EU Food Supplement Directive Essay Example | Topics and Well Written Essays - 3000 words

EU Food Supplement Directive - Essay Example The directive which took effect in 2005 was also meant to ensure free movement of these products across national borders since there would be harmonised standards of all the supplements. The directive (2002/46/EC) therefore gives important definition on the limits and ingredient for supplements. (Jungbeck, 2004, p. 1) Among the 25 nations which makes up the EU, the EU has put in place directive regarding Dietary supplements which actually reclassifies vitamin supplements as medical drugs and allows for low dosage level in the usage while at the same time it outlaws many other supplements ingredients which are currently unavailable. The EU has therefore created a positive list which mandates some of the dietary supplements which are supposed to be sold in the region. Among the victims of this list has been vitamin E which is widely used by the population. Although this has been turned to legal battle between the health companies and the EU court ruling from the EU courts has given a go ahead in the implementation of the directive. This has been upheld in the sense that it is meant to protect the pupation from the adverse effects of these supplements. The alliance for Natural Health has been one of the umbrella bodies which have taken various measures which are meant to reverse the effect of the directive. It has been calling for the EU to overturn the directive and allow the sale of the supplements to continue. But in 2005 the EU court in Luxemburg gave a ruling which confirmed that the directives were put in place to stay and protect the health of the EU residents. It has therefore been argued that the EU has given the positive list of ingredient which should be used in the supplements and therefore by banning the use of some ingredients, the EU is acting in the interest of the public health. A dietary supplement which is common known as food supplement in the market is a aimed at supplying the important nutrients to the body like vitamins, mineral fatty acids, amino acids and others. Therefore it is usually intended to supplement the supply of nutrient form food especially for the import nutrients which are not supplied in adequate amount in the body. But scientific research has proved that some of the mineral supplement which are used are actual harmful to the body and this has been the main argument of the EU. It has been calling for the continued sale of supplements which are beneficial to the body and banning of those which are not beneficial to the body. The EU directive has shown that there has to prove that the supplements are safe to use both in their quality and their quantity. This is based on the fact that some of the vitamin supplements are very essential when supplied in small amounts but they can be very harmful when the they are supplied in large amount to the body notably among this being vitamin A which is widely supplemented. Therefore the EU directive asserts that it is only those supplements which are deemed safe for the body that are supposed to be sold. The EU has also established that food supplement must not be labelled with drug claims which are contrary to the health concept but which have been widely practiced in many countries in the

Sprite (Marketing strategy, budgets, and controls) Essay

Sprite (Marketing strategy, budgets, and controls) - Essay Example In the recent past, government agencies and health professional have been awareness on some potential health problems such as obesity among the consumers. Being a food product, sprite faces many challenges, as obesity is now a big health issue (Turner, 2000). Commitment is important for the Sprite to ensure that its broad product include another option of beverage whose health value deal with the obesity and problem. This is possible by including an option that is lemon flavored, but does not include a lot of sugar. Sprite is committed to adhering to the set policies in schools and marketplace. They aim at meeting customer need through provision of product’s varieties such Sprite Zero and other varieties that meet every consumer needs. Furthermore, sprite in corporation with different government agencies, consumers, and schools to bring a solution based on underlying science. Water quality and quantity is also another challenge facing Sprite marketing strategies. Water quantity and quality are increasingly demanding a lot of attention and collaboration with other non-alcoholic beverages produces, governmental agencies, and communities. Water is a key Sprite’s ingredient among the beverages produce and due to climatic changes; it has become a scarce resource. In order to curb the problem, the company is partnering with communities and government organization in introducing initiative for water preservation, water treatment, and recycling (Turner, 2000). Globalization is also introducing new challenges to sprite products. Globalization is making human lifestyle and market places dynamic. The consumers’ needs is increasing becoming complex. For this reason, Sprite product is forced to concentrate in the evolving consumer’s product and consumers are looking for more and more ideal choices. There is now a number shift in

Social Responsibility in Business Research Paper

Social Responsibility in Business - Research Paper Example Generally, a company that takes corporate social responsibility is profitable, and the overall benefits of doing it overweight that of the disadvantages. The key notion in corporate social responsibility is being responsible when it comes to the society a company operates within. Nowadays, human civilization faces multidimensional problems that are impossible to ignore by communities and governments. There is a growing concern in the society of a great number of burning issues that are global in scope. Environmental problems, such as climate change and air pollution, and social issues, such as poverty and soaring level of unemployment, have become persistent trends all over the world. That is why customers tend to pay more to the companies that share these concerns and display a forward-thinking mindset. Today more and more companies are engaging in corporate social responsibility by creating or participating in initiatives that are good to the society and benefit communities (Aramian, 2009). The awareness of social and environmental problems is constantly growing among the people. Both national and local governments all over the globe tend to defer to public demands and push through stricter environmental and social standards, which is another reason why engaging in corporate social responsibility has become increasingly beneficial for companies. The policy of companies that implies consistent and effective self-regulation ensuring compliance with ethical standards and requirements of law is advantageous in many ways. But one of the main reasons for implementation of self-discipline practices and use of corporate social responsibility strategy is that it might help companies avoid unnecessary government intervention in business. For instance, the issue of environmental pollution is a brilliant illustration for this thesis. In order to avoid government intervention, an

Accounting Ethics and Impact on Business Performance Term Paper

Accounting Ethics and Impact on Business Performance - Term Paper Example This paper seeks to explain the relevance and need to embrace these ethical practices and their impact on the general business performance. Accounting ethics are moral values that govern the profession of accounting. They can also be described as judgments that apply in course of undertaking accounting tasks (Saleemi, 2002). These ethics have become accepted globally by government agencies and companies and help instill some degree of discipline both at organization level as well as employee level. Embracing these ethics cannot be ignored at this time of global economic crisis caused by malicious employees who collude with others and form cartels that have ripped off organizations and government resources leading to complete collapse or closure of once profit-making companies and organizations. Driven by the need to earn profits, an organization should also strive to ensure that shareholders’ interests are met. These interests vary among individual shareholders and as such acc ounting ethics in an organization are paramount in meeting these. It is with regard of its importance in controlling and monitoring the accounting profession that this paper concurs with adherence to accounting ethics. Accounting Ethics Lead to Better Management and Profitability There are shareholders whose interest is in the capital gains from the company. Pandey (2003) states that if the motive behind investing in a company is driven on capital gains, then the shareholders are likely to have a keen interest in the dividend policy of the organization. Accounting ethics in this case would strive to ensure proper reporting of the accounting statement. Alternately, there are another group of stakeholders or investors who are mostly concerned with a company’s management style and hence would demand that accountants have the necessary skills to help them undertake their task in the most professional way. All government bodies and companies have set ethical measures for the pract ice of this profession. These include competence, confidentiality, integrity, objectivity, timeliness, full disclosure, materiality and many others which are to look in the discussion. At the height of growing concerns of whether or not ethics play a role in companies’ management, the duty to ensure that all works well rests with the management. Everything progresses or fails due to the management and as such it is paramount to ensure that all ethical practices begin with them (Carbone, 2012). Business is not all about making profits but also how the company is perceived in the general business environment (Belkaoui, 1992). Most of the organizations are driven by the desire to retain their clients. This begins right from the way such clients are handled and their needs met. There are cases of companies that have embarked on this journey of adherence to accounting ethics and as such have reaped a lot of benefits over the years. Some of these are Safaricom Ltd, Sammer Group of Companies, Equity Bank, Kenolkobil, British American Tobacco, Oldmutual Investment Services, Kestrel Investment Services, and British American Insurance (Garrison, 2009). Safaricom has been applauded for observing high standards of integrity in customer relations. This extends from the way they respond to client complaints to the preparation of their accounting statements (Ferugson, 2007). The company has been the most profitable company in Eastern Africa for the past seven years maintaining the lead even in economic recessions as experienced since 2011(Kieso, 2009). Their