BA 3301 Legal Environment of Business Compliance Report Assignment * Associate Professor Lee Usnick, JD, BA 3301 Lead Professor I. ASSIGNMENT OVERVIEWWhat is compliance? You will have a solid answer to this question once you complete this assignment. Until then, start with the basics. Virtually all business activities conducted in the United States are regulated, not only by governmental ...[Show More]
BA 3301 Legal Environment of Business
Compliance Report Assignment *
Associate Professor Lee Usnick, JD, BA 3301 Lead
Professor
I. ASSIGNMENT OVERVIEW
What is compliance?
You will have a solid answer to this question once you complete this
assignment. Until then, start with the basics. Virtually all business
activities conducted in the United States are regulated, not only by
governmental entities, but by professional entities as well. Compliance with
all federal, state, and local laws and ordinances is a prerequisite to the long
term health and survival of any business. And compliance with industry and
professional practice standards can be equally important, especially when mandated
for accreditation and government contracts qualification.
Certain industries are more regulated than others. Some highly regulated
industries include health care, financial services, accounting, oil and gas, and
public utilities. When a business fails to comply with all applicable laws, regulations
and standards, the business and the individuals who manage it often face a variety
of sanctions. Sanctions can range from the loss of an operating license and/or
program certification, to civil and criminal sanctions including monetary
penalties and fines (corporate and person), to prison sentences.
Is a compliance report reality-based and relevant to today’s business
practices?
YES! This assignment is designed with two purposes in mind: (1) to increase your
awareness of the depth and breadth of compliance activities (and challenges) in
today’s business environment, and (2) to inform you about emerging careers in
compliance relevant to all BBA majors.
The compliance function is a critical function for management
professionals. To help you learn about compliance generally, you will visit
several websites which provide a glimpse into the evolving field of compliance.
“This field exists to prevent harm at its source and to make powerful
organizations safer and more ethical. Many people may expect their government
can protect them from the harm corporations and large organizations can cause.
But it is the nature of government and the legal system to always be reactive.
Compliance and ethics professionals offer a link to the regulatory world that
can allow government regulations to work.” (Joseph E. Murphy and Joshua H.
Leet, Building a Career in Compliance and
Ethics: Find your place in the Business World’s Hottest New Field, Society
of Corporate Compliance and Ethics, 2007, ISBN 978-0-9792210-0-2. (To order
this publication, contact Society of Corporate Compliance & Ethics,
1-952-933-4977, www.corporatecompliance.org).
II. ASSIGNMENT LEARNING OBJECTIVES
By completing this assignment,
students will accomplish the following:
A. Gain increased awareness of the
U.S. regulatory environment generally, and of the role of the compliance function;
B. Gain increased awareness about
emerging careers in compliance and ethics, including job titles, job
functions and salaries; and awareness of
the tools available to assist management and compliance professionals in
adhering to laws and regulations and industry standards;
C. Demonstrate critical thinking
(evaluation) skills by articulating the student's personal observations about,
as well as reactions to, compliance as a component of professional business
practice (as assessed by the College of Business Critical Thinking-Evaluation
Rubric incorporated into the grade rubric for this assignment); and
D. Demonstrate effective written
communication skills (as assessed by the College of Business Writing Rubric
incorporated into the grade rubric for this assignment).
NOTE: The grade rubric will be available
to students in the assignment folder. Please review the rubric prior to
writing your paper, then use it to self-assess your work. In other words, score yourself on the
grade rubric. Does your paper do what it needs to do to achieve a top score?
Use the rubric to answer this question.
III. STEPS FOR COMPLETING & SUBMITTING THE
REPORT
STEP 1.
Learn about compliance in the
context of corporate governance, risk management, and compliance (GRC).
For brief background information, read the items listed below. You do not
need to read each one in detail, nor will you be required to include all of this
material in your report. The purpose in Step 1 is to learn about compliance as
an on-going essential business activity, and to find resources serving as a
portal to primary sources for future use. I find them all very interesting, and
after looking at each, you will have a good overview of the increasing
significance of compliance functions for U.S. businesses.
A. Google GRC at
http://en.wikipedia.org/wiki/Governance,_risk_management,_and_compliance.
NEVER
quote from or cite Wikipedia in any academic or professional paper;
it is not a credible academic research source!
It can be useful in locating quotable, scholarly, primary sources.
Read the first page/section which defines the term “Governance, Risk
Management, and Compliance.” Have
you heard this term before? You need to know what it means in order to
understand the systems approach to compliance which is becoming the norm in
today’s legal environment of business. In other words, compliance is no longer
something that happens only in the company’s lawyer’s office: it impacts all
activities and personnel in a company.
B. An interesting federal government website
is www.dol.gov. Put your cursor on Topics (at top of page) and a page of
topic links will appear. Click Elaws.
Elaws stands for employment laws assistance for workers and small businesses,
providing a wealth of information.
C. Compliance is now a
profession with thousands of trained and certified professionals working in
many industries. For information on the compliance profession generally, check
out the two websites below:
(1) Go to www.glassdoor.com. In the
Job Title box, type compliance; leave the Jobs box alone; in the Location box,
type Houston. You should then see a list of jobs by title with salary ranges.
This gives you an idea of what the compliance industry is all about. Other job
websites include Careerbuilder.com and Indeed.com (type compliance in ‘what’
and Houston in ‘where’).
(2) Visit www.corporatecompliance.org
to learn about this professional organization. Select the tab “About SCCE” and
read this. Then select the tab “FAQ” and look over the Questions. You might
read the answers to a couple, such as the one about how certification by SCCE
compares to other compliance certifications. This organization offers training
conferences and tests that enable you to earn your certification as CCEP, a
Certified Compliance and Ethics Professional. Certification can be a stepping
stone for career change and/or enhancement, regardless of the industry you work
in now or seek to enter after graduation. There is also an international
designation for positions in multi-national corporations, the CCEP-I, if
International Business is your interest.
D. Some industries are
more advanced in their compliance and ethics efforts than others. The health
care industry is a perfect example. Check out the Health Care Compliance
Association at http://www.hcca-info.org. Click on “About HCCA”
and read the paragraph about this group. As you can see, there are associations
of like-minded professionals who engage in continuing education and training so
as to excel in their roles as compliance and ethics professionals. And the
business of healthcare is one of the top growing industries in the U.S. (all
majors needed).
E. There are numerous
associations whose sole focus is assisting businesses in compliance activities.
For example, the Open Compliance and Ethics Group is a large non-profit engaged
in compliance and ethics support activities. Visit the website at http://www.oceg.org. This site will show you tools
available to compliance professionals. (You can also create an account for free
if interested). Also visit http://www.globalcompliance.com. This website offers
compliance products and services to all industries.
After visiting these websites, you should have an understanding of the
education, training, and resources available to thoroughly implement a
compliance program in a business.
STEP 2. RECENT COMPLIANCE PROBLEM & ENFORCEMENT
ACTION
Learn about the main laws used in current enforcement efforts by the U.S.
government regulators. Many actions are based on the following laws:
A. the Foreign Corrupt
Practices Act (https://www.justice.gov/criminal-fraud/foreign-corrupt-practices-act),
B. the False Claims Act (https://downloads.cms.gov/cmsgov/archived-downloads/smdl/downloads/smd032207att2.pdf),
C. the Securities Acts (https://www.sec.gov/ where you can read about recent litigation, new regulations, and other
interesting topics).
Open the links to short explanations of these two very important statutes,
the FCPA and the FCA. Federal regulators currently have over 100 open
investigations based on these laws.
STEP 3. SELECT AN ARTICLE FOR YOUR
PAPER & SUBMIT TO INSTRUCTOR FOR ARTICLE APPROVAL
Using one of the websites below (or
other approved business website – check with your Instructor), read about a
recent (within the past 60 days) compliance breach, enforcement action,
agency and/or court decision. Ideally, the article will address an alleged
breach that occurred in the past 60 days. However, it can cover the results of
a federal enforcement action concluding an investigation or prosecution of a
breach that occurred months ago. Pick an article about a business in an
industry of interest to you. The
business must be a non-governmental entity. Stated another way, the
business or entity cannot be owned and operated by a political subdivision such
as a city, county, or by the state or federal governments. The entity can be a
publically traded company, a private company, a large corporation or a small
business. It cannot be a governmental
entity. Be sure to cite your article’s URL so that your Instructor can
locate the article. Test the link (open a new browser and paste link and go) before
submitting the article for approval. If the link fails, you cannot receive
approval. Failure to submit and receive
approval of the article may result in points deducted from your score.
Websites:
2.
www.nytimes.com (select Business in
the tool bar)
3.
www.sec.gov (see “Latest News”
section)
4.
www.justice.gov (see “Justice News”
section)
6.
Wall Street Journal (through UHD
library periodicals)
7. The Economist (through UHD library
periodicals)
8. other approved business periodical – send
message requesting approval before going forward
Once your Instructor approves your article, you can start writing your
paper. You do not need to do any additional research for this assignment. This
is not a law school paper on the details of the law allegedly violated.
Additional research does not add points to your score.
STEP 4. WRITING THE PAPER
Organize your paper in the 3 parts below, using the given subheadings. Do
not use Q&A format. Do not restate the question in your paper.
Part 1: Recent Compliance Problem and Enforcement
Action
Using your selected article about an alleged legal/ethical compliance
breach, answer the following questions (using A,B,C,D,E formatting). If the
article does not address the question, state that the article did not address
this point.
A. Identify the industry in which the compliance problem occurred or was
alleged to have occurred.
B. What is the non-compliant behavior? When did happen? What laws or
regulations were allegedly not followed?
C. When did the regulatory agency and/or court take action on this behavior?
D. What penalties and punishments resulted from this behavior?
E. What steps will be taken by the company to prevent the behavior from
happening in the future?
Part 2: Student’s Opinion About the Recent
Compliance Problem and Enforcement Action
This section is your opinion about the activities your article describes.
What do you think about what happened, the company’s behavior, the government’s
interventions, the impact on the industry and consumers and the public in
general?
Part 3: Student’s Opinion About Compliance
Think about the information you have read in the compliance websites and
about the compliance breach and enforcement action in your article, then answer
the following questions (using A,B,C,D,E formatting). Do not use Q&A
format. Do not restate the question in your paper.
A. Prior to this assignment, did you know the term GRC? After reading the
websites listed in this assignment, what is your understanding of GRC today? Did
your understanding change? How would you explain the term GRC and the role of compliance
to your management team who are unaware of these terms? Does compliance impact
all business functions, and if so, how?
B. Prior to this
assignment, were you aware that compliance is becoming its own industry? Why do
you think compliance is becoming a discrete industry?
C. What were some of the
jobs from the jobs websites you visited? What were the salaries? Do you think a
job like one of the listed jobs might be in your future after graduation? Why
or why not? Why do you think compliance jobs pay high salaries?
D. Assume you take a job
after graduation that DOES NOT have ‘compliance’ in the job title. Do you think
you will be required to perform compliance activities in that job? Stated
another way, who do you think is responsible for compliance? Everyone in the
company, or only those persons trained and certified in compliance?
E. What role to you see
for compliance functions in the next 5 to 10 years in the U.S. legal
environment of business?
STEP 5. REPORT DOCUMENT REQUIREMENTS:
CONTENT & FORMAT
The report should be written and submitted in a manner consistent with the
following specifications:
A.
Use Complete Sentences and Correct Writing
Mechanics
Use complete sentences, though listing of specific duties, requirements, or
laws in bullet form is permitted. To improve your writing skills, take
advantage of the COB and UHD writing tutors. They are available for face to
face meetings, drop box, or Zoom (online) reviews. To schedule an appointment,
go to uhd.mywconline.com, or call
713.237.5400, or visit uhd.edu/northwest. If you review your draft report with
a writing tutor prior to submission, and you submit documentation of at least
one tutor review, no points will be deducted for writing mechanics errors.
B.
Report Content & Format
The body of your report must be a minimum of 3-4 single-spaced pages (12
point Times Roman font, 1 inch margins for all margins). You may exceed the
minimum length if needed. You may reference websites within your text (as opposed
to creating a Works Cited page at the end).
Title Page
The Report's title page is separate from the body of the report and does
not count in the minimum page count. It must contain the following information
in the following format:
Student Name:
Course Name and CRN:
Report Submission Date:
Format the body of the report with these subheadings and content:
Part 1: Recent Compliance Problem and Enforcement Action
Refer to the questions listed
in Step 4 Part 1. Answer each
question. If your article does not address an item, say so. Do not do
additional research. Use the required formatting. Do not repeat the question
then provide the answer (as in Q and A format). Rather, use the letter designation,
then answer the questions in narrative form.
Part 2: My Opinions of the Recent Problem and Enforcement Action
This section is your opinion. You should base your opinion
on what you have learned about the industry and company under scrutiny, the
relevant laws and regulations mentioned in your article, the alleged non-compliant
behavior, the resulting injuries/harm. What would be happening in this company
or industry without these laws and regulations? This section is for your thoughts and opinions.
Part 3: My Opinions of the Role of Compliance in Business
Refer to the questions listed
in Step 4 Part 3. Answer each
question. Use the required formatting. Do not repeat the question (as in Q and
A format). Rather, use the letter designation, then answer the questions in
narrative form.
STEP 6: REPORT SUBMISSION INSTRUCTIONS (Follow directions 100% or points will be deducted).
A. Name the report file
(your last name)_(your first name)_(Report). Example: Smith_Bill_Report. Do not
use ( ).
B. Submit your report through the
Blackboard assignment tool. Submitting prior to the due date through a message or to a UHD.edu
email account will not count as
submission. You must submit in Blackboard’s REPORT assignment tool. If you
do not know how, please ask.
C. NOTE the submission deadline
on the Course Calendar. Please plan accordingly. Late
submissions are accepted until the date/time on the Course Calendar, not
thereafter. Do not wait until the last hour of the last day as your computer
could crash, Blackboard could go down, you could attach the wrong file, you
could lose internet access, we could lose electrical power, and any number of
other reasons why you could miss the deadline. Professionals plan ahead. If I
were you, I would save my file to my One Drive (Cloud) account, in addition to
my computer.
IV. REPORT GRADE RUBRIC
The Report Grade Rubric was composed with the COB’s Writing Rubric and the
Critical Thinking-Evaluation Rubric in mind. The Report Grade Rubric will be posted in the
Assignment folder and shows the points assigned to each listed report trait. You
will be able to view grade rubric points and comments once your report is
scored. Access this feedback through the Report Grade (view attempt) in your
grades. As to your writing mechanics, I
strongly urge you to take advantage of COB or Writing Center tutors. You can do
so in person or online or by dropbox. Why run the risk of losing points for
writing errors when you can review your draft one time with a tutor and
document the visit? The tutor sends a confirmation email or gives an
appointment confirmation listing the activities undertaken in the session. If you provide documentation of your visit,
no points will be deducted for any errors in your report. Save the
documentation electronically and attach it as the last page in your report.
* Revised 2/6/18
Published: 3 years ago
Published By: Chelsea Kim
University of Kabianga > Term Paper > Compliance page(s)
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Category: | Term Paper |
Published By: | Chelsea Kim |
Published On: | 3 years ago |
Number of pages: | 6 |
Language: | English |
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