Bernie Madoff Ponzi Scheme

Ethical issue that has been revealed is that Bernie Madoff Ponzi Scheme

The ethical issue that has been revealed is that Bernie Madoff Ponzi Scheme where he has stolen the company’s investors without knowing it. Bernard Lawrence “Bernie” Madoff, an American banker who has carved the largest project “Ponzi” in history, has thwarted investing thousands of billionaires for at least 17 years and is no longer able to do so. He was an electronics commercial pioneer and leader of the Nasdaq market in the early 1990s. According to the Securities and Meteorological Commission, the Ponzi project is a pyramid scheme that works on “robbing Peter to pay Paul.” With the promise of income-earning fraud, new investor interest is used to …

Ethical Decision Making Model Counseling

Introduction: Ethics refers to the moral development to the individual behavior regarding what is right or what is wrong. (Baase 2006) Ethical rights are referred to the moral rights about keeping the connection between what is good and what is bad, moral rights in relation to the work you create, right to be recognized, or named by the way of work, never do hurts reputation, keep respect on moral rights for lifetime. (Andre 2011) If the matter of managers ethical decisions and ethical decision making model counseling, affecting the organizations and both internal and external stakeholders if they will immediately develop and preinstall software that would allow parents to monitor and selectively limit children’s smartphone …

Introduction

The answer of the attached Sample Contract Law Questions and Answers is given below on the basis of eight criteria to solve a contract law question.

1. Issues

Issue is basically started with the mailing to buy a painting from the owner of the painting named Theo by Vincent. But when Theo addressing the offer price of $40000 replied the mail of Vincent somehow he forwarded the accepted mail to sell the painting to Margot who is the sister of Vincent.

Therefore the issue started when Margot replied with offering price of $40000 and Margot accepted to buy the painting at the offered price.

But later on, Margot bargained …

Question (Agency Problem and Corporate Governance Solution)

The principal-agent problem (which exists between shareholders and managers) is one of the central problems in corporate governance. Explain this problem and critically discuss how corporate governance mechanisms can help to mitigate agency problems in publicly listed companies. So, the Agency Problem and Corporate Governance Solution is given below.

Introduction

The topic is about Agency problem as well as principal-agent problem between shareholders and managers in an organization and the role of corporate governance mechanism to reduce this agency problem. The background of the study is that Agency problems between shareholders and managers is a matter of conflict of interest where each party have different motive or interest. Here, Shareholders prefer to increase …

Answer – Are the customers getting real access to justice or simply reaped off by unwarranted expensive legal fees?

To solve the question of Are customers getting real access to justice or simply reaped off by unwarranted expensive legal fees, it is used the argument of some authors. Stephen et. al (2015) differentiated that legal aid in UK can meet with the cost of advice of lawyers, representation in the court. A person has not right to represent oneself and the right protected under Article 6(4) under human right act 1998. A person may falls under financial thresholds for getting legal aid and sometimes needs to pat unwarranted legal fees for access to justice. If a person’s income more than …

Introduction – Legal Profession in UK

Lawyer is the legal profession in UK which are two types including solicitors and barristers. The activities of different lawyers in UK are different. The Law Society of England and Wales and Barrister’s Association regulate two types of lawyers in UK and they are different from other countries’ lawyers (Lawyer in UK and types of lawyers, 2020). It is essential for clients to know about them and their service. Access to justice in UK legal system require some procedure. Clients need to provide payment to get access to justice. Although some barriers include in access to justice. Sometimes customers get access to justice by unwarranted legal fees. Legal Profession in UK comprises of two …