Public disclosure laws refer to companies and organizations that are privately owned and, therefore, do not have to disclose financial and operating details in most cases. These laws are important because they allow companies and organizations to decide what information, if any, should become public knowledge.Know More
Companies and organizations that are publicly owned, however, are forced to share specific information about their operating results, management compensation and financial conditions. These laws are applicable to all publicly shared companies regardless of whether they are small or large businesses. These laws were created to ensure that stockholders know what is going on with the companies that they have invested in. Some companies choose to remain private so that they can avoid these laws.
Another law that is similar to the public disclosure laws is the Sarbanes-Oxley Act. This Act was created when Enron filed for bankruptcy in 2001. It was the largest bankruptcy filing in history at that point and cost Enron's investors billions. Not only did the bankruptcy hurt investors, but employees lost their life savings as well as their jobs. It could have been prevented if there were regular audits that had showed the financial decline of the company. The data was hidden due to corrupt practices by Enron management. The Sarbanes-Oxley Act addresses these corrupt business practices and makes them virtually impossible, in order to protect both investors and employees.Learn more about Law
Anti-mendicancy laws forbid begging or the soliciting of charitable donations by the poor or religious organizations in the streets. They are epitomized by Presidential Decree No. 1563, an anti-mendicancy law implemented in the Philippines by President Ferdinand Marcos in 1978. Though controversial, as of 2014, it is still in effect.Full Answer >
The laws concerning abandoned vehicles vary somewhat by state, but in most cases, the owner of the private property needs to get in touch with law enforcement to remove an abandoned vehicle. If the private property owner contacts a towing company, the towing company must then contact law enforcement. Another option is for the property owner to obtain the title of the abandoned vehicle and then decide what to do with it.Full Answer >
Federal law covers most cases of buyer's remorse in all 50 states, including solicited sales, timeshares and homeowner loans, while some states have laws to protect rueful consumers with certain contracts, such as gym memberships, and can extend the federal cooling-off period, according to the AARP. Buyer's remorse laws do not apply to automobile purchases.Full Answer >
Environmental scientists help protect the environment by doing fieldwork tests, ensuring that companies and organizations adhere to government protection laws, writing reports and creating environmental protection plans. They analyze environmental problems, such as pollution, and assess the safety of the environment.Full Answer >