Not Specified Essay Example | Topics and Well Written Essays - 2000 words

Not Specified - Essay Example as in the case of the European Union), on the basis of conventions like the English Common Law, and on theocratic basis (as in the case of Islamic nations). This essay examines the legal issues vis-Ã  -vis management of engineering organisations in an advanced democratic country like the UK. It is appropriate, at this stage, to put forth the argument concerning the topic. Legal issues may be irksome for effective management of engineering organisations but there is no gain saying the fact that the legal rules provide a definitive and helpful background for professional management. The existence of a body of established law helps in smooth running of an organisation and conducting of its business in a predictable manner. Irksome laws and legal rules are certainly there, if viewed from the narrow perspective of a few organisations or a few managers but in the final analysis, one realises that laws evolve with the collective wisdom of the society and hence are to be accepted in the larger context. For example, the safety, health and environmental laws or corporate governance laws may appear to be intrusive, irksome and expensive to implement. But it is proved time and again that in the ultimate analysis, compliance is more economical than paying the price of damages or clean up costs. The prime examples of the Bhopal Gas Tragedy (Pratima, 1998) of the Union Carbide or the Exxon Valdez oil spill in Bligh Reef near Alaska (Thinkquest) testify to this harsh reality. Engineering organisations are formed to provide goods and services in exchange for a consideration, usually payment of money. This simple definition points out the stakeholders involved in the process of setting up and running of engineering organisations. They can be identified at the broad level as the employees, customers, vendors, investors / financial institutions, and the statutory authorities. All engineering organisations are legal entities, separate from the promoters or owners. To this extent,