How the Sarbanes-Oxley Act has made an impact on business Essay

How the Sarbanes-Oxley Act has made an impact on business - Essay Example r example, the Canada’s long standing principles-based stock exchange was replaced with a hybrid rules and principles based corporate governance regime that was modeled in SOX and administered by security regulators (Sibold, 2009). Largely, as Sibold elaborates, the act aims to harmonize the global fiscal management polices by shifting these from the pervious rules based to principles based management, where a global platform on financial management can be achieved. The act largely bases on management through virtues and morals as compared to through rules. However, Sibold (2009) argues that there are possibilities of more executives and editors using the trust and moral trust enhanced by this act to act unethically as compared other previous management through rules. Family owned enterprises according to Sibold portray better performance of family influence that focuses the investments of the firm, and this lessens the moral hazards due to the minority equity claimants and in creasing form values. Therefore, as a profession in financial management or any other related field, the act requires that moral standing, virtues and business ethics have to be more pronounced in an individual to avoid conflict of interest in the workplace, where one is tempted to behave unethically. As a professional in financial management, it would be necessary to integrate both the rule based and principles based approach in financial management to ensure a wider approach to management problems in finances and reduce possible cases of unethical behaviors in managing

Association of Consulting Engineering Companies (ACEC), Canada Research Paper

Association of Consulting Engineering Companies (ACEC), Canada - Research Paper Example The sequential approach of ADDIE is also followed by the instructional design document. In first place the ACEC audience will be analyzed for future training needs, the success of the instructional design depends heavily on the accuracy of the needs analysis. This will provide the basis for the design selection which includes the course format and any sub-phases The second phase begins with instructional needs identified in the analysis part and the design of the instructional design is discussed by the designer. Instructional strategy, course format, and the medium of instruction will also be finalized at this stage. Finally the course will be developed to achieve the desired instructional goals for ACEC, Canada. The instructional plan will ensure the induction of relevant material will keep the course outline as short as possible. Keeping the interest of the audience alive is an important requirement in development phase. The implementation of the instructional design will finalize the plan rollout timings, logistic and availability of resources deemed necessary for the completion of the course. This includes administrative support and availability of training staff to conduct the course. In final phase of the ADDIE model the evaluation of the overall instructional design will be assessed in terms of trainee’s capacity building and company’s objective realization. The quality of evaluation lies in its objectivity and the strength it introduces in the instructional design. ... Training of newly inducted engineers Analysis of training facilities presently available Coaching facilities for affiliated Companies Instructional facilities for Advance Technologies Lack of Academic Staff Qualitative and Quantitative Needs Required Training facilities (Quantitative) Facilities for Advance Technologies (Qualitative) Needs identified for ACEC All new engineers are required to have comprehensive training before they can be actually deployed at a real life project (Felt Need) Training for advance technologies is mandatory for the Core Professional Engineers at ACEC (Anticipated Need) Association has to plan training for affiliated companies time and again and permanent training need exists under this category (Felt Need) Lack of academic staff (Felt Need) Trainers training (Comparative Need) Selected Need Training of newly inducted engineers Instructional facilities for Advance Technologies Training of Newly Inducted Engineers Need analysis of the ACEC has established a â€Å"Felt Need† of providing training to newly inducted engineers in ACEC. The engineers current performance and excellence is satisfactory however it does not match the mission statement for the ACEC, therefore suggests a gap between the existing and desired level of excellence. The need was established after a qualitative interview session conducted with engineers of various domains and was responded by 95% engineers in favor of initial training. Instructional Goal Polishing critical skills in fresh engineering graduates thus enabling them to produce quality engineering models. Performance-Based Objectives A – audience – Fresh Engineering Graduates B – behavior – Skill enhancement C – conditions – ACEC’ Excellence D – Getting quality engineering Models Instructional