Posts

Nestle unethical practices

Image
Respect Your Audience's Time & Attention #be ethical In our day to day life we see many advertisements some have no effect on us but other change us totally. We all are got emotionally manipulated with good and attractive advertisement. As the famous quote elaborate that:- “One who believes that one of the greatest dangers of advertising is not that of misleading people, but that of boring them to death. “ The above stated statement  proved true by famous and well-known Company                                                       NESTLE The Swiss multinational Nestle has been accused of violating ethical marketing codes and manipulating customers with misleading nutritional clien...
8 comments
Read more
Image
THE GERMAN AUTOMAKER EMISSIONS SCANDAL Volkswagen AG is a German multinational company founded in 1937. Headquarter in Wolfs burg , Lower Saxony,Germany. The word Volkswagen means "people's car"in Germany. It designs manufactures and distributes passenger and commercial vehicles. The largest automaker by worldwide sales in 2016 and 2017. Volkswagen emissions scandal The announcement in 2015 that "defeat devices" were placed in the diesel engine by car car company Volkswagen to reduce pollution emissions during testing exposed a corporate  scandal and resulted in a 40% decrease in the stock price of the organisation in 2 weeks. The United States Environmental Protection Agency issued a notice to Volkswagen group  for violation of Clean Air Act.                                                           ...
8 comments
Read more
Image
Unethical Practices in Finance UNETHICAL Describing unsuitable behavior, even if the behavior is legal. Unethical behavior may violate a code of conduct for a particular industry or sector. Professional organizations may censure or revoke the licenses of those professionals who are found to have committed unethical acts. SOME EXAMPLES OF UNETHICAL PRACTICES 1. Holding up bills of vendors on silly reasons and ultimately buying from others to avoid payments to earlier vendors. 2. Delay in paying wages, interest to financiers, incentives, bonus to employees. 3. Cheating employees of their dues towards medical expenses, leave travel assistance, children education fees, etc. UNETHICAL THINGS IN FINANCE FRAUD A fraud is a dishonest act by an employee that result in personal benefit to the employee at a cost to the employer. Example- a bookkeeper in small company diverted Rs. 75000 of bill payment to a personal bank account over a three year period. MISLEADING FINANCIAL STATEMENT B...
16 comments
Read more