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LAW FACTSSOX: The Sarbanes-Oxley Act of 2002, also known as Public Company Accounting Reform and Investor Protection Act, 2002 & commonly known as SOX or Sarbox. It is a United States Federal Law enacted in response to a number of major corporate & accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems & WorldCom. These scandals, which cost investors billions of dollars when the share prices of the affected companies collapsed, shook public confidence in national securities market. Named after sponsor Senator Paul Sarbanes (D-MD) & Representative Michael G. Oxley (R-OH), the Act was approved by a vote of 334-90/ President George W. Bush signed in into a law, stating it included "the most far-reaching reforms of American business practices since the time of President Franklin D. Roosevelt." - ALG ReportLEGAL ETHICS: Legal ethics encompasses an ethical code governing the conduct of people engaged in the practice of law. They address the client-lawyer relationship, duties of a lawyer as advocate in adversary proceedings, dealings with persons other than clients, law firms and associations, public service, advertising, and maintaining the integrity of the profession. Respect of client confidences, candor toward the tribunal, truthfulness in statements to others, and professional independence are some of the defining features of legal ethics. PRO FACTSENRON DEBACLE: Enron was an Energy Corp from Texas that lost $80 billion USD in assets. There are many lessons that can be learned from the collapse of Enron. Any organization has an obligation to all of its stakeholders, not just its shareholders, and those obligations were not met in this case. Executives at Enron made decisions that were wrong. Some of their decisions may have involved illegal activities. Did their interest in preserving their income cloud their judgment? - FLGAARTHUR ANDERSON ACCOUNTING FIRM: Arthur Anderson was the accounting firm for Enron. This is a good example of the quantum of loss for the innocent 28,000 employees of Arthur Anderson who lost their jobs as a result of Ethics Violations of Enron directly affecting the accounting firm. The conviction in this case was overturned but the irreparable damage was done forever - FLGA | Our Ethics are beyond Reproach"Ethics is a code of values which guide our choices and actions and determine the purpose and course of our life." - Ayn Rand, Writer, Philosopher & Playwright, 1905-1982 (Russia)At Fortune.bz Law Group, we have unfettered commitment to conducting all of our business affairs and activities with the highest standards of ethical conduct without reproach.PURPOSEThe purpose for establishing this Ethics Policy is to encourage a culture and environment of trust, openness and integrity in all Fortune.bz Law Group and Related Entities' Management and Fair Business Practices. Every member, intern or volunteer of Fortune.bz Law Group is required to participation, support and uphold this Ethics Policy.SCOPEWe are committed to the responsible use of Fortune.bz Law Group offices and assets, to provide accurate, complete and objective information, to respect the privacy and confidentiality of financial and other information, to act in good faith and exercise due care in all we do, to comply with all rules and regulations and to proactively promote ethical behavior and the law of the land.Our Code of Ethics is built on our core values. OUR CORE ETHICAL VALUESHONESTYWe believe in and practice honesty in our work, life and business. We are driven by honesty as a well lit guiding path in our all life functions. We are committed to act in good faith, to comply with the rule of law of the land and our policies and regulations. INTEGRITY We pursue our mission zealously with fairness, honor and respect for the individual and public at large constantly applying our value system to every action and decision. DIVERSITY We have a wide horizon because of our respect for and learning of diversity of thought and action. We serve all the communities in a responsible manner. We have concerted our diversity into our strength. COMMITMENT We are committed to our Customers and their needs. We strive to innovate and offer our best services, products and support to our clients. We continuously are improving ourselves to make progress and stay aware. EXCELLENCE We believe that there is no substitute for hard work and excellence. We aim to provide complete Client satisfaction with consistency OUR CODE OF ETHICSFortune.bz Law Group members, employees, interns and volunteers must follow our Code of Ethics:
OUR COMMITMENT TO ETHICSFortune.bz Law Group has unwavering commitment to providing a work environment that values diversity . Human Resource policies and activities are designed to respect workplace and all persons in it, thus providing opportunity to reach the highest potential.Team Members, Employees, Interns and Volunteers are provided opportunities regardless of race, color, religion, gender, national origin, sexual orientation, marital status, age, veteran status, or disability. These policies apply to both applicants and employees in all phases of engagement or employment including, recruiting, hiring, placement, training, development, transfer, promotion, demotion, performance reviews, compensation, benefits, and separation from employment. OUR PRIORITY IS OUR CLIENTOur Clients have dynamically changing needs and we pride ourselves in providing excellent Services, Support and Solutions to all our Clients always keeping our Client's Priority as Number One.CONFLICT OF INTERESTThe underlying principle of “conflict of interest” is that employees and volunteers should avoid any activity, investment, or interest that might reflect unfavorably on the reputation of Fortune.bz Law Group and Relates Entities.The interest of Fortune.bz Law Group will be placed ahead of any personal interest or personal gain, and to disclose all facts in any situation where a potential conflict of interest may arise. DISCLOSURESAny unreasonable gifts, including cash, equipment, material possession or gain in kind, must be disclosed by Fortune.bz Law Group Team Member, Employee, Intern and Volunteer.REPORTING ETHICS VIOLATIONIf you have questions or concerns about compliance with this Ethics Policy, we request you to report your concerns to ethics@fortune.bz. Reporting of ethics violations will be treated as confidential information and can be communicated anonymously. | ETHICSOUR VALUESCOMMUNITYETHICS MISSIONSNAPSHOT
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PRO FACTSWORLDCOM: Telecom company WorldCom, the No. 2 U.S. long-distance telephone and data-services provider, announced on June 25 that it would have to revise its recent financial statements to the tune of $3.85 billion. Most investors did not understand how a company could hide $3.85 billion in expenses. Another case of Ethics Violation - FLGA The total loss in market value of WorldCom, Tyco, Qwest, Enron and Global Crossing was $427 billion USD. With that money, we could fund the United Nations for the next 263 years - Enron Watchdog WISE WORDSHere is a test to find whether your mission on earth is finished: if you're alive, it isn't - Richard BachEthics is not even an issue - Anonymous Teamwork: Individual commitments to a group effort - that is what makes a team work, a company work, a society work, a civilization work - Vince Lombardi, US Symbol, Single Mind Determinatio |
