Developing standards regarding ethical workplace conduct

Assignment Help Business Law and Ethics

Reference no: EM133392646

Assignment:

Can you give positive feedback in one paragraph, on the following in regards to mitigating legal risk?

Several stakeholders share the responsibility to help mitigate legal risk. Such stakeholders include the legal team, management, employees, or even directors of a company. One example in which stakeholders can mitigate legal risk is to ensure that the organization appoints individuals in leadership roles who have integrity and are able and willing to identify issues, engage with others within the organization to address current and potential issues, and develop a risk mitigation strategy (Payne, 2022). This will require cooperation from each person in a particular department. However, the key to mitigating legal risk is to build strong communication between all stakeholders and HR.

A second example in which stakeholders can be instrumental in managing legal risk is by developing standards regarding ethical workplace conduct and providing training, resources, and a process to report issues (Meinert, 2014). Communication will also be a pivotal while working with HR along with employee feedback to determine if there are any gaps in training, lack of resources on an organization's intranet page, and consultation from the legal team to ensure that standards do not infringe on protected rights.

References:

Meinert, D. (2014, April 16). Creating an ethical workplace. SHRM.

Payne, E. (2022, January 26). Mitigating risk in the workplace: Getting all stakeholders involved. BenefitsPRO.

Reference no: EM133392646

Questions Cloud

Identified internal and external stakeholders : Analyze an insurance companies organizational senior leadership team's role, where someone would work in car insurance

Discussing this new proposal and have differing opinions : You and your friends are discussing this new proposal and have differing opinions based on your position/perspective:

Driving the growth in cross-border trade : What factors have been driving the growth in cross-border trade..

Define the selection process : Define the selection process, structured interview, who would be the best fit and why? What is your hiring strategy; will you use local or expatriate?

Developing standards regarding ethical workplace conduct : A second example in which stakeholders can be instrumental in managing legal risk is by developing standards regarding ethical workplace conduct.

Risk management community to do better job : The case asks the risk management community to do a better job explaining how to sustain an ERM initiative over time.

What is the doctrine of apparent authority : Can an officer of a corporation validly represent and bind the corporation in a contractual obligation without authority from the Board of Directors?

Can there be a perpetual member-director of a corporation : In the case of Grace Christian High School v. Court of Appeals, Can there be a perpetual member/director of a Corporation? Explain.

Fixed and variable costs associated with your products : Calculate the fixed and variable costs associated with your products and services. What is your pricing strategy?

User Account

All Pages