President Of Ford North America Resigns After Anonymous Tip

Raj Nair, 53, was President of Ford in North America. Described as a “career executive” in Bruno Ragali’s blog post from February 23, 2018, Nair began his career at Ford as an engineer in 1987. Early last year, after 30 years with Ford, Nair was appointed President on January 6, 2017. An investigation was later launched by Ford’s Compliance Department, as the result of an anonymous tip, which lead to Nair’s official resignation. In their statement, Nair had “certain inappropriate behavior not aligned with the Ford Code of Conduct.” These kinds of deliberate public confessions are usually considered by US Courts and the Department of Justice as a means to mitigate a company’s liability.

In the United States, it is very common for “ethical illegalities”, such as cases of harassment or bribes, to end in agreements with public authorities. Ford’s statement, therefore, can be seen as being very unclear on what actually happened, and cannot be considered a proper confession.

It is public knowledge that Ford has signed two-million-dollar agreements with the Equal Employment Opportunity Commission for unethical administrative conduct before.

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The first was in the 1990s for sexual harassment in the amount of $22 million and late last year for racial prejudice in the amount of $10,125,000. Under the latest agreement, the company published an open letter signed by President and CEO Tim Hacket where there remains no explicit admission of the investigated case by Ford’s Compiance Department.

In the case of Nair’s dismissal, it should demonstrate that no one employee is above rules of compliance. No matter their hierarchical position within an organization, everyone should respect established standards and participate in all developed training. It can be said that ignorance can never serve as a defense argument. Furthermore, companies should not limit the scope of their compliance standards to anti-corruption solely. They should also take good care in what Bruno Ragali calls “Social Compiance”, specific regulations, performances and training specific to the mitigation, monitoring and punishing of harassment or prejudice.

Bruno Fagali is an attorney based out of Såo Paulo, Brazil who specializes in Compliance, and in the consulting of Public Law, Advertising Law, Anticorruption Law, Election Law and Parliamentary law. In 2016 Bruno Fagali founded Fagali Law which also publishes regularly in the press and academia. Bruno Fagali is also a partner at nova/sb, a marketing and advertising firm also based in São Paulo.

Check more about Bruno Fagali: http://www.meioemensagem.com.br/home/comunicacao/2016/05/30/acho-saudavel-que-haja-revisao-de-contratos-diz-bob-vieira.html

Jeremy Goldstein: The Benefit of a Knockout

There has been a decrease in the number of employers offering stock options as a compensation method to its employees because of the potential risk of a reduced stock price, high costs associated with such options and an increased employee wariness. However, there are benefits for this auxiliary compensation method. Besides being easy for every employee to understand the stock options, stock options also encourage them to prioritize the company and work harder—employees directly benefit with the company’s profit. Additionally, some businesses can avoid excessive losses in taxes with options rather than shares.

 

One of the best solutions to increase the popularity of stock options is a knockout. With knockout, employees lose the options if the share value falls below a predetermined amount. For example, an employee may be eligible to buy stock at $300 per unit; however, with the knockout option, that offer will expire if the share of the company plummets to $75 for at least a week. This solution relieves the pressure on existing stockholders, allows for a more accurate reflection of executive compensation figures and provides a strong incentive for employees to prevent a drop in the shares.

 

After being with Wachtell, Lipton, Rosen & Katz firm for 14 years, Jeremy Goldstein founded Jeremy L. Goldstein & Associates, LLC, a boutique law firm providing expertise to C-level executives, management teams, compensation committees and corporate governance matters, with a focus on transformative corporate events. In the past decade, Jeremy Goldstein provided his expertise to some of the largest corporate transactions, including in the acquisition of Goodrich by United Technologies and of Progress Energy by Duke Energy.

 

Jeremy Goldstein is also a chairman of the Merger & Acquisition Subcommittee of the Executive Compensation Committee of the American Bar Association Business Section. With his expertise in executive compensation and corporate governance, Jeremy Goldstein frequently writes and speaks on such topics. He is also a member of the Professional Advisory Board of the NYU Journal of Law and Business. He received his J.D. from New York University School of Law.

 

To learn more, visit http://officialjeremygoldstein.com/.

Karl Heideck Advice

To make certain that you are able to move forward with your legal career, you will need to do everything possible to get the most out of your prospects with some words of advice.

Karl Heideck is a lawyer in the Philadelphia area who has made a living in the legal field. He enjoys litigation and works in the areas of risk management and compliance.

He works for Hire counsel and is a graduate of Temple University. He graduated with honors and always provides for his clients by taking advantage of some sound principles. Consider these principles below if you are entering the legal field.

One of the main principles that Karl Heideck practices is to forge and maintain valuable connections. As a law school student, you have access to a lot of people who are like-minded and who you will see many times in the course of your career. Because of this, it is important to foster these relationships now – because they will carry you very far. Become friends with your classmates and find some good advisors who can be useful to you as you move forward.

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It is also important to figure out your preferred areas of study. There are a lot of legal focuses back come into play any time that you are considering becoming an attorney. It is best to focus on those areas of law and learn them to the best of your ability. In doing this, you give yourself an edge on your competition and will continuously learn everything you need to know about making the most out of those areas of study.

Finally, you need to be sure that you learn your State Bar Association requirements and study hard for the exam. Every State Bar has different requirements and understanding these requirements gives you the opportunity to pass them with flying colors. Otherwise, you will be stepping into this examination not fully aware of what to expect.

If you take advantage of these three aspects, it will be much easier for you to thrive with your legal career. Follow these tips and put them to good use.

Learn more about Karl Heideck: http://thereisnoconsensus.com/career-spotlight-litigation-karl-heideck/