior Management
This report has set of alarms for many companies impacted by the law and caused them to re-examine their efforts for 2015.
Reach webinar additional information assent april 2015Matt Whitteker
A possible new interpretation for Articles is on the table but that is not all... There are important lists and annexes associated with REACH compliance that keep updating.
We will review:
• CoRAP - 134 Substance Evaluations
• Restriction Proposal Decisions
• Authorisation Applications
• Registry of Intentions
• Proposed SVHCs
• Recommendations for the Authorization List
We will discuss how these changes affect you and your products. We'll also ensure you know what to focus on and some key tips to practically handle REACH Compliance.
Why Companies Succeed.
Assents CEO presents an insightful look on why companies succeed. Relying on chance alone is not a strategy.
http://www.assentcompliance.com
Many quality dimensions are hard to contract upon and are at risk of degradation when services are procured rather than produced in-house. However, procurement may foster performance-improving innovation. We assemble a large data set on elderly care services in Sweden between 1990 and 2009, including survival rates - our measure of non-contractible quality - and subjectively perceived quality of service. We estimate how procurement from private providers affects these measures using a difference-in-difference approach. The results indicate that procurement significantly increases non-contractible quality as measured by survival rate, reduces the cost per resident but does not affect subjectively perceived quality.
A brand new BEACON (Volume 5, Issue 9) with infographic, riddles and business crossword newly introduced in it.
Company Analysis- TESLA
Brand Analysis- APLLE INC.
Case Analysis- Mumbais Dabbawala
Concept of the Month - Blockchain
This study focuses, firstly, on the pricing of electricity in the Finnish retail market. In particular, the impact of the ownership structure on prices is tested empirically. Secondly, the influence of low-cost electricity sources on retail prices is considered. The question about whether the average fuel costs rather than the wholesale price determines the retail prices is thus addressed. The supply side behaviour characterized may explain the passivity of client activity in the seemingly competitive Finnish market.
Christmas 2015 proved to be a difficult one for UK retail. What happened? We identified four themes that are key to understanding the dynamics of the current retail market and provide a framework for realising exactly the disruption caused by the growth of online
Presentation given on November 17 to Canadian Business for Responsibility Members in Webinar. Focusing on highlights of 2011 and what to consider in 2012 in the field of corporate responsibility.
Edelman Trust Barometer 2010 Irish resultsPiaras Kelly
The Edelman Trust Barometer highlights that in contrast to other European countries, Ireland is experiencing a profound and continuing trust crisis. Trust in government and business in Ireland is the lowest in Europe, with business falling from 38% in 2009 to just 31% in this year’s survey. This is against a global average of 50%. Government (the political process) fairs little better with trust levels plummeting to an all time low of 28% from 31% against a global average of 49%. Trust in media and NGO’s has also fallen, but to a lesser extent.
In Grossman and Helpman’s (1994) canonical "Protection for Sale" (PFS) model political competition between industry lobbies is purely driven by their interests as consumers. This paper introduces demand linkages and oligopolistic competition into PFS framework to address the rivalry among lobbies due to product substitutability. It shows that increased substitutability weakens the interest groups’ incentives to lobby and reduces tariff distortions. This may explain why empirical tests of PFS find surprisingly little impact of lobbies on the government trade policy decision. The paper also analyzes endogenous lobby formation, suggesting that demand linkages may adversely affect industry decision to get organized.
by Elena Paltseva, forthcoming in Canadian Journal of Economics
This paper reports results from a laboratory experiment exploring the relationship between reputation and entry in procurement. There is widespread concern among regulators that favoring suppliers with good past performance, a standard practice in private procurement, may hinder entry by new (smaller or foreign) firms in public procurement markets. Our results suggest that while some reputational mechanisms indeed reduce the frequency of entry, so that the concern is warranted, appropriately designed reputation mechanisms actually stimulate entry. Since quality increases but not prices, our data also suggest that the introduction of reputation may generate large welfare gains from the buyer.
EU Conflict Minerals Update -- Amnesty International Report ReviewMatt Whitteker
UPDATE - Due to recent results in the EU Parliament's vote on EU Conflict Minerals, Assent Compliance will be adding a Summary of the decision along with Impacts and Timelines.
Assent Compliance will be hosting a free, 30 minute webinar on Tuesday May 26th, to address the recent EU Conflict Minerals vote and analyze the recently released Amnesty International & Global Witness report called Digging for Transparency.
The EU Conflict Minerals Vote has laid down some drastic changes over the originally proposed Voluntary measures, including:
- Mandatory rules for all 880,000 EU Manufacturer's that use 3TGs
- Global scope that far exceeds the DRC region
Assent Compliance will help you understand the latest on EU Conflict Minerals by addressing the following items:
- Potential Impact of the Rules
- Next Steps
The Amnesty International report makes several claims against industry's efforts towards Conflict Minerals including:
- 80% of companies have failed to meet the minimum requirements of the US Conflict Minerals Law
- Only 16% are going adequately mapping their Supply Chain
- More than 50% of companies do not report risks to Senior Management
This report has set of alarms for many companies impacted by the law and caused them to re-examine their efforts for 2015.
Reach webinar additional information assent april 2015Matt Whitteker
A possible new interpretation for Articles is on the table but that is not all... There are important lists and annexes associated with REACH compliance that keep updating.
We will review:
• CoRAP - 134 Substance Evaluations
• Restriction Proposal Decisions
• Authorisation Applications
• Registry of Intentions
• Proposed SVHCs
• Recommendations for the Authorization List
We will discuss how these changes affect you and your products. We'll also ensure you know what to focus on and some key tips to practically handle REACH Compliance.
Why Companies Succeed.
Assents CEO presents an insightful look on why companies succeed. Relying on chance alone is not a strategy.
http://www.assentcompliance.com
RoHS2 or the RoHS Recast was drafted in 2008 and took effect on January 2, 2013. The RoHS2 directive still restricts the usage of six hazardous substances to electrical and electronic equipment. The revision added three categories of products with expiration dates. Most importantly, RoHS2 requires manufacturers to CE-mark their products. Manufacturers must provide declaration of conformity before CE-marking their product.
RESEARCH OUTLINE 1
RESEARCH OUTLINE
Name
Institution
Date
Lafarge is a construction company that provides construction solutions worldwide. It is the leading contributor in constructions of cities worldwide. Lafarge offers solutions in infrastructure, building, oil and gas, affordable housing and distribution. The company offers solutions in almost any project one hopes to start. It is the world’s leading company in building materials with cement, aggregate and concrete businesses. Lafarge has very many projects in every aspect it contributes to. It contributes largely in employment in different countries by offering variety of jobs and internships to prospective candidates.
An outline mapping the elements that will help in my research on the Lafarge Company.
Shares and Dividends.
An analysis of the share prices in a period of at least five years will be done. This will aim at showing the trend in share prices over that period. This trend will provide information necessary in financial analysis. The information will help us report on the financial position of the company. Another element would be the dividends paid out to the shareholders. Dividends are an example of cost of money therefore; the payout ratio shows how profitable the company is. An analysis of the type of shareholders the company has would also help in the analysis. Other analyses would be trends on earnings per share, dividends per share and dividend payout ratio.
Financial statements.
Financial statements like Statements of financial position, income statements, etc. are very useful in financial analysis. Lafarge publishes its statements annually. They include press release, shareholders publication, consolidated accounts, etc. An extensive research and analysis of the same will highly contribute to my research on the company. A ratio analysis will be done to give conclusions on the liquidity, profitability, shareholders’ contribution and stability of the company.
Creditinformation
This is information on the debts of the company. This information is very useful in determining the financial position of a company. Credit information will help in making the best conclusion on how well the company can meet its debts with respect to its assets. The level of credit will also help in determining the creditworthiness of the company. This is information that will help on my research of the company’s performance.
Investments
An analysis of the company’s investments will help in the research. Investments are the largest sources of revenues to a company. The cost of money brought about by these investments is a prime contributor to the company’s financial position. Therefore, analyzing the investment records will greatly help in the research. A thorough analysis of the level of finance invested and returns from each investment are to be done.
Assets and Liabil ...
Running head CURRENT ECONOMIC TRENDS1CURRENT ECONOMIC TRENDS .docxtodd271
Running head: CURRENT ECONOMIC TRENDS 1
CURRENT ECONOMIC TRENDS 3
Current Economic Trends
Jonathan Max Burkett
Capella University
January 13, 2019
Current Economic Trends
An economy is the management and utilization of a country’s resources to create the desired stability in terms of industry, money, and trade. Economies of countries rely on a network of purchase and sale of goods, taxes, and savings made by the central bank in terms of investment (Pons, 2000). A country’s economic stability is achieved when the wealth the industry and service sector are producing outweigh the money being spent. Trends refer to the socio-economic advancements of interests among commodities, music, films, fashion, and finance. Trends are mostly affected or influenced by affluent individuals or groups in society. In the 21st century trends have earned a position in the financial and economic sectors of the world as economy determining factors.
Industries are setups used to collect raw material of different kinds and manufacture and process them to attain a finer product than the original raw material. Around the world global consumerism has resulted in the construction of varieties of industries ranging from food, textiles, machinery, and agriculture. Industries may either be service or manufacture and processing. Modernization promotes the industrial revolution due to the demand for complex and efficient products (Baten, 2016). The availability of a vast selection of products has seen an annual influx of newer companies that offer better and more complex products. Economically there are two types of industries; cyclical and non-cyclical industries.
Cyclical industries are business or organization tied to market and price variations. Fluctuation within a business’s year affects the cyclical industry directly. Positive growth within the business boosts the business while negative growth results in the collapse of a business (Gordon & Robert J, 2000). Cyclical industries' activities move with an annual or seasonal business cycle. Examples of cyclical industries include the auto, airlines, housing, furniture, appliance, and financial services industries. Non-cyclical industries maintain their overall business performance all year round. Differences in productivity have little to no effect on business operations. Non-cyclical industries remain fairly constant over time. These include such industries as food, pharmaceuticals, utilities, and cosmetics.
American airlines have recently merged with US airlines expressing a steady growth percentage of 93%. Lawsuits, devastating weather patterns, and competition have seen the airline struggle through the past years with the stock prices dropping and insignificantly rising through it all. Apple, a technological giant amongst mobile and personal computer manufactures, has been on the rocks for quite some time. A collapse in iPhone sales has seen the company struggle to maintain the produ.
How can you be sure that you are getting best value for your pound from your suppliers? Start by looking through our Market Intelligence briefing which covers areas as diverse as Merchant Card Payments and the future of Print. Then drop me an email if you want to discuss these or other areas of procurement in more detail at a.birse@erauk.net.
Factor Endowments12,13LO7.2The sources of national advantage; .docxssuser454af01
Factor Endowments12,13
LO7.2
The sources of national advantage; that is, why an industry in a given country is more (or less) successful than the same industry in another country.
Classical economics suggests that factors of production such as land, labor, and capital are the building blocks that create usable consumer goods and services. 14 However, companies in advanced nations seeking competitive advantage over firms in other nations create many of the factors of production. For example, a country or industry dependent on scientific innovation must have a skilled human resource pool to draw upon. This resource pool is not inherited; it is created through investment in industry-specific knowledge and talent. The supporting infrastructure of a country—that is, its transportation and communication systems as well as its banking system—are also critical.
Factors of production must be developed that are industry and firm specific. In addition, the pool of resources is less important than the speed and efficiency with which these resources are deployed. Thus, firm-specific knowledge and skills created within a country that are rare, valuable, difficult to imitate, and rapidly and efficiently deployed are the factors of production that ultimately lead to a nation’s competitive advantage.
For example, the island nation of Japan has little land mass, making the warehouse space needed to store inventory prohibitively expensive. But by pioneering just-in-time inventory management, Japanese companies managed to create a resource from which they gained advantage over companies in other nations that spent large sums to warehouse inventory.
Demand Conditions
Demand conditions refer to the demands that consumers place on an industry for goods and services. Consumers who demand highly specific, sophisticated products and services force firms to create innovative, advanced products and services to meet the demand. This consumer pressure presents challenges to a country’s industries. But in response to these challenges, improvements to existing goods and services often result, creating conditions necessary for competitive advantage over firms in other countries.
Countries with demanding consumers drive firms in that country to meet high standards, upgrade existing products and services, and create innovative products and services. The conditions of consumer demand influence how firms view a market. This, in turn, helps a nation’s industries to better anticipate future global demand conditions and proactively respond to product and service requirements.
Denmark, for instance, is known for its environmental awareness. Demand from consumers for environmentally safe products has spurred Danish manufacturers to become leaders in water pollution control equipment—products it successfully exported.
Related and Supporting Industries
related and supporting industries (national advantage)
the presence, absence, and quality in the nation of supplier industries and othe ...
The European Chemicals Agency (ECHA) updated the SVHC Candidate List on December 17th, 2014. This update added 6 substances to the current substance of very high concern list. This brings the total number of SVHC’s to 161. What does this mean for your products, your company and your compliance team? Assent is hosting a free webinar to examine the full spectrum of implications on Jan 21st, 2015.
CMRT (Conflict Minerals Reporting Template) Data Validation Matt Whitteker
CMRT (Conflict Minerals Reporting Template) Data Validation is the second subject covered in Assents Conflict Mineral 2015 Webinar Series. For information about Conflict Mineral Compliance visit: http://www.AssentCompliance.com
Conflict Minerals Survey -- Tulane University Matt Whitteker
In a follow up survey of companies effected by Dodd Frank Section 1502 Chris Bayer of Tulane university conducted a thorough industry bench-marking survey. The results are broken down in sections:
Profile of affected companies
Internal company resources utilized
External resources utilized
Cost summary
Synergies
Market impact
Good practices
It’s encouraging to note that Assent Compliance was listed as a global top 3 provider of conflict mineral compliance software in terms of adoption rate. A huge thank you to all the Assent customers and suppliers that exchange data on our platform.
You can download the full survey here: Conflict Minerals Survey — Tulane Post Filing
Need a hand with anything compliance related? Email us at Info@AssentCompliance.com
Advancing Compliance Assurance and EHS Management Systems Matt Whitteker
At Assent we’re very active in the compliance community. One of the industry associations we are a proud member and sponsor of is The National Association of EHS Managers (NAEM). It is the largest professional community for corporate environmental, health and safety, and sustainability decision-makers. Assent recently attended NAEM’s Advancing Compliance Assurance and EHS Management Systems conference and was able to get some great insights into the topics affecting compliance and EHS managers today. Here was the agenda: http://ehscompliance.naem.org/agenda.php
RoHS Exemption List - Review By: Assent Compliance Matt Whitteker
www.assentcompliance.com
Assent Compliance outlines the RoHS exemption list and associated information. Assent Compliance provides companies with RoHS support and software services. If you need a hand with anything compliance related please email info@assentcompliance.com
REACH Regulation - Frequently Asked Questions Matt Whitteker
http:/www.AssentCompliance.com
Assent Compliance examines the frequently asked questions around the EU REACH regulation.
What is REACH?
How does it apply to me?
What are SVHC's ?
Does the REACH List change?
And many other important questions examined. Need a hand with REACH Compliance? Email info@assentcompliance.com
CMRT 3.01 - Comparison To The EICC Gesi Template Matt Whitteker
http://www.assentcompliance.com
Assent reviews in full detail the differences between the CMRT 3.01 (conflict minerals reporting template) and the EICC Gesi template. The CMRT has officially replaced the EICC Gesi as the industry accepted standard. Do you know the difference? Here is the full breakdown.
Need a hand with anything compliance related? Email: info@assentcompliance.com
Conflict Mineral Compliance - Frequently Asked Questions Matt Whitteker
www.assentcompliance.com
Assent Compliance answers the most common frequently asked questions with regards to conflict mineral compliance.
- What are conflict minerals
- What if we are a private company
- What is the difference between the CMRT 3.01 and the previous form
- We do not use 3TG's - What now?
And a host of other FAQ's. If you have any questions about conflict minerals and or conflict mineral compliance email: info@assentcompliance.com
www.assentcompliance.com Assent Compliance looks at psychological mechanisms to improve supplier conversion rates around product compliance and data collection. This unique spin on classic psychology research takes readers through a variety of studies and their application to supply chain. Visit http://www.assentcompliance.com or email info@assentcompliance.com for more information.
Conflict Mineral Compliance Toolkit For Executives Matt Whitteker
Assent Compliance was the only software vendor that the SEC consulted with when passing the Conflict Minerals legislation. Assent has been on the ground floor and has been able to work with over 20% of S&P 500 companies in scope of the law. We've compiled this Ebook to assist with companies that need to comply. This is a play book with everything you need to know. If you want more information visit http://www.assentcompliance.com or email info@assentcompliance.com
Product Compliance Software Vendor Sourcing Guide Matt Whitteker
Choosing a Product Compliance Software / Services Vendor can be a daunting prospect. At Assent we've made things easy with the following guide. We look at best practices, different service, business models and give you an indepth look at how to source a product compliance vendor for software and services.
CMRT 3.01 Different Between EICC - Gesi Form Matt Whitteker
The CMRT 3.01 form has replaced the previous EICC Gesi form for conflict mineral reporting. The CMRT 3.01 is now the industry standard reporting form. This presentation by Assent Compliance outlines the differences between the previous template and the new one. If you need any help with conflict minerals compliance or would like clarification on this document please do not hesitate to contact info@assentcompliance.com or visit at http://www.assentcompliance.com
RoHS II Compliance Presentation - Assent ComplianceMatt Whitteker
Assent Compliance hosted a free webinar on January 29th, covering RoHS II Compliance and the changes you will need to implement within your existing RoHS program in order to achieve compliance.
This webinar will address processes and rules to consider when reviewing your current RoHS program for compliance with RoHS II.
The topics of discussion will include:
o Reviewing RoHS
o Reviewing RoHS II
o Changes between RoHS and RoHS II
o CE Marking Implications
o RoHS II Technical Files
o Standards associated with RoHS and RoHS II
o Exemption Expirations
Assent Compliance hosted a free webinar on January 15th, covering the newly released substances on the SVHC list.
This webinar will address the new SVHCs officially added to the candidate list by the ECHA. The topics of discussion will include:
o What are the substances?
o Where are they used?
o A review of what the current Authorization list looks like
o What substances might be included next?
o How can Assent help?
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. Introduction
Compliance regulations are often seen as taxes and or cost centers for companies. Each time new compliance
regulations are passed, lobby groups challenge the regulation’s efficacy, declaring the cost of compliance will
result in huge losses along with potential job cuts and subsequently launch court appeals. Is compliance simply
a cost center? Can companies that embrace compliance with mandated regulations and rally to put in place
in-depth programs compete or do they get left behind by the competitors who either outright avoid compliance
or do the bare minimum? If compliance related costs put firms with the most robust programs at a disadvan-
tage, should those not playing fair see the greatest impact to their bottom line? Through independent analysis
with Watermark Advisors and Vanderbilt Owen Graduate School of Management, an analysis of 100 public
Assent Compliance customers was conducted to see if, over a 5-year period, those that invested significantly in
their compliance programs outperformed the market (S&P 500).
Summary
Page 1 of 6 | Stock Price and Business Case For Compliance www.assentcompliance.com
Stock Price and Business Case For Compliance
Stock Price Analysis-5 Year Returns
The stock prices for the selected companies and S&P
500 were obtained via Yahoo! Finance for February
20, 2015, August 20, 2014, February 20, 2013, Febru-
ary 17, 2012, and February 19, 2010. All stock prices
were adjusted for splits, reverse splits, buybacks, and
additional equity issuances. Dividends were excluded
from this analysis, so the analysis focused solely on
stock prices and the return attributable to the change
in stock price from one period to the next.
Time 0 3 Year 4 Year 4.5 Year 5 Year
$100.00 $232.61 $358.80 $343.89 $346.59
$100.00 $132.78 $161.57 $174.62 $185.33
$100.00 $192.31 $272.55 $264.66 $276.56
$100.00 $132.78 $161.57 $174.62 $185.33
$100.00 $148.10 $199.16 $190.43 $193.52
$100.00 $132.78 $161.57 $174.62 $185.33
Top 10 Assent Customers
S&P 500
Top 20 Assent Customers
S&P 500
Customers 100 Public Sample
S&P 500
Cohort Breakdown
The returns were analyzed by assuming an investor
put $1.00 into a company covered by the compliance
software and $1.00 into the S&P 500 at time t = 0
(February 19, 2010). For each date, the percentage
change in per share price is the assumed dollar
change in the initial investment. E.g. if a stock
increased from $50 at t = 0 to $100 at t = 1, the $1.00
invested at t = 1 would be worth $2.00, a 100% return
on investment.
Researched performed independently by Jacob Wrot MBA Vanderbilt University | Investment Baking Analyst - Watermark Advisers
3. In presenting the chart, the ten companies with the
highest five year returns were juxtaposed with the
S&P 500. The five year return was selected over other
potential time frames to smooth out any short-term
fluctuations in a business-cycle, thus yielding a more
meaningful measure of long-term performance.
The S&P 500 was chosen as the benchmark for this
analysis because of its ubiquity when speaking about
large cap U.S. equities. The index includes 500 leading
companies and captures approximately 80% domestic
market capitalization.
Over the analyzed five year period, the top ten com-
panies using the compliance software had an average
total return of 247%, equating to a 28% compound
annual growth rate (CAGR). Over the same five year
period, the S&P 500 had a total return of 85%, which
equates to a CAGR of 13%.
Page 2 of 6 | Stock Price and Business Case For Compliance www.assentcompliance.com
$70.00
$60.00
$50.00
$40.00
$30.00
$20.00
$10.00
$0.00
Time 0 3 Year 4 Year 4.5 Year 5 Year
MNTX
TDY
BC
TMO
CFX
HON
SPA
IMAX
HAR
S&P 500
ESL
Top 10 Assent Customers 5 Year Performance
If an investor had allocated $10 to each of the top ten
compliance firms ($100 in total), on February 19, 2010,
their $100 investment would now be worth $347
compared to only $185 had the investor invested in
the S&P 500 over the same time period.
$400.00
$350.00
$300.00
$250.00
$200.00
$150.00
$100.00
$50.00
$0.00
Time 0 3 Year 4 Year 4.5 Year 5 Year
Top 20 Assent Clients Versus the S&P 500
Compliance Firms S&P 500
Over the five year period, the top twenty companies
using the compliance software have an average
total return of 177%, a 23% CAGR. As stated above,
the S&P 500 had a total return of 85% (13% CAGR).
If an investor had invested $5 in each of the top
twenty performing compliance firms, $100 total, on
February 19, 2010, their $100 investment would
now be worth $277 compared to only $185, had the
investor allocated to the S&P 500 over the same
time period.
$300.00
$250.00
$200.00
$150.00
$100.00
$50.00
$0.00
Time 0 3 Year 4 Year 4.5 Year 5 Year
Assent Customers 100 Public Sample
Compliance Firms S&P 500
Over the five year period, all of the companies using
the compliance software have an average total
return of 94% (14% CAGR) compared to the 13%
CAGR of the S&P 500.
If an investor had invested $2.13 in each of the
companies using the compliance software, $100
total, on February 19, 2010, their $100 investment
would now be worth $194 compared to $185 with
an investment in the S&P 500 over the same time
period.
The Case for Compliance
It is often said that correlation is not causation, and
we cannot definitively say there is a departure from
that thinking here. Investing in a compliance
program does not cause returns to exceed those of
the market, but given the evidence above, we
cannot discard the idea that investment in com-
plaint companies is a profitable strategy when
measured against returns of the market at large.
4. Page 3 of 6 | Stock Price and Business Case For Compliance www.assentcompliance.com
Additionally, a multitude of latent benefits and
positive externalities may result from allocating
capital toward a basket of compliant firms.
Companies Investing in Compliance
Ensure Continued Market Access
Measured, by GDP the European Union is the most
lucrative market in the world. It is also the most
heavily regulated market in the world. The RoHS
regulation, which largely affects electronic
manufacturers, was the first major Restricted
Substance List (RSL) that came with a heavy punitive
burden for those in breach. This then paved the way
for the all-encompassing (all articles and chemicals
in scope) REACH regulation. Noncompliance with
these regulations means no market access, heavy
fines, and jail time if companies are found in breach.
The global trend is toward more regulation as
developed countries and their consumers place
more emphasis on the sourcing of their wares and
material constructs. Companies that choose not to
invest face loss of market access and should
therefore look at their compliance program as
mission critical.
The Need for Speed – When New
Regulations are Passed
As regulations come with stiffer enforcement
penalties and become more prominent in sheer
number, firms must be prepared for what is ahead
in order to comply quickly with any new regulations
coming online. Governments are becoming more
attentive and aggressive each year in passing
legislation that responds to social concerns of the
day – Dodd Frank section 1502 Conflict Minerals
being a prime example. The responsibility and
burden this places on companies are real and will
impact company reputations for those in breach. In
a recent (Aug 2014) Compliance Week article titled
“A New Breed of Regulations Won’t End with Conflict
Minerals” the author identifies where regulators
might look next:
Death Metal
A geographic hot spot that could lead to new law or
regulations is Indonesia. Tin produced in the region is
controversial, not just because of ongoing human
rights concerns, but for environmental reasons as
well. Recent protests have targeted Apple, Samsung,
Sony, LG, and others about the damage done to
tropical rainforests from tin mining in the country.
Palm Oil Problems
Palm oil, also produced in Indonesia along with other
countries, is another product drawing close attention
from activists and could end up on the radar of
regulators. Child labor is alleged to be widespread in
Indonesia’s palm oil industry. An investigative report
by Bloomberg Business Week, published in July,
documented evidence of human trafficking, violence
against workers, and slavery.
Wood
Certain wood, produced both domestically and
abroad, could end up on the list of materials
regulators want more information on regarding use
and initial source. Where companies get their wood,
and how they ensure proper reforestation programs
are in place, is a growing concern. Swedish furniture
maker Ikea, for example, consumes nearly one
percent of the total wood used commercially around
the world, making it one of the largest demanders of
wood in the retail sector. As such, it has been under
increasing pressure from activists to use source
products more responsibly. The company, in its most
recent sustainability report, insists it has done so.
Cobalt
It wasn’t included in the list of four conflict minerals
cited by the Dodd-Frank Act, but many speculate
cobalt could be eventually added.
5. Page 4 of 6 | Stock Price and Business Case For Compliance www.assentcompliance.com
The Democratic Republic of Congo, targeted by the
rule, is also the world’s largest producer the mineral.
Cobalt is used as a blue pigment in many paints and
is widely used as a component of lithium ion
batteries. Its strength and durability has also made it
a preferred metal in tool construction, notably drill
bits, along with artificial joints and limbs.
Dirty Water:
A wide range of other physical commodities could
also, rather easily, fall under the regulatory umbrella,
including the sourcing of cotton, leather, food items,
and even water.
It Doesn’t End There. What about Poor
Sourcing Practises?
Factory Conditions: Reports of harsh working
conditions and employee suicides at China-based
manufacturer Foxconn have been an ongoing PR
nightmare for Apple and other tech companies
relying on the cheap labor Foxconn provides. Worker
safety also came to light, in dramatic fashion, earlier
this year when a garment factory collapse in
Bangladesh killed 1,129 workers. Following the
disaster, many retailers agreed to sign a legally
binding European accord requiring retailers to fund
fire safety and building improvements at the
Bangladesh factories they utilize. A non-legally
binding effort spearheaded in the U.S. for its
companies has been less successful, with firms like
Walmart and GAP citing legal liabilities for their
refusal to sign on. Although federal legislation to
force an EU type of agreement is unlikely, expect to
see shareholder activists push a similar agenda.
Human Trafficking and Slavery: Many U.S regulations
can trace their origin to similar efforts that initiated
either overseas or in their domestic markets.
Potential rules for public companies regarding human
trafficking and slavery would be an example of both.
The California Transparency in Supply Chains Act
requires many companies doing business in
California to disclose efforts they have taken to
eliminate human trafficking and slavery from their
supply chains. The law applies to retail sellers and
manufacturers in the state with annual worldwide
gross receipts exceeding $100 million.
In a climate where a multitude of regulations could
affect firms of all sizes, those that invest in a scalable
compliance program will win the race for market
access and favored market status. See “How Apple
Increased Its Market Cap by 8 Billion Dollars in 1 Day
through Compliance” (below).
When Your Biggest Clients Come
Knocking – Will you be Complying?
In the compliance space, it is often the biggest
companies who have the largest scope of regulatory
burden, but that does not mean SMB’s are exempt
or should be less attentive to the compliance
landscape. As tier 1 firms invest in their programs,
their supply chain will inevitably have to follow suit.
Being in a position where a large contract can be
withdrawn for noncompliance can be devastating to
smaller firms. For businesses who sell to the
government, this can also be highly impactful to the
bottom line. Say for example your firm is in
aerospace and defense. The government is
incentivized to uphold regulations it passes or risk
being challenged on their logic in passing the
regulation. Firms of all sizes and member of all
sectors must be cognizant of the notion that when
their larger client base invests in a compliance
program they will surely expect/demand the same of
their supply chain. Investing early is the best solution
to avoid business disruption.
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Compliance Means Bigger and Better
Data:
Firms who invest in their compliance program
improve data quality and control. This has direct
affects during the R&D phase and a strong
compliance program permeates through the
engineering department allowing both speed and
efficiency in the department. One of the most
crippling things to happen for a firm can be
conducting a recall due to non-compliant parts. With
a robust and developed compliance program firms
can help mitigate this financial and PR risk.
8 Billion Dollars In Market Cap and The
Business Case For Compliance:
On the day Apple announced it was 100%
conflict-tantalum free, the media was quick to pick up
the story and Apple was featured on popular tech
blogs, the New York Times and dozens of other tier 1
media outlets. (Mashable, Venture Beat, LA Times,
etc) . What did this mean for its bottom line? At the
opening bell, Apple’s stock price was $535 and come
market close, it was $544. Apple had 892 Million
shares outstanding. Thus, the resultant increase in
market cap was (892 million x $9 =) ~$8 billion. While
companies often see compliance and sustainability as
simply an expense item, it shows that both Main Steet
and Wall Street reward compliant companies.
Consumers gravitate toward brands who publicize
their compliance and Wall Street rewards them. It
seems then that investment into a compliance
programs can pay huge dividends. In a recent article
published by the National Association for
Environmental Management (NAEM) they cite as their
headline: The Business Case for Sustainability is
Getting Easier To Make. Among leading companies,
the concept is widely understood both in theory, as
well as in operational terms. These advanced efforts
have rippled throughout the entire business
ecosystem, spurring new attention to sustainability at
all levels of the supply chain.
Broader cultural awareness of sustainability means
employees are coming to work with a better
understanding of the topic, which makes it an easier
sell for those seeking buy-in for their projects. This
alignment includes those in leadership roles as well,
as sustainability has gone from an abstract external
conversation to one that relates to what companies
are doing internally. As one Assent customer
(included Top 10 category above and with
sophisticated sustainability/compliance program) was
quoted, “After a few years of watching and listening
and trying to understand what was being talked
about with regards to sustainability, our team and
myself and many of the professionals in our function
said, ‘Well that’s what I do. Or that’s mostly what I
do.’” Indeed, according to NAEM’s 2012 report on EHS
and Sustainability Staffing and Structure, the top
programs respondents identified as “sustainable” fall
within the responsibilities of the EHS function: carbon
foot-printing, setting sustainability goals, energy and
carbon management, sustainability strategy, waste
recycling, and water efficiency. Regardless of age or
size, all companies we spoke with have a strong focus
on meeting environment, health and safety, and,
increasingly, sustainability regulations. As product
compliance, green chemistry, storm water, and cap
and-trade regulations come into effect, many of the
programs companies are voluntarily undertaking
today will be written into the formal regulatory
requirements. The risks of non-compliance are easy
to quantify, as they are associated with fines, bad
publicity, and even losing preferred-supplier status.
Compliance also serves as the foundation upon
which most sustainability programs are built, as one
respondent described, “We believe as a fundamental
basis of being a sustainable organization, we need to
be compliant with environmental regulations.”
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Conclusion:
Data suggests there is an ROI for compliance. In
both the B2B and B2C markets, companies who
can demonstrate they play fair are rewarded by
their customers. This translates to better
relationships, increased sales and better
corporate governance. All segments of the
Assent customer list data set (top 10, top 20 and
the list in its entirety) demonstrate that
companies who embrace robust compliance
programs and automate those processes
through software in conjunction with top tier
support will beat the street in both the short and
long term outlooks. The business case for
compliance is clear.
1
http://mashable.com/2014/02/13/apple-conflict-free-metals/
http://www.nytimes.com/2014/02/14/technology/apple-says-s
upplies-dont-come-from-war-zones.html?hpw&rref=business
&_r=0
Sample Analysis Formula