SEC MARY

1939 words 8 pages
Show More
Case2
Remote environment- PESTEL
Industry environment-five forces
Internal environment- strategic driver (industry/market, product/service, customer, channel, competitive advantage), operational driver, (cost, revenue, growth), people and organizational driver (structure, skill, capability), SWOP analysis and GAP analysis
Product/market development
Strategic development
Vision: SEC aims to act as an agency that was high functioning, agile and intelligent, and committed to investor protection and market integrity, which is really critical to the success of economy.
Mission: Restoring SEC’s vigour and credibility within the financial regulatory community as an agency and assessing what went wrong and to ensure it did not happen …show more content…

(b) Thousands of staffs were grouped into specialized units to focus on areas of concern such as corrupt foreign practices, insider trading, market manipulation and structured product etc

3, creating a vision and strategy Creating a clear and concise vision helps the organization to have a clear picture of the future so that it can align, concentrate and coordinate the efforts of everyone to achieve the final goal. Chairman Schapiro’s vision is to restore SEC’s vigour and credibility within the financial regulatory community. It is critical for the success of economy to have an agency that was high functioning, agile and intelligent, and committed to investor protection and market integrity. Chairman Schapiro also incorporated it into the SEC's operations.

4, communicating the visions The vision needs to be communicated properly, regularly and impressively using every vehicle possible. Chairman Schapiro has engaged in significant public speaking in which she has regularly and repeatedly informed and reminded the SEC staff and various elements of the public about the SEC's recommitment to investor protection and the linkage of that vision to structural and operational changes at the SEC.
5, empowering others to act and eliminating obstacles The organization should empower the change managers to make changes to its structure and processes so that these align with the change vision, facilitating the readiness

Related

  • Mary Schapiro and Leadership
    3247 words | 13 pages

    Mary Schapiro In her role at the SEC, Mary Schapiro was known as one of the world's most powerful female regulators. She was named chair in the midst of the worst financial crisis since the Great Depression. As chairman, she helped strengthen and revitalize the agency by overseeing a more rigorous enforcement program and shaping new rules for Wall Street. During her tenure, the agency's work force brought about a record number of enforcement actions and achieved significant regulatory reform to….

    Show More
  • JPMorgan Chase Paper
    1288 words | 6 pages

    leading U.S. bank, announced trading losses from investment decisions made by its Chief Investment Office (CIO) of $5.8 billion. The Securities and Exchange Commission (SEC) was provided falsified first quarter reports that hidden this massive loss. Discuss how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the….

    Show More
  • Ethics and Financial Reporting
    2991 words | 12 pages

    Ethics and Financial Reporting AMBA 630 Executive Summary Reacting to a flood of accounting scandals and media outcry, the U.S. Congress passed the Sarbanes-Oxley Act (SOX) in July 2002. It is administered by the Securities and Exchange Commission (SEC). It sought to prevent future cases such as the one witnessed with Madoff Investment Securities, by improving the accuracy of public company financial statements. An important goal of SOX is to make these financials more meaningful (i.e., transparent)….

    Show More
  • Koss Case
    2295 words | 10 pages

    ISSN 1940-204X Koss Corporation Corporate Governance, Internal Controls, and Ethics: What Went Wrong? Melanie O. Anderson Slippery Rock University INTRODUCTION THE ACCOUNTING FUNCTION Koss Corporation is a Milwaukee company whose principal business is the design, manufacture, and sale of stereo headphones and related accessories. Michael Koss is the CEO; his father, John Koss, founded the company in 1958. The company has trademarks and patents for its products to differentiate….

    Show More
  • Apollo Shoes Planning
    1946 words | 8 pages

    320,000 VP Marketing, Fred Durkin 1,100,000 VP Finance, Eric Unum 649,000 VP Legal Affairs, Sue Fultz 1,650,000 VP Operations, Daisy Gardner 451,000 Internal Audit Director, Karina Ramirez 235,000 Treasurer, Mary Costain 222,000 Controller, Samuel Carboy 214,000 Mr. Lancaster encouraged everyone to watch the 2011 Superbowl to watch for Apollo’s 15- second commercial. He noted that the cost of the commercial time rose approximately 10% from….

    Show More
  • Accounting and Globalization
    3458 words | 14 pages

    INTRODUCTION As today's companies become more globally oriented and expand into multinational corporations, there is a growing need to compress financial regulations into a homogeneous unit. To achieve this homogeneity, accounting practices in the modern economic market must strive for a symbiotic relationship with globalization. Because consumer capitalism has spread to non-originating countries, and non-Americanized cultures, the practices of accounting and financial management must standardize….

    Show More
  • Bank of Queensland Research Paper Banking Industry
    21329 words | 86 pages

    Bank of Q ensland o Que s n Page 1 of 49 4 Con ntents Sectio on A ........................... .................. .................. .................. .................. .................................................... 3 1. 0 Profiling the e Corporate e Structure & & discussin ng the Agency problem m .................................................. 3 Overview .................... O .................. .................. .................. ...….

    Show More
  • Kohls Corporation and Dillards Inc
    11616 words | 47 pages

    Kohl’s Corporation and Dillard’s, Inc. — Financial Statement Analysis EXCERPTED WITH PERMISSION FROM CASES IN FINANCIAL REPORTING SEVENTH EDITION ISBN: 978-1-934319-79-6 ELLEN ENGEL D. ERIC HIRST MARY LEA MCANALLY © Copyright 2012 by Cambridge Business Publishers, LLC. All rights reserved. No part of this publication may be reproduced in any form for any purpose without the written permission of the publisher. This document is authorized for use by michelle jeffalone, from 9/1/2014 to 12/31/2014….

    Show More
  • Product Placement
    10688 words | 43 pages

    Product placement, or embedded marketing, is a form of advertisement, where branded goods or services are placed in a context usually devoid of ads, such as movies, the story line of television shows, or news programs. The product placement is often not disclosed at the time that the good or service is featured. Product placement became common in the 1980s. In April 2006, Broadcasting & Cable reported, "Two thirds of advertisers employ 'branded entertainment'—product placement—with the vast majority….

    Show More
  • Walmart
    16421 words | 66 pages

    Walmart From Wikipedia, the free encyclopedia Wal-Mart Stores, Inc. (NYSE: WMT (http://www.nyse.com/about/listed/lcddata.html?ticker=wmt) ), branded as Walmart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The company is the world's third largest public corporation, according to the Fortune Global 500 list in 2012, the biggest private employer in the world with over two million employees, and is the largest retailer….

    Show More

Popular Essays