The Universal Commercial Code, Banks, and Fraudulent Activity

What happens when a bank accepts a check with a forged endorsement? Who suffers the loss? Who is liable? Where can these answers be found? Check fraud law is governed by Articles 3 and 4 of the Uniform Commercial Code (UCC). The National Conference of Commissioners on Uniform State Laws and the American Law Institute created the Uniform Commercial Code in a joint effort. It took over ten years to originally draft the UCC, and a further fourteen years for the UCC to be implemented across the country. The creation of the UCC began in 1940 in an effort to attack major commercial problems with comprehensive legal solutions The UCC allows commercial organizations to do business across jurisdictional boundaries with confidence because these†¦show more content†¦It seems that the company does not think it feasible to try to recovery their loses from employee, Lisa Leslie, and therefore goes after the bank for allowing her to steal from them. Is the bank at fault? Does the bank have an obligation to their customers to protect them from fraudulent activity? In short, yes. Customers trust banks to do just that. In this case, the bank did what it was supposed to do. The court held that a corporate resolution given to the bank and a signature card gave the officer authority to endorse checks for deposit to the account, and to draft checks from the account, so the bank was not liable for conversion. These documents were unambiguous. The resolution and signature card clearly let the officer act for the company regarding the account, including withdrawing money and endorsing checks for deposit. The fact that she was not specifically designated as an officer in the resolution was irrelevant. Her acts did not violate the authority the resolution gave her, and whether she violated company policy related to her abuse of authority, not a lack of authority. The bank was not liable for such abuse. Given her authority, nothing put the bank on notice of her illegal activity, so theShow MoreRelatedThe Means Whereby IT Managers as Purchasing Agents Participate in Fraudulent1930 Words   |  8 PagesPurch asing Agents Participate in Fraudulent Activities †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦..†¦...5 Recommendations For Measures or Actions That Chief Information Officers (CIOs) or Chief Technology Officers (CTOs) Might Mandate to Reduce Fraud and Other Unethical Practices While Protecting the Reputation of the Organization and the Infrastructures of Computer Systems †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.7 How These Measures Would be Useful and Reduce the Amount of Fraudulent Activities..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreReport on Corporate Frauds in Bangladesh5564 Words   |  23 Pagesspite of certain exceptions not much development or research has been done regarding corporate fraud in Bangladesh. Even among the available secondary data, only a few actually highlights the poor condition of auditors in the country. Though Bangladesh bank amp; other governing bodies like SEC has been more cautious amp; have started taking necessary steps recently, they aren’t sufficient enough to better the condition. Several steps need to be taken to reduce corporate frauds amp; auditors involvementRead MoreBanking Laws and Jurisprudence Reviewer41247 Words   |  165 PagesINTIG, JOY ESTELA DE JESUS, TRACY ANN. FROM SECTION 2S AY 2011-2012 Topic Page 2 5 8 12 24 29 Chapter 1- Banks and Business of Banking Chapter 2 - Organization, Management, Administration Of Banks Chapter 3 - Deposit Functions Of Banks Chapter 4 - Investments, Loans and Other Bank Functions Chapter 5 - Prohibited Transactions and Cessation Of Banking Business Chapter 6 - Foreign Banks and Trust Operations MIDTERM COVERAGE: Chapter 1 - 6 Chapter 7 - The Banko Sentral ng Pilipinas Chapter 8-Read MoreFinancial Institutions and Market7668 Words   |  31 Pagesï  ® Provides various financial services to the society. Financial institution ï  ® A financial institution is an institution whose primary source of profits is through financial asset transactions Classifications of Financial Institutions ï  ® ï  ® ï  ® ï  ® ï  ® ï  ® ï  ® Banks Stock Brokerage Firms Non Banking Financial Institutions Building Societies Asset Management Firms Credit Unions Insurance Companies Get MBA study materials, articles, order business templates and stock market updates from or www.easymbaguide.comRead MoreCommercial Liens - a Potent Weapon Essay32374 Words   |  130 PagesCOMMERCIAL LIENS A MOST POTENT WEAPON Version 1.0 |Edited by Build Freedom staff | |[with acknowledgments and credit to Alfred Adask (Publisher of AntiShyster magazine), Richard Boalbey, David | |DeReimer, and the various lien authors, for providing some of the content] | |(Applicable To The U.S.A.; Adaptable For Some Other Countries) Read MoreFoundation Course26234 Words   |  105 Pages_____________________________________________________7 Services Offered by Banks ______________________________________________10 Trends in Banking Services _____________________________________________12 Classification of Banking Systems________________________________________13 Central Banking System__________________________________________________13 Commercial Banking System ______________________________________________19 Classification of Commercial Banking Services ________________________________21 StructureRead MoreAgency. Express Actual Authority5502 Words   |  23 PagesAgency * Sec. 3 of the Civil Law Ordinance states as follows: â€Å"In all questions or issues which may hereafter arise or which may have to be decided in Ceylon in respect of the law of partnerships, corporations, banks ad banking, principals and agents, carriers by land, life and fire insurance. The law to be administered shall be the same as would be administered in England, In the like case as the corresponding period, if such question or issue had arisen or had to be decided in EnglandRead MoreOnline Banking42019 Words   |  169 PagesLegal Issues involved in Internet Banking 74 Chapter- 8- Regulatory and supervisory concerns 84 Chapter–9 - Recommendations 98 Annexure 1 111 Annexure 2 112 Annexure 3 113 Annexure 4 115 Chapter–1– Introduction 1.1 Background 1.1.1 Banks have traditionally been in the forefront of harnessing technology to improve their products, services and efficiency. They have, over a long time, been using electronic and telecommunication networks for delivering a wide range of value added productsRead MoreContracts Notes31044 Words   |  125 PagesCohen; Barton v Armstrong). It appears that today, the emphasis appears to have shifted away from the notion of coercion of the will of the plaintiff to the lack of legitimacy in the pressure or compulsion (Crescendo Management Pty Ltd v Westpac Bank Corporation). 2. Types of Duress There are three types of duress – threats to the person, threats to personal property and economic duress. a) Threats to person: The traditional common law concept of duress was limited to actual or threatenedRead MoreEssay on LAW4198 Australian Commercial Law27758 Words   |  112 Pagesï » ¿LAW4198 Australian Commercial Law Exam Notes Formation of contracts 1. Agreement Offer Offeror/promisor = person making the offer. Offeree/promisee = person to whom the offer is made. Characteristics of an offer Offer: Proposal; Invites acceptance; With a willingness to enter into a contract upon acceptance. An offeror will have made an offer where it appears to a reasonable person in the position of the offeree that an offer was intended. Subjective intentions are irrelevant. Examples

The Effects Of Television On Children Is Dora A Child...

An Examination of the Negative Effects of Television on Children: Is Dora a Child Predator? In one year, a child tends to spend more time watching TV than the amount of time spent in the classroom. Beginning in 1927, the first television consisted of nothing more than a very small box that consumed a monstrous amount of energy. As years passed, World War II served as the spark in the age of the TV. Many people in the United States of America became distraught during the war. What’s more settling than buying something to make oneself feel better? As TV’s flew off the shelf, little did America know of the potential harmful effects on education. The TV has been proven to negatively affect our children’s brains. The setbacks of TV far outweigh the The Small Fry Club, Tillstrom s Kukla, Fran, and Ollie, and Robert E. Buffalo Bob Smith s Howdy Doody Time provided some of the first children’s programs aired. Cartoons became a popular Saturday morning event in the early 1960’s. This ritual benefited both the parents and the child. The kids enjoye d having such consistent entertainment and the parents managed to have some free time to themselves. However, as time passed by, the use of television did not solely rely on entertainment, but also to distract children. As I watched my mother set my one year old sister in front of the television so she could do some house work, I questioned the health hazard of TV consumption. Ironically, the term baby-sitter is a synonym for a

Business Academic Skills Business Internship

Question: Discuss about the Business Academic Skills for Business Internship. Answer: Several researchers have examined the impact of internships on the career of the university students. Coco, Truong and Kaupins (2013) have illustrated the advantages and disadvantages of the internship program for the university students. The authors are of the opinion that the internship program would be helping the students in gaining the first hand experience related to the tasks such that they are able to learn to tackle and resolve the issues and problems related to work. While, the major disadvantage is the lack of clear expectations related to the program and the lack of combination in the company (Coco, Truong and Kaupins 2013). Dobratz, Singh and Abbey (2014) have argued that the internship program in business curricula is nowadays, referred to as simply an option rather than a requirement. By establishing a link between the internships and the entrepreneurship, the authors have pleaded the universities to incorporate the internships into the entrepreneurship education progr ams owing to the advantage of the internship in enhancing the student experiences and the success of entrepreneurs as well. Carson (2013) has illustrated the challenges as faced by the students and the employers during the recruitment process owing to the lack of prior experience, knowledge and skills in the students related to the work. The author has thus, argued that the one stop solution to this situation is by exposing the students to the entrepreneurship environment and work culture such that to enable them in gaining the valuable experiences and academic credit in the process. This could only be possible by establishing internship programs at the junior and senior level academic courses (Carson 2013). Thus, from the arguments as stated by the researchers, it could be evident that the end result of the business internship program heightens the potential of the students for successful new venture creation. References Carson, L. (2013). Bridging the gap: Internships can benefit students and employers.Public Relations Society of America. [online] Available at: https://913868_1145526376_Article3.pdf. Coco, M., Truong, A. and Kaupins, G., 2013. STUDENT AND COMPANY REACTIONS TO A UNIVERSITY INTERNSHIP PROGRAM: CONTENT ANALYSIS.International Journal of Education Research,8(1). Dobratz, C.L., Singh, R.P. and Abbey, A., 2014. USING FORMAL INTERNSHIPS TO IMPROVE ENTREPRENEURSHIP EDUCATION PROGRAMS.Journal of Entrepreneurship Education,17(2), p.62.

ATP Definition and Importance in Metabolism

ATP Definition and Importance in Metabolism Adenosine triphosphate or ATP is often called the energy currency of the cell because this molecule plays a key role in metabolism, particularly in energy transfer within cells. The molecule acts to couple the energy of exergonic and endergonic processes, making energetically unfavorable chemical reactions able to proceed. Metabolic Reactions Involving ATP Adenosine triphosphate is used to transport chemical energy in many important processes, including: aerobic respiration (glycolysis and the citric acid cycle)fermentationcellular divisionphotophosphorylationmotility (e.g., shortening of myosin and actin filament cross-bridges as well ​as  cytoskeleton construction)exocytosis and endocytosisphotosynthesisprotein synthesis In addition to metabolic functions, ATP is involved in signal transduction. It is believed to be the neurotransmitter responsible for the sensation of taste. The human central and peripheral nervous system, in particular, relies on ATP signaling. ATP is also added to nucleic acids during transcription. ATP is continuously recycled, rather than expended. Its converted back into precursor molecules, so it can be used again and again. In human beings, for example, the amount of ATP recycled daily is about the same as body weight, even though the average human being only has about 250 grams of ATP. Another way to look at it is that a single molecule of ATP gets recycled 500-700 times every day. At any moment in time, the amount of ATP plus ADP is fairly constant. This is important since ATP is not a molecule that can be stored for later use.​ ATP may be produced from simple and complex sugars as well as from lipids via redox reactions. For this to occur, the carbohydrates must first be broken down into simple sugars, while the lipids must be broken ​into  fatty acids and glycerol. However, ATP production is highly regulated. Its production is controlled via substrate concentration, feedback mechanisms, and allosteric hindrance. ATP Structure As indicated by the molecular name, adenosine triphosphate consists of three phosphate groups (tri- prefix before phosphate) connected to adenosine. Adenosine is made by attaching the 9 nitrogen atom of the purine base adenine to the 1 carbon of the pentose sugar ribose. The phosphate groups are attached connecting and oxygen from a phosphate to the 5 carbon of the ribose. Starting with the group closest to the ribose sugar, the phosphate groups are named alpha (ÃŽ ±), beta (ÃŽ ²), and gamma (ÃŽ ³). Removing a phosphate group results in adenosine diphosphate (ADP) and removing two groups produces adenosine monophosphate (AMP). How ATP Produces Energy The key to energy production lies ​with the  phosphate groups. Breaking the phosphate bond is an exothermic reaction.  So, when ATP loses one or two phosphate groups, energy is released. More energy is released breaking the first phosphate bond than the second. ATP H2O → ADP Pi Energy (Δ G -30.5 kJ.mol-1)ATP H2O → AMP PPi Energy (Δ G -45.6 kJ.mol-1) The energy that is released is coupled to an endothermic (thermodynamically unfavorable) reaction in order to give it ​the  activation energy needed to proceed. ATP Facts ATP was discovered in 1929 by two independent sets of researchers: Karl Lohmann and also Cyrus Fiske/Yellapragada Subbarow. Alexander Todd first synthesized the molecule in 1948. Empirical Formula C10H16N5O13P3 Chemical Formula C10H8N4O2NH2(OH2)(PO3H)3H Molecular Mass 507.18 g.mol-1 What Is ATP an Important Molecule in Metabolism? There are essentially two reasons ATP is so important: Its the only chemical in the body that can be directly used as energy.Other forms of chemical energy need to be converted into ATP before they can be used. Another important point is that ATP is recyclable. If the molecule was used up after each reaction, it wouldnt be practical for metabolism. ATP Trivia Want to impress your friends? Learn the IUPAC name for adenosine triphosphate. Its  [(2R,3S,4R,5R)-5-(6-aminopurin-9-yl)-3,4-dihydroxyoxolan-2-yl]methyl(hydroxyphosphonooxyphosphoryl)hydrogen phosphate.While most students study ATP as it relates to animal metabolism, the molecule is also the key form of chemical energy in plants.The density of pure ATP is comparable to that of water. Its 1.04 grams per cubic centimeter.The melting point of pure ATP is  368.6 °F (187 °C).

Hewitt Packard Business Overview

Hewitt Packard Business Overview Free Online Research Papers Discuss the three most serious problems you have identified in the case. Defend why you think they are the most serious. One of the Hewlett-Packard’s most serious problems is its lack of management. CEO Carly Fiorina didn’t provide enough direction. The strategic vision she was using to guide the company was unclear, and nobody in the company has any idea if it was being carried-out or not. Without a well-defined strategic vision for the company, employees had no motivation and no sense of organizational purpose. As a result it can lead to a number of symptoms such as poor image, slow growth and a decline in sales, which is a direct connection to lack of leadership and imprecise strategic vision. The second of the H-P’s most serious problems was its confusing matrix structure, which blurred accountability lines and slowed decision-making. A matrix structure focuses on integrated teams and involves reporting to multiple managers. It can be highly effective, but it can be confusing to work within and it can also create conflict between project bosses in different parts of the matrix. According to Williams (2011), some of the common problems are disagreements or misunderstandings about schedules, budgets, available resources, and the availability of employees with particular functional expertise. A matrix structure requires a high level of coordination to manage complexity involved with running large, ongoing projects at various levels of completion and it also requires much more management skill than the other forms of organizational structure. The third of the most serious problem was the H-P’s reward system because it was so complicated and no one understood how performance affected his or her bonuses. A reward system does not have to be complex; it should be clear and simple in order to get the best results. Leonard (1994) refers to Jerry McAdams notations, which state as follows: â€Å"an employer needs to keep performance measures simple and select only whats important. A complicated and convoluted measurement system will lead to a complicated and convoluted reward system Describe how the company should attempt to correct each of the three most serious problems. In order to correct the under management problem, Hewlett-Packard has already taken the first step, which was to replace the current CEO, Carly Fiorina, with Mark Hurd. In order to succeed, the company needed a leader like Mike Hurd with a different leadership style, someone who focuses on a clear strategic vision, mission, goals, and objectives. A leader who could be able to turn H-P’s vague strategic vision it into something more precise and also make sure the company’s strategy is being properly executed. With respect to the confusing matrix structure, I agree with the tactic CEO Mark Hurd implemented to correct this type of operational issue, which had H-P’s single sales division reporting to four or five division heads at once. Hurd divided up the sales division, so that each of the major H-P product divisions had its own dedicated sales division. It seems that the matrix structure was not working for Hewlett-Packard; therefore it needed an immediate corrective action in order to appoint clear accountability lines and speed up decision-making. Hewlett-Packard should attempt to correct its complex reward system problem by implementing simplifications to it. Because of this complex bonus system, talented executives were leaving and the company was having trouble attracting new ones. A reward system should be intended to attract and retain suitable employees, to maintain and improve performance, and to maintain commitment to the organization. It should be a method of motivating employees to change work habits and key behaviors and it should be simple and easy to understand by them. Mark Hurd solved this issue by linking the bonuses directly to divisional and company performance, which I think was the best way of solving this issue. Recommend a leadership style or combination of initiating structure and consideration the CEO should adopt to address the problems of distrust and declining morale. Explain your answer. In order to address the problems of distrust and declining morale, CEO Mark Hurd should adopt a combination of leadership styles such as the relationship-oriented leadership style and the supportive leadership style. According to Fiedler theory, leaders under the relationship-oriented leadership style must be people-oriented. In other words, they need to focus more on the needs of the people and the organization they are guiding and focus less on their own needs. Fiedler points out that the effectiveness of a leader depends on a range of situational factors such as leader-member relations, task structure, and position power. Leader-member relations are the most important situational factor. â€Å"It refers to how well followers respect, trust, and like their leaders. When leader-member relations are good, followers will trust the leader and there is a friendly work atmosphere.† (Williams, 2011). Murray (2009) suggests that leadership should be adapted to the particular dema nds of the situation, the particular requirements of the people involved and the particular challenges facing the organization. One way of addressing the problems of distrust and declining morale should be adopting the supportive leadership style, suggested by the path-goal theory. The path-goal theory states that a leaders behavior is contingent to the satisfaction, motivation and performance of his/her followers. Leaders who show the way and help followers along a path are effectively leading. Leaders need to provide coaching, guidance, support, rewards necessary for effective work performance, and they must complement and not duplicate the characteristics of followers’ work environments. (Williams,2011). The CEO should also adopt the supportive leadership by considering the needs of the follower, showing concern for their welfare and creating a friendly working environment. This includes increasing the followers self-esteem and making the job more interesting. This approach is best when the work is stressful, boring or hazardous. (House Mitchell, 1974). The results of adopting this leadership style would be performance improvement and job stress reduction. It would also improve relations and trust between employees and leaders. By implementing or adopting these leadership styles, employees at Hewlett-Packard will no longer feel that they are working for the leader, but with the leader. After having examined all of the issues facing HP, recommend whether the CEO should focus on the approach to the current strategy or on implementation and execution. Defend your decision. I would definitely recommend that the CEO should focus on implementation and execution. Execution Management is essentially defined as translating your strategy into reality. It is not just accomplishing a task or a goal, but also to achieve the underlying business objectives. It has to enable a constant review and fine-tuning of your strategy. A good execution management will focus on WHAT as well as HOW of an achievement. The main reason the board hired the new CEO was because of his focus on execution (management). By focusing on implementation and execution, the CEO was able to successfully transform the company from a struggling, dysfunctional corporation into a well-structured and profitable corporation. Under his work style, Mark Hurd was able to work with the lower divisional levels to make sure operations were running smoothly. He was able to recast the CEO Fiorina’s strategy vision into something more concrete, offering specific visionary purposes. He tackled the confusing matrix structure by dividing up the sales division, so that each of the major H-P product divisions had its own dedicated sales division. He simplified the complex reward system by linking bonuses directly to divisional and company performance. He proved to match more closely to the traditional â€Å"H-P Way†, which was friendly, approachable, and supportive of its employees. Finally, within two years of Hurd t aking the CEO position, sales increased by $10 billion, and the stock price rose 80 percent. Research Papers on Hewitt Packard Business OverviewThe Project Managment Office SystemIncorporating Risk and Uncertainty Factor in CapitalMoral and Ethical Issues in Hiring New EmployeesOpen Architechture a white paperBionic Assembly System: A New Concept of SelfResearch Process Part OneRiordan Manufacturing Production PlanAnalysis of Ebay Expanding into AsiaMarketing of Lifeboy Soap A Unilever ProductEffects of Television Violence on Children

Situations Where Investors Do Not Diversify Assignment

Situations Where Investors Do Not Diversify - Assignment Example A diversified portfolio of investments, however, facilitates, distributing the risk factors across a number of securities issued by different firms. Therefore, if there are losses earned on a particular stock, it can be easily compensated by the profits earned on other stocks (Medo, Yeung & Zhang 2009). Investors are seen to diversify their portfolio by including not only common stock but also bonds and cash. Investing in stock is considered to be less risk induced than investing in debt securities. However, investments in stock do not yield fixed rates of return. The returns obtained from stock or the dividend earned depends upon the residual earnings of the firm. If a firm’s profits are high, it is likely that the returns are high. Since organizations operate in a complex business environment, it is difficult to predict the profits earned by a firm accurately. Considering such factors, investors find it risky to invest in common stock only (Loutskina & Strahan, 2011). Most i nvestors prefer including debt and other forms of borrowings in their portfolio. The advantage of including debt securities is that it facilitates fixed rates of returns. Investments made in cash are usually considered as a short-term reserve. Such investments can be liquidated easily. Usually, investors are seen to invest in money market securities so that they can be used in the state of emergencies. It is also important to understand that asset allocation and portfolio diversification are closely related. A diversified portfolio gets created through the allocation of assets (Goldstein & Pauzner, 2004). Diversification is required to be planned and approached with caution. Investors are normally seen to refrain from having a diversified portfolio during times when the market is highly volatile and there are risks associated with liquidity. Under such circumstances, investors avoid investing in debt and prefer common stock only. Hence, there is no limited diversification.  

Sustainability in IT Essay Example | Topics and Well Written Essays - 2500 words

Sustainability in IT - Essay Example The economic perspective of sustainability is about creating a long lasting trade system. On the other hand, corporate suitability is about focusing on the impact of business on the environment and society. The adoption of principles pertaining to sustainable development is therefore extremely important (Newsome, Moore and Dowling, 2002, p. 303). Nevertheless, in reality sustainability and business do not makes a good pair as organizations often struggle to implement sustainability measures. IT Industry and Software Engineering Information technology can be portrayed as a tool which is used to record, store, classify and process data into meaningful information. The information or the process data is then used for different application. Software Engineering is another major area of the IT industry. It is defined as the application of a quantifiable, disciplined and systematic approach towards the development, design and maintenance of a software package. In software engineering, sust ainability is a crucial factor. Although software engineering does not have any direct impact on the ecology due to its virtual nature, the procedure employed for creating it impacts the environment. The IT industry has been a major producer of wastages basically due to its shorter product life cycle. Therefore, depending upon this phenomenon IT companies throughout the world are trying their best to embrace sustainable growth. Sustainability in IT industry Although the large number of studies has been carried out about sustainability, the studies related to the impact and advantage of sustainability on the IT industry have been hardly done before. With buzzwords such as ‘Green computing’ and ‘Green IT’ the relationship between IT and sustainability got strengthened. The primary rationale behind adopting sustainability in IT is not only due to the rules of government, but companies are also becoming socially and environmentally responsible. Now to illustrat e the subject of the project in broader way, a particular company which practices sustainable development will be chosen. Once the company gets determined, the topic will be addressed in the context of the company. On reviewing various IT companies around the world the appropriate company for this project is IBM. Discussion & Analysis Principles of Sustainability Sustainability has always been a subject that has discussed along with corporate social responsibility. The principles of sustainability are highly dependent on the aspects of corporate social responsibility. In general, there are six sustainability principles which help a community to ensure social, environmental, and economic systems get well integrated. The principles of sustainability are as follows: 1. Maintain and try to improve the living standards of the residents. The quality of life one leads is highly dependent upon the community where the individual lives. Some of the vital components of a community include heal th care, education, housing, income, legal rights and employments. Hence it becomes the duty of the organization to look after the welfare of the society and preserve the environment where it is presently operating. 2. Try to enhance the economic vitality of the community. In order to achieve sustainability, it is imperative to have a viable local economy. Furthermore, the economy which is sustainable also remains diversified so that it does not get disturbed by any of the external or internal disasters. Therefore,