Assignment:
Leadership and Regulatory Compliance
Write 500-600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
Read attached problem scenario B to learn more about regulatory challenges. This scenario will provide you with key information to help formulate your answers for the assignments.
You have scheduled a meeting with the newly combined management team of UWEAR and PALEDENIM for next week. In anticipation of the meeting, Tom Tramlin, the chief executive officer (CEO), has sent you an e-mail requesting that you cover the following topics during your meeting with his team:
UWEAR and PALEDENIM were relatively small companies when they started in business. The team has never dealt with any government regulations or compliance issues, but it may be doing so soon because of the merger.
Additionally, PALEDENIM has always been a privately-owned company, and it will now be merged with UWEAR, which is publicly-owned. The management team of PALEDENIM needs to be briefed on any issues that are relevant to that transition as well.
During the meeting next week, please be sure to cover any government regulations or compliance issues that you feel may be pertinent to the business or to the current business climate as a whole.
Discuss the following for this assignment:
Question :1 What do you need to do to prepare for this meeting?
Question :2 What do you currently know about the topic?
Question :3 What resources do you have that can help you prepare for this meeting?
Question :4 What information will you present to the management team at the meeting?
Question :5 How will you present the information to the UWEAR and PALEDENIM management team at the meeting?
Problem scenario
Regulatory Compliance
Note: All character and company names are fictional and are not intended to
depict any actual person or business.
Knowing that mergers may require a dramatic change in company culture, you realize that you need to meet with the human resources (HR) and leadership teams because they will play important roles in the merger. The leadership team will drive the change, and the HR team will be charged with managing the change. You have scheduled a meeting with Steve Maine, your vice president at ALTAP consulting, to consult with him on this project."Thanks for meeting me today, Steve," you begin."Ineed to talk through some of the issues before meeting with the HR and leadership teams at UWEAR and PALEDENIM. The merger is going well, but it is becoming apparent that there are some significant change issues that need to be addressed.""I've heard good things about your work on this project," Steve answers. "I'm sure you have it under control, but I'll behappytohelp where I can." "We are dealing with the issues of joining together two very disparate companies," you explain. "On the one hand, UWEAR is public and has 100 employees; on the other hand, PALEDENIM is private with only 15 employees. They basically provide the same type of service, but they are completely different businesses in how they operate inside and outside of the company."You continue, "Yes, and both the employees and managers of each company have different philosophies and expectations. PALEDENIM employees and managers have a kind of ‘one-for-all and all-for-one' attitude. They all chip in to get the job done. The UWEAR employees and managers look at things differently. They're more apt to do their jobs, get them done, and go home without consideration for what else the rest of the team needs to complete.""That is definitely a culture issue," Steve agrees. "In fact, that is the classic definition of a culture issue. I'm sure they're also dealing with the typical power struggles. I bet everyone is worried about whether their department will be headed by a UWEAR manager or a PALEDENIM manager."Problem B: Regulatory Compliance 2"Exactly,"you say. "I know the intention of the merger is to benefit both companies, but there are unintended consequences as well.We need to do whatever we can to help the employees of both companies get through this with the fewest glitches possible."