MEMORANDUM

STUDENT NAME: Karthik Margabandhu

EMPLOYER: NXP Semiconductors
SUPERVISOR: Carl Duffy
WEEK DATES: 02/13/2023- 02/17/2023

What was the focus of the course work this week?

This week, the course focuses on the necessity of strategic planning and management
activities for businesses in order to leverage controls and systems to ensure the
effective execution of programs. Also discussed is ethical auditing. We identified the
pros and cons of ethics auditing and discovered the audit's strategic function. The text
then describes the essential components of an effective ethics auditing process. In
addition, the connection between business ethics and regulatory oversight was
discussed.
What were the topics?
Business ethics auditing and its benefits were discussed, along with ethical crisis
management, measuring non-financial ethical performance, auditing risks, and auditing
requirements. In addition, the auditing procedure and its components were examined in
depth. The case study on the significance of an ethical audit when top management
lacks the motivation to conduct one was discussed. The case study on the connection
between regulatory oversight and business ethics.
How does it relate to your work?
As part of my job, it is essential that I adhere to manufacturing standards and
procedures for the construction industry. It is essential that we acknowledge the actions
of corporations and adhere to their regulatory, legal, and ethical obligations. An Ethics
and Integrity Management Team (EICT) adheres to a policy to monitor and inspect
employee activities, provide a forum for employees, and reveal issues of enforcement or
legal concern. The team establishes guidelines for ethics and integrity, implements the
principles through a written policy, and creates an organizational structure that
facilitates the effectiveness of the program. When the team conducts an audit in my
area of responsibility, it is my responsibility to provide honest feedback.