Arbitration Case-Decision and Analysis Essay Example | Topics and Well Written Essays - 750 words

Arbitration Case-Decision and Analysis - Essay Example The company contended that Rose Ross failure to wear one of her steel gloves while continuing to operate the saw constituted gross safety violation punishable by discharge. According to Article 1 – Management Rights of the Contract Provisions, management has the right to discharge for just cause. The Company also has the right to determine work processes and procedures and enact plant rules and regulations which are not in conflict with the legal rights of its employees. The arbitrator therefore accepts the company’s position that Ross committed a gross safety violation punishable by discharge as this has been communicated to employees under Work Rules, wherein disregard of safety rules that endanger the safety of the employee or other employees is considered serious enough to warrant major disciplinary action, including discharge. Ross’ admission that she was not wearing the left-hand glove while operating the saw, as well as her admission that she was aware of the requirement, since she had already been previously warned about it on two previous occasions, support the company’s position. The Company also contended that its decision to terminate Ross was supported by prior arbitral decision. It has also cited the arbitral opinion of Arbitrator Porter in Bethlehem Steel Co., who reasoned that employees may not exercise individual discretion regarding the need to comply with safety rules. The prior decision does set a precedent for Ross’ case, although Arbitrator Porter’s opinion does not have any bearing on it. The prior case also involved saw operation and consists of the same type of violation. Employees should be able to realize the importance of the Work Rules, especially for their own benefit. Although the prior decision sets a precedent for Ross’ case, and supports the Company’s position, not much weight is put into it per se. What matters more is

Summary Article Example | Topics and Well Written Essays - 250 words

Summary - Article Example This is best done when they understand the company’s value creation process and have analytical tools such as a discounted cash valuation model that helps in forecasting revenues, expenditures and other performance measures. DCF (discounted cash flow) models have been used in the past to record and track company performance and would especially be used during crises (Slogan Management Review, n.d). Out of them, finance experts would be able to determine whether the information presented by directors is grossly incomplete or misleading. It is however a fact that the model is subject to manipulation and may not reflect the true state of events. According to the Slogan Management Review (n.d), an effective DCF model will always delineate the operating performance level that is necessary to achieve preset valuation targets. However, company directors must be able to distinguish temporary and permanent events for the successful use of DCF models. DCF models by nature are known to give directors the ability to maximize the value of shareholders in a manner that can be monitored. They also are capable of highlighting the differences between cash flows and accounting accruals. Yet again, DCF models require the explicit accounting of resources for future growth while also providing an additional tool for executive compensation. Such models, in spite of their numerous advantages may not be able to detect false revenues among other accounting tricks (Slogan Management Review, n.d) such as was in the case of Enron. With an aim of solving problems related to the incompetence of governing boards, some organizations have opted to redefine the role of their directors. Such measures are taken to ensure that board members act in the best interest of shareholders in all their activities. Some critics have also suggested that a separate staff should be