Wednesday, May 13, 2020

The US Laws and Guidelines Governing Fair and Equitable...

The US Laws and Guidelines Governing Fair and Equitable Business Practices BUSN115 September 21, 2013 Professor Neal McGregor The US Laws and Guidelines Governing Fair and Equitable Business Practices The United States became one of the most influential world powers virtually overnight. The system of functionality which maintains this growth and power is the refined codes of business practices which are the cornerstone for domestic and international business relations the world over. Due to the unprecedented growth and prosperity of our nations economy and government, many countries look to us as a model of free enterprise for other nations. One doctrine of thought is the United States belief that our government†¦show more content†¦One great example of this type of relationship is the two businesses Macintosh and Windows. Historically they have always been in constant competition with one another, which has ultimately benefitted the people of the world by fueling competitive innovation. [1] â€Å"National competition law usually does not cover activity beyond territorial borders unless it has significant effects at nation-state level.† One law, which helps protect businesses and promotes fair competition for the benefit of the consumers, is the US Anti-Trust law. This law is comprised of three different acts: The Sherman Act 1890, the Clayton Act 1914 and the Federal Trade Commission Act 1914. The first role these acts perform is to restrict the formation of cartels which would perform outside of the guidelines of the government and there for not be bound by there laws. The second role these acts perform is to ensure no single business entity can perform a certain level of mergers and acquisitions, which would essentially turn them into a monopoly and reduce competition. Overall, the antitrust laws are constantly debated for their overall functionality and efficiency in protecting the fair business practices of the United States. [2] â€Å"One view, mostly closely associated with the Chicago School of economics suggests that antitrust laws should focus solely on the benefits to consumers and overall efficiency, wh ile a broad range ofShow MoreRelatedWhat Oecd Principles Are For An Effective Corporate Governance?1655 Words   |  7 Pagesmany set guidelines to ensure the corporation makes a positive impact on market conditions to benefit shareholders, its employees and other market participants. Outlined in CN Rail’s corporate governance manual, CN Rail has a strict set of rules pertaining to the composition of the board of directors. Their â€Å"Governance Committee† has ruled that there must be at least 7 directors to a maximum of 21. The majority of the board shall consist of â€Å"independent† directors to ensure and promote a fair, effectiveRead MoreStabilisation in Investment Contracts and Changes of Rules in Host Countries: Tools for Oil Gas Investors34943 Words   |  140 PagesStabilisation in Investment Contracts and Changes of Rules in Host Countries: Tools for Oil Gas Investors Peter D Cameron ACIArb PhD (University of Edinburgh), LLB (Joint Honours) (University of Edinburgh) Professor of International Energy Law and Policy CEPMLP, University of Dundee, UK p.d.cameron@dundee.ac.uk FINAL REPORT 5 July 2006  © Copyright Peter D Cameron PDCameron/AIPN/Final Report. 5 July 2006 Table of Contents TABLE OF CONTENTS ................................Read MoreCorporate Governance Sample4347 Words   |  18 PagesHome Page 1 of 11 Private Sector Corporate Governance Trust Home Events About Us Principles Sample Code Global Initiatives Board Principles of Good Corporate Governance Sample Code for Best Practice for Corporate Governance in Kenya SAMPLE CODE OF BEST PRACTICE FOR CORPORATE GOVERNANCE IN KENYA (This sample Code is intended to assist companies develop their own governance codes and is neither prescriptive nor mandatory) Authority and Duties of Shareholders Shareholders of theRead MoreA Comparitive Study of Corporate Governance in India and Companies Around the World5672 Words   |  23 Pagespossible without the help and support of Mr. Shreedhar Bhat, our mentor for the project. Our deepest gratitude goes out to him for guiding us at various stages with attention and care. He has taken pain to go through our project and make the necessary changes when required. We extend our thanks to Prof. K. S. Subramanian - Director, SCMHRD for extending his support to us. We would also thank our institute and our faculty members without whom this project would have been a distant reality, and a deep senseRead MoreGucci Group Code of Business Practices6292 Words   |  26 PagesCode of Business Practices Ethics Guide GUCCI GROUP CODE OF BUSINESS PRACTICES 1 Contents 1 Introduction from Robert B Polet, President and C.E.O. of Gucci Group 2 Business Ethics in Practice Shared principles Shared responsibilities 3 Group Commitments Rules of Conduct Colleagues and Employees Customers and Consumers Shareholders Business Partners Environment and the Communities 4 Implementation and Follow-up 5 Applying the Code of Business Practices 6 Contacts 3 4 6 7 9 10 12 15 16 17 18Read MoreDiscount Cash Flow Valuation of Upstream Oil and Gas Investments18360 Words   |  74 Pagesilluminating the doctrines governing the award of compensation in international commercial and treaty-based arbitrations.1 Many Based upon a paper originally published in the Journal of Energy and Natural Resources Law, Vol. 25, No 3, August 2007. âˆâ€"âˆâ€" âˆâ€" William H. Knull, III, Mayer Brown LLP. Mr. Knull is co-chair of the International Arbitration Group of Mayer Brown LLP. Scott T. Jones, Senior Managing Director, Lexecon, an FTI Company. Dr. Jones is also head of the energy practice for FTI ConsultingRead MoreEssay on job description5322 Words   |  22 Pagesworkforce has become more homogeneous. 4. For business leaders and managers, managing ethically also means managing with integrity. 5. Ethical and moral issues in business can be examined from three levels: individual, group, and organizational level. 6. Ethics is a personal, individual affair, not a public or debatable matter. 7. Business is a human activity and as such can be evaluated from a moral perspective. 8. Good business means good ethics is a myth. 9. Read MoreEffects of Globalization: Tate Lyle Case5569 Words   |  23 Pageshas successfully survived and grew its organization to become a global key business player. Attributable mainly to its great ability to expand interests with both sugar and non-sugar companies, it has completed a number of acquisitions (Tate amp; Lyle has 61 principal subsidiaries worldwide) including the purchase of Staley Continental in 1988, a major corn wet milling business in the US (giving the company 25% of the US high fructose corn syrup market),  ²Ã ¨ Haarmann amp; Reimer in 1988, a BayerRead MoreCorporate Governance and Auditors14709 Words   |  59 Pagesimplementation of proper corporate governance structures. Therefore, the proposed corporate governance is prone to fail. Nevertheless, the companies act proceeds to disqualify board of directors and management not adequate enough to manage the business. Though there might be conflicts between the auditor and other stakeholders, the Companies’ Act requires that an auditor be appointed to express an opinion on the truth and fairness of the financial statements of the public limited company. VariousRead MoreDoing Business in the Asia/Pacific Rim Region31325 Words   |  126 PagesDOING BUSINESS IN THE ASIA/PACIFIC RIM REGION State Capital Group 1747 Pennsylvania Avenue, N.W. Suite 1200 Washington, D.C. 20006 (202) 659-6601 PHONE (202) 659-6641 FAX info@statecapitalgroup.org www.statecapitalgroup.org  © 2009 State Capital Group Member law firms practice independently and not in a relationship for the joint practice of law. STATE CAPITAL GROUP ASIA/PACIFIC RIM MEMBER FIRMS AUSTRALIA (MELBOURNE) Hall Wilcox AUSTRALIA (SYDNEY) Holman Webb Level 30 Bourke

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.