Business Law Evaluation and Auditing Standards Discussion
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Business Law Evaluation and Auditing Standards Discussion
Hello – my part is to write about the ‘Evaluation and Auditing Standard’
Below I will paste prompt, article links, and what the rest of the group has provided thus far.
What my team has already written:
Code of Conduct Statement
At Exxon-Valdez, we strive to achieve excellence in all facets of our company. The Code of Conduct and compliance plan is mandatory for all employees and officers of the company. Upon hiring, the employee must review and sign this statement, followed by an annual review and commitment to abide by its guidelines.
Standard 1: Risk Assessment & Oversight
A critical feature for the success of Exxon-Valdez is risk-management and oversight, which we are committed to improve. It is vital that we have better supervision over our employees, particularly ones in such important roles as captains and crewmembers. We need to ensure that they are following all regulations which will keep all personnel and the environment safe. We also need to have better oversight with regards to our partners in important positions, including Alyeska, the pipeline service company in charge of oil spill cleanups in Alaska. In order to assist in improving Exxon Valdez’s compliance standards, we recommend the following guidelines:
Prior to their next voyage, captains will be required to view a video presentation on risk assessment guidelines in order to help them be more aware of how to make better leadership decisions while they are commanding a ship in order to prevent risky situations.
Implement harsher penalties for ship captains breaking regulations, including an automatic termination of position if a captain breaks a set of the most important regulations, e.g drinking while on the job.
In response to the uncovering that ships were understaffed and crew members are being overworked, we recommend that an ADP digital timecard log is to be present on each station in every ship. Crew members will be required to clock in before each voyage begins and then clock in and out for each one of their shifts. This system will be connected to our corporate offices and will allow us to ensure that before each voyage, the crew members present on board are at or above the regulation amount, as well as allowing us to monitor that they do not go over their hours and get the proper rest required.
With regards to Alyeska, we have decided to implement an oversight standard in which we will request the status of Alyeska’s booms and other containment equipment on a bi-weekly basis to monitor that they have the equipment they need to contain an oil spill on hand. This can help us prevent repeating the disastrous situation we’ve experienced.
In order to assist us in supervising these new guidelines, we are now requiring that a compliance officer be sent aboard for the duration of each voyage.
The officer’s duties will consist of:–Monitoring that crew members maintain honesty when using the ADP timecard system, as well as assist with any maintenance involved with that system.
-Ensuring that no unlicensed personnel is in control of a ship
-Report to corporate on the captain and crew members’ actions to ensure that they remain within compliance standards.
Standard 2: Special and Emergency Training
Standard 3: Communication and Reporting
Section 3.1 – Communication
Clear and regular communication is vital to guarantee Exxon-Valdez’s success. Hence, Exxon-Valdez is committed to doing a better job to educate and communicate the progress and the success stories behind our terrific organization. Unfortunately, it’s not always easy to know everything going on and comply with our everyday tasks; thus, getting off track and losing focus or interest becomes easy. At Exxon-Valdez, we aim to cut through the confusion and give each team member precise, sensible, and reliable information from our experts within the organization. We also seek to keep each employee updated on everything critical compliance improvement or changes happening in our world by using trustworthy lines of communication. These lines of communications shall include the following:
Each Exxon-Valdez employee must receive a copy of the latest compliance plan.
The latest compliance plan must be part of the new employee onboarding material.
An electronic notification must be sent to each employee when a new updated version of the compliance plan is released.
Distribute Exxon-Valdez monthly e-newsletter with messages from the leadership team, any relevant organizational change, information about the compliance plan changes and current status, and reminders
Broadcast any precise, sensible, and critical reminder from the compliance plan on the company employee’s portal
Facilitate the electronic access of the latest compliance plan to each employee and request read acknowledgment.
Section 3.2 – Reporting
Employees should be hesitation free to raise their concerns in a secure environment and clear any doubts regarding the organization. Accordingly, Exxon-Valdez will provide an unfailing open line of communication for employees to report any compliance issue or answer any relative questions about the compliance plan. In support of this, the company will proceed as follows:
Exxon-Valdez will implement a Compliance Hotline 800-number to report any actual or unsure compliance issue granting confidentiality and anonymity.
Exxon-Valdez will provide a shared open forum as another employee reporting mechanism. This forum must be private and secure for employees to access.
The company must address each report in a timely manner and monitor unattended report requests.
Each supervisor will follow the “open door” policy to receive reports of Compliance’s suspected violations or answer questions concerning the law’s observance and the Compliance Program.
Employees are obliged to report any compliance code violation to their supervisor.
Employees should raise their concerns or seek guidance regarding potential or actual incidents to their supervisor or other reporting mechanisms.
Employees should report any fraud or abuse of any compliance code either thru the hotline or to their supervisor.
Exxon-Valdez guarantees a zero-tolerance retaliation policy for any reported issue by the employees.
Standard 4: Evaluation and Auditing (this standard is what is required)
Standard 5: Leadership
Good leadership is a crucial element to Exxon-Valdez. In order to ensure the leaders of Exxon-Valdez represent the company’s vision, the following standards provide direction in which leaders must abide by.
Section 5.1 – Ship Captain
The captain of all tanker ships must show good judgment and be sober-minded. To ensure this, all captains within 12 hours of departure must take an alcohol blood test with the results of 0.0. This will be verified by the Chief Mate, or second in command, and then communicated to the Coast Guard to ensure accountability. If a captain registers above 0.0, then he/she will call into Headquarters to determine if departure can be delayed or if another captain is able to replace the intoxicated captain.
It is the duty of the captain to follow all guidelines provided by this compliance plan and the Coast Guard. The captain must communicate to the Coast Guard as required including movements out of shipping lanes and if autopilot is engaged. To provide a check for this policy, the Chief Mate, or second in command, is to provide accountability and notify the captain if he/she has neglected to communicate to the National Guard on movements out of the shipping lane or if the ship is on autopilot.
Section 5.2 – Executive Leadership
Corporate leadership and the Board of Directors are committed to being responsible and attentive officers. In the case of oil spills caused by company tankers, the Board will determine an executive or board member who will oversee the cleanup directly and communicate quickly with the spokesperson for the company to be responsibly transparent in the company’s efforts to clean up the spill quickly and effectively. Communication with the public will be timely and provide the necessary information regarding the situation.
It is a top concern of the executive leadership of Exxon-Valdez to make sure safety is a high priority. When decisions are made to cut budgets to save costs, executive leadership will clearly specify to the department heads to make sure that safety and other elements of this compliance plan are not neglected for the sake of saving on costs. The Finance Department will verify with management that any proposed cuts in cost are indeed compliant with this policy and do not threaten the safety protocols of the company’s various operations.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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