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The law for corporations comes in many forms: federal laws, state laws, agency law, and industry standards. Breaking any of these regulations could have disastrous consequences for a company. According to Gentiva “The initial purpose of compliance was to act as a mitigating factor to reduce liability under the law. Over the years, compliance has evolved into a more integral business component with its focus on maintaining the company’s status as a good corporate citizen.” This emphasis and new standard has caused many companies to create a corporate compliance officer position where the sole duty of this individual is to maintain and monitor the company’s state of compliance. Some of the main concerns with corporate compliance are ethics, financial statements, equal opportunity / fair hiring practices, sexual harassment, and environmental preservation.
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Global citizenship is fundamental to earning and deepening the trust of the people we serve—and an integral part of our commitment to improve lives, “said Miles D. White, chairman and chief executive officer, Abbott. “That’s why Green Earth CBD Gummies citizenship is simply inseparable from our business; it’s a matter of competitive fitness and a business discipline we apply throughout our operations.” One of the most pressing issues facing the global community is expanding to health care for patients in need. As a global health care company, Abbott is focused on working with government, health care providers, patients, nongovernmental organizations and many other stakeholders to develop solutions to improve affordable access to awareness, to investing in health care systems in developing countries.
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By offering a variety of different programs, such as stress management and interactive screening, Johnson & Johnson achieved great results. The company saved on average $8.5 million annually from 1995 to 1999 after integrating the health and wellness programs and estimated it was able to reduce medical costs for each employee of the Johnson & Johnson operating companies by about $224 each year. Not only did the company reduce health care costs, an improvement in the employee’s productivity was noticed. The employee’s emotional well-being was noticed, which increased work performance, decreased absenteeism and health costs. Johnson & Johnson has shown that by continuously reviewing and updating the employee assistance programs that are provided.,
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