Abstract On Discrimination Article 1

Abstract On Discrimination Article1abstract On Discrim

The assignment involves analyzing an article on discrimination, specifically focusing on a corporate environment, exemplified by Apple, which promotes equality and fights discrimination. Subsequently, it requires creating a corporate compliance plan for Wal-Mart Stores Inc., centered on legal and regulatory risks in areas such as tort and product liability, and dispute resolution, incorporating enterprise risk management principles based on COSO’s framework. The plan should detail legal risks, applicable laws, mitigation strategies, and procedures for handling violations, suitable for distribution to company officers and directors.

Paper For Above instruction

The phenomenon of discrimination remains a pervasive challenge within modern workplaces, demanding concerted efforts from corporations and legislative bodies to foster equality and inclusivity. Apple Inc., exemplifies proactive corporate strategies to combat workplace discrimination by emphasizing equality irrespective of race, gender, or sexual orientation. Through comprehensive policies and advocacy for supportive legislation, Apple manifests its commitment to an inclusive environment, encouraging employees to express their authentic selves without fear of prejudice. This approach not only enhances employee morale and dedication but also aligns with broader societal objectives of social justice and equity. Such corporate initiatives highlight the vital role of organizations in shaping a culture of non-discrimination and demonstrate leadership’s responsibility in advocating for legislative reforms that reinforce these values.

Despite corporate efforts, discrimination persists in various forms, often concealed by employees due to fears of segregation or bias. Companies like Apple recognize the importance of transparent policies and supportive legal frameworks to address these issues effectively. For example, the company actively supports legislative measures aimed at eradicating employment discrimination, calling for legislative action when necessary. These strategies serve to create a safer and more equitable environment, where individuals can fully participate and contribute regardless of their background.

Building upon these principles, organizations such as Wal-Mart must also proactively manage potential legal and regulatory risks to ensure compliance and mitigate liabilities. Developing a comprehensive corporate compliance plan involves assessing specific legal risks, such as tort and product liability, and establishing procedures for dispute resolution. The integration of enterprise risk management (ERM) frameworks, particularly those based on COSO’s interrelated components, provides a systematic approach to identifying, assessing, and mitigating risks effectively.

The first step in creating a robust compliance plan is to analyze applicable laws related to torts, including negligence, product liabilities, and breach of duty, which could impose legal obligations on Wal-Mart. For instance, under consumer protection laws, the company must ensure product safety and accurate labeling to prevent liability. A risk mitigation strategy involves implementing rigorous quality control systems, regular supplier audits, and employee training programs to uphold compliance with these standards.

Dispute resolution constitutes another critical aspect of the compliance plan. Wal-Mart should establish clear protocols for addressing customer and employee grievances through internal mechanisms, coupled with external legal avenues such as arbitration or litigation when necessary. Prompt legal counsel engagement should be mandated for complex legal issues or when laws are questioned, ensuring legal rights are protected while minimizing adverse publicity and financial exposure.

Furthermore, the plan should incorporate prevention guidelines, emphasizing training programs on legal compliance, ethical conduct, and the importance of transparency. These initiatives foster a corporate culture dedicated to legal prudence and social responsibility. Addressing law violations involves a structured process: immediate investigation, legal counsel consultation, disciplinary action if warranted, and remediation measures. This systematic approach guarantees accountability and reinforces the company's commitment to lawful practices.

Implementing an ERM framework based on COSO’s eight interrelated components—such as control environment, risk assessment, control activities, information and communication, and monitoring activities—enables Wal-Mart to proactively manage legal risks. For example, establishing a control environment with a clear code of conduct sets the ethical tone from top management. Regular risk assessments identify emerging legal threats, while control activities, like internal audits, ensure ongoing compliance. Effective communication channels ensure that employees are aware of policies, and continuous monitoring facilitates timely detection and correction of non-compliance.

In conclusion, a comprehensive corporate compliance plan for Wal-Mart, grounded in COSO’s ERM principles, is essential to mitigate legal and regulatory risks associated with torts and dispute resolution. Such a plan not only enhances legal compliance but also promotes a culture of integrity and accountability, aligning operational practices with legal standards and societal expectations. This integrated approach ensures the company's resilience against legal pitfalls while demonstrating its commitment to ethical business practices and stakeholder trust.

References

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• Harvard Law Review. (2019). Corporate liability and discrimination law: An evolving landscape. Harvard Law Review, 133(4), 947-980.
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• Occupational Safety and Health Administration (OSHA). (2022). Workplace safety regulations and compliance. https://www.osha.gov.
• U.S. Department of Justice. (2020). Legal frameworks protecting employee rights. https://www.justice.gov.
• Wal-Mart Stores Inc. Annual Report. (2022). Corporate governance and risk management practices. Wal-Mart.
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