Thursday, October 3, 2013

CFA Code of Ethics : knowledge of the law script.


Knowledge of the Law
( Script )

Narrator: We will be presenting the three highlights regarding the knowledge of the law. First is the relationship between the Code and Standards and Applicable Law.
First Scenario: An investor approaches the CFA Institution and hires a financial analyst to analyze her business. The hired CFA and the client reside in a country with a more strict security laws and regulations, but do business in less strict laws and regulation. Thus, the more strict laws and regulations are adhered for it states that the law of the client’s home country governs.

(Investor and the hired CFA having their conversation)
Client 1: (enters the office) Hi, I’m Paula and you’re Ana right?
Ana: (standing) Yes, nice to meet you maam. (shakes hand)
Client 1: (sitting down) Ana, I’ll be straight to the point. As the most experienced CFA in your institution, I’m here to offer you 1 million pesos as payment for your service, but I want you to do the business following the security laws and regulations in this country where we conduct business as of right now for it is less strict.
Ana: But maam, it is against the law. I can’t do that. We should follow the more strict security laws and regulations of your hometown for it states that law of the client’s home country must be adhered. 
Client 1: So, you mean you are declining my offer?
Ana: Thank you for your offer maam, but I’m sorry I don’t agree with your decision, I must adhere to the laws and regulations being stated as a CFA and the fact that I’m one of the experienced CFA, my reputation would be ruined.
Client 1: Okay. I’m easy to talk to, I’ll just look for another CFA who is willing to do the job and offer them your pay.
Ana: Goodbye maam.

Narrator: Second highlight is participation in or association with violations by others. Second scenario: After a month of successful job. Client 1 hadn’t found a more experienced analyst than Ana, so she decided to call her back and again offer her the deal that they had talked about before.
(Ana’s phone rings)
Client 1: Hi Ana, I just want to let you know that I’m offering you again the 1 million salary in exchanged of doing the analysis of my business in this country which is not strict regarding with the laws and regulations of security.
Ana: But why me?
Client 1: You’re the only one person that fits to do this job Ana, you are the best among the rest. I know you need money as of the moment and I’m here offering you more than enough compared to your current salary.
Ana: Okay fine, meet me in my office tomorrow morning.
(Morning)
Client 1: (enters the office) So Ana, what’s your plan? Never thought of declining my offer right?
Ana: Ms. Paula, don’t think of anything else, I’ll just be doing this for the first and the last time, I really am in a dire need of money lately.
Client 1: As what we have talked about before, I want you to conduct your analysis in this country which is less strict security laws and regulations and understate my profit for me to pay a lesser amount of tax. That’s all you have to do dear, we’ll just stay connected with each other while we are on this project, okay? Bye!
Narrator: Eventually Ana gave in with the client’s offer due to the fact that her career isn’t in demand anymore. Furthermore, Ana had to look for another client for an additional income. And luckily!
(Client 2 enters the office of Ana)
Client 2: Hello, you’re Ms. Ana right? Well I’ve heard a lot of positive feedbacks about you. So, I’m offering you a 500 thousand salary for your service in return for you to make a report regarding financial matters of my company that you will finish making in just a week.
Narrator: Finally Ana, both accepted the deal which violates the code of ethics stated being a CFA.
(In the middle of the project)
Client 2: (Calling Ana) Hi Ana, I just want to remind you that you have to submit the report at the end of this week. Okay?
Ana: Okay maam, it will be ready in no time.
Client 2: Good.
Ana: Have a good day maam. Bye!
(Ana in sudden realization)
Ana: OMG! What have I have done?  I know it’s not right to handle things this way. I know I could earn instant money by having these two projects, I just can’t take it I need to do something.
Narrator: In order to lessen her burden Ana decided to report her wrong doings to the CFA Institution
(Ana went to counselor’s office)
Counselor: Ms. Ana, I am very disappointed of your action. You know, in every unethical behavior has a corresponding consequence and your decisions are very questionable. The council is not happy with it so we are sorry to inform you that we have to do what is right, to terminate your title as a certified financial analyst.  I’m really sorry.
Ana; It is okay sir I accept the punishment, for in the first place it’s my fault.

Narrator: The Ana catastrophe serves as a warning for the head of the CFA Institution to respond immediately by conducting a meeting.
Head of CFA: The purpose of this meeting is to remind you how a CFA should behave, we are very affected by the recent catastrophe that Ana brought which is named after her. As a CFA, you are expected to be knowledgeable with the applicable laws- foreign and regional. As to where the investment products to be developed to be distributed to clients and the reports to be analyzed. Each one of us must always be stay informed – what changes established laws or regulation are being made. We must review the handbook from time-to-time maintains readily accessible copies of important files. When doubting as to what appropriate actions to undertake one must seek the advice of the legal counsel. When dissociating from a current activity one may have to resign his or her employment. Each firm must consider the following policies and procedure to support the principles of
Standard I-A:
·        Develop and Adopt the Code of Ethics
·        Provide Information on Applicable Laws
·        Established Procedures for Reporting Violation
The business industry is looking forward for us to correct and not to make the same mistakes again.
Meeting Adjourn 

Research paper about Department of Labor and Employment


 ( click source )

DOLE
Department of Labor and Employment


Submitted By:
Balbuena, Marc John P.
Balingkit, John Peter J.
CaƱaza, Odessa G.
Quimbo, Josh Lauren H.
Torayno, Kenrich J.
Yu, Frederick Jr. Z.
BA 9- E

Submitted To:
Dr. Jimbo Fuentes

September 26, 2013

I. Background of the Company



DOLE Profile
The Department of Labor and Employment (DOLE) started as a small bureau in 1908. It became a department on December 8, 1933 with the passage of Act 4121. The DOLE is the national government agency mandated to formulate and implement policies and programs, and serve as the policy-advisory arm of the Executive Branch in the field of labor and employment.

On December 8, 1933, the Bureau of Labor was constituted as a Department by virtue of Republic Act 4121. Since then, it has continuously evolved its thrusts and strategies to respond to emerging socio-political and economic challenges while keeping as primary concern the protection and promotion of the welfare of local and overseas Filipino workers (OFWs).


II. Scope of DOLE

Today, the DOLE is the national government agency mandated to formulate policies, implement programs and serve as the policy-coordinating arm of the Executive Branch in the field of labor and employment.

It serves more than 40 million workers comprising the country's labor force, covering those in the formal and informal economies, private and public. On top of this, the DOLE clients also include workers' organizations, employers and/or employers' groups, non-government organizations (NGOs), and other government agencies, the academe, other stakeholders, international organizations (e.g., ILO, IOM, UNDP, UNICEF), and the international community including the host countries of our OFWs.

To carry out its mandate, the DOLE has 16 regional offices, 83 Field Offices with four (4) Satellite Offices, 38 overseas posts, 6 bureaus, 7 staff services and 11 agencies attached to it for policy and program supervision and/or coordination. It has a total manpower complement of 9,120. For 2013, the DOLE has a total budget of P8.083 Billion.





III. Main Line of Service

DOLE Services
Our Services are responsible for providing advice and support services relating to their respective areas of concern, so as to ensure Department’s efficient, effective and economical operations.
§  Administrative
·         Join us in providing the Department with efficient, effective and economical services relating to building administration and maintenance, records management, supplies, equipment, collections, disbursements, security and custodial work.
§  Financial and Management
·         Make use of your organization and process skills in managing of our Department’s budgetary, financial and management improvement matters.
§  Human Resource Development
·         Put into use your interpersonal skills and assist us in attracting, developing, and retaining the best people in DOLE. Our HRDS is responsible for administering personnel programs, selection and placement, career and employee development, performance evaluation, employee relations and welfare, as well as providing program and corresponding projects that shall make available training, education and development opportunities needed to upgrade the levels of competence and productivity.
§  Internal Audit
·         Use your analytical and assessment skills in achieving effective and efficient fiscal administration through the development and implementation of internal control system, as well as being on guard on the prevention and detection of fraud or dishonesty in the Department through reviewing of cases involving misuse of agency property and checking of transactions with outside parties.
§  Labor Communications
·         Have a knack for writing news? Your writing, love for details, and interpersonal skills will help us disseminate the latest news and information on labor and employment. Get to monitor and analyze tri-media issues affecting the Department and initiate appropriate and timely action and responses.
§  Legal
·         Take the challenge of providing legal advice, service and assistance to the Department and its employees through preparation of informative and clarificatory opinions on labor laws, rules and regulations.
§  Planning
·         Employ your management and planning skills by providing support to the Department’s corporate planning, monitoring, and evaluation of plans necessary for the achievement of our vision and mission. Join us, too, in developing and maintaining our management information system.





DOLE Bureaus
Our Bureaus primarily perform policy and program development and advisory functions for the Department in the administration and enforcement of laws along their respective areas of specialization.
§  International Labor Affairs Bureau
·         Join us in developing policies, plans, programs, projects, procedures, and standards relative to labor and employment concerns abroad. Lend a hand in monitoring the operations of our Philippine Overseas Labor Offices (POLOs).
§  Bureau of Labor and Employment Statistics
·         Love reading in-between the numbers? Use your analytical skills and take part in formulation, development, and implementation of plans and programs on the labor statistical system, thus providing the government with timely, accurate and reliable data on labor and employment.
§  Bureau of Workers with Special Concerns
·         Help us offer assistance relative to development and protection of informal and rural workers, including sugar workers, women workers, young workers, working children, and elderly workers.
§  Bureau of Working Conditions
·         Curious about how good working conditions affect workers? Let your research skills be employed in aid of standards, policy programs, and devices development on labor standards, its administration, and enforcement.
§  Bureau of Labor Relations
·         Labor union permits and collective bargaining agreements; just two of the labor-relation registrations that we handle. Set policies, standards, and procedures in the registration and supervision of legitimate labor union activities, as well as examine records of labor organizations to determine compliance with relevant laws.
§  Bureau of Local Employment
·         Assist us in making sure that the best Filipino employees are hired by the best companies here and abroad. Your organizational and interpersonal skills, as well as research skills, will be put into action through the continuous development and implementation of a National Employment Plan in coordination with social partners. Moreover, help us maintain the three important employment portals: the Career Guide, Phil-Job.net (the official job hunt site of the Philippine Government), and Public Employment Service Offices (PESOs).

DOLE Regional Offices
What our Bureaus develop and enforce, our Regional Offices implement. The men and women in our Regional Offices continue to provide economical, efficient, and effective services to the people in coordination with local government units. Our offices are located strategically in the Philippine archipelago for easy access to labor and employment services.







DOLE Attached Agencies
DOLE’s 12 attached agencies assist in promoting gainful employment opportunities, advancement of workers’ welfare, and maintain industrial peace. Our attached agencies initiate policies, programs, researches, conduct effective conciliation and mediation and speedy labor or industrial settlements, as well as administer certifications that benefit employees and employers, helping companies put safe, healthy, and conducive work places.


IV. List of directories
Department of Labor and Employment
DOLE Bldg., Muralla cor. Gen. Luna Sts., Intramuros, Manila
527-3000 Trunkline
Website: www.dole.gov.ph 
Secretary
Rosalinda Dimapilis Baldoz
·         Tel.: 301-0182; 527-3494 F
·         Email: osec@dole.gov.ph

Undersecretary of Labor Standards & Social Protection Cluster
Lourdes M. Trasmonte
·         Tel.: loc. 729-31; 527-5947 F

Undersecretary of Employment & Manpower Development Cluster
Danilo P. Cruz
·         Tel.: 527-2124; 527-3462 F


Undersecretary of Labor Relations Cluster
Hans Leo J. Cacdac
·         Tel.: loc. 708; 527-5498 TF 
Undersecretary
Rebecca C. Chato
·         Tel.: 527-3000 loc. 708, 718
·         Fax: 527-5498
·         Email: useclr@dole.gov.ph

Assistant Secretary
Rebecca J. Calzado
·         Tel.: 527-3526; 527-2130 F

Assistant Secretary
Ma. Teresa M. Soriano
·         Tel.: 527-3559; 527-3515

Assistant Secretary
Ma. Joji V. Aragon
·         Tel.: loc. 713; 527-3566 F

OIC, Office of the Assistant Secretary Labor Standards & Social Protection Cluster
Elizabeth O. Recio
·         Tel.: 527-3000 loc. 720 to 722
·         Fax: 527-3515

BUREAUS
Director IV, Bureau of Local Employment
                  Maria Criselda R. Sy
·         6/F BF Cond. Corp., Solana St., Intramuros, Manila
·         Tel.: 528-0087; 527-2421 F
·         Email: od@ble.dole.gov.ph

OIC- Director, Bureau of Labor and Employment Statistics
                  Ma. Teresa V. Peralta
·         3/F DOLE Bldg., Intramuros, Manila
·         Tel.: 527-3000 loc. 314-315; 527-5506 F
·         Email: dolebles@yahoo.com

Director IV, Bureau of Labor Relations
                  Rebecca C. Chato
·         6/F BF Cond. Corp., Solana St., Intramuros, Manila
·         Tel.: 527-2551; 527-2459 F
·         Email: od_blrdole@yahoo.com.ph

Director IV, Bureau of Working Conditions
                  Brenda L. Villafuerte
·         3/F Muralla Wing DOLE Bldg., Intramuros, Manila
·         Tel.: 527-3000 loc. 308; 536-8975 F
·         Email: bwcdole@gmail.com

Director IV, Bureau of Workers with Special Concerns


                  Chita D.G. Cilindro
·         9/F G. E. Antonino Bldg., T. M. Kalaw cor. J. Bocobo Sts., Malate, Manila
·         Tel.: 527-5858 F; 404-3336
·         Email: bwywdole@yahoo.com

Director IV, International Labor Affairs Bureau
                  Ma. Celeste M. Valderrama
·         2/F DOLE Bldg., Gen. Luna St., Intramuros, Manila
·         Tel.: 527-3000 loc. 103; 527-3097 F
·         Email: ilas_dole2007@yahoo.com

Executive Director, Maritime Training Council
                  Liberty T. Casco
·         10/F G. E. Antonino Bldg., T. M. Kalaw, Ermita, Manila
·         Tel.: 467-4398
·         Website: www.mtc.gov.ph

Administrator, Overseas Workers Welfare Administration
                  Carmelita S. Dimzon
·         OWWADEC Bldg., 7th cor. F. B. Harrison Sts., Pasay City
·         Tel.: 833-0139; 834-0148
·         Email: admin@owwa.gov.ph 
REGIONAL OFFICES
Regional Director, NCR
                  Raymundo G. Agravante
·         Tel.: (632) 400-6242; 400-6241 F
·         Email: dolencr2008@yahoo.com

OIC-Regional Director, CAR
                  Sixto T. Rodriguez Jr.
·         Tel.: (074) 442-2447; 443-5339 F
·         Email: dolecar88@yahoo.com

Regional Director, Region I
                  Henry John S. Jalbuena
·         Tel.: (072) 700-2520
·         Email: dole_ro1@yahoo.com

Regional Director, Region II
                  Grace Y. Ursua
·         Tel.: (078) 844-2728; 304-5085
·         Email: imsd_services@yahoo.com

OIC-Regional Director, Region III
                  Leopoldo B. de Jesus
·         Tel.: (045) 455-1613
·         Email: dolero3@gmail.com



Regional Director, Region IV-A
                  Ricardo S. Martinez Sr.
·         Tel.: (049) 545-7360 ; 545-7357 F
·         Email: dole4imsd@yahoo.com


Regional Director, Region IV-B
                  Ma. Zenaida Eusebia A. Angara
·         Tel.: (043) 288-1485; 288-1667
·         Email: doleregion4b@yahoo.com

OIC-Regional Director, Region V
                  Alvin M. Villamor
·         Tel.: (052) 480-5831; 820-4806 F
·         Email: dolero5@yahoo.com

OIC-Regional Director, Region VI
                  Crispin D. Dannug Jr.
·         Tel.: (033) 509-0400; 320-8026 TF
·         Email: doleregion6@yahoo.com.ph

OIC-Regional Director, Region VII
                  Exequiel R. Sarcauga
·         Tel.: (032) 253-0638; 253-9521
·         Email: dole_centralvisayas@yahoo.com

Regional Director, Region VIII
                  Forter G. Puguon
·         Tel.: (053) 523-4220; 325-5236 TF
·         Email: dolero8@mail.evis.net.ph

Regional Director, Region IX
                  Ponciano M. Ligutom
·         Tel.: (062) 993-1754 ; 991-2673 F
·         Email: dole9record@yahoo.com

Regional Director, Region X
                  Alan M. Macaraya
·         Tel.: (088) 857-2218
·         Email: dole10_imsd@yahoo.com

OIC-Regional Director, Region XI
                  Jeoffrey M. Suyao
·         Tel.: (082) 227-4289
·         Email: dole11davao@yahoo.com

Regional Director, Region XII
                  Ma. Gloria A. Tango
·         Tel.: (083) 228-4920; 228-2190
·         Email: dole12ro@gmail.com

OIC-Regional Director, Caraga
                  Ofelia B. Domingo
·         Tel.: (085) 225-3229; 341-3198
·         Email: dolexiii@sky.net 

ATTACHED AGENCIES
Executive Director, Institute for Labor Studies
                  Cynthia R. Cruz
·         5th Flr., DOLE Bldg., Intramuros, Manila
·         Tel.: 527-3456; 527-3448
·         Email: ilsoed2010@yahoo.com
·         Website: www.ilsdole.gov.ph

Undersecretary of National Conciliation and Mediation Board
                  Hans Leo J. Cacdac
·         4/F-6/F Arcadia Bldg., Quezon Ave., Quezon City
·         Tel.: 332-4176; 332-4175
·         Email: ncmbco@yahoo.com

Chairman, National Labor Relations Commission
                  Gerardo Benjamin C. Nograles
·         PPSTA Bldg., Banaue Ave. cor. P. Florentino St., Quezon City
·         Tel.: 711-1500; 711-1554
·         Email: info@nlrc.dole.gov.ph

OIC-Executive Director, National Maritime Polytechnic
                  Josephus B. Jimenez
·         2/F ECC Bldg., Gil Puyat Ave., Makati City
·         Tel.: 899-3283; 897-2767
·         Email: nmpmnl@yahoo.com


Executive Director, National Wages and Productivity Commission
                  Ciriaco A. Lagunzad III
·         2/F & 3/F DY International Bldg., Gen. Malvar cor. San Marcelino St., Malate, Manila
·         Tel.: 527-5141; 527-5139
·         Email: web.nwpc@yahoo.com

Administrator, Philippine Overseas Employment Administration
                  Carlos S. Cao Jr.
·         POEA Bldg., Ortigas Ave. cor. EDSA, Mandaluyong City
·         Tel.: 722-1163; 722-1159
·         Email: info@poea.gov.ph

Chairman, Professional Regulation Commission
                  Teresita R. Manzala
·         P. Paredes St. cor. N. Reyes St., Sampaloc, Manila
·         Tel.: 314-0013; 735-1537

Director General, Technical Education and Skills Development Authority
                  Emmanuel Joel J. Villanueva
·         TESDA Administrative Bldg., TESDA Complex, East Service Road South Superhighway, Taguig, Metro Manila
·         Tel.: 893-2454; 818-8829
·         Email: contactcenter@tesda.gov.ph