Managing Human Resources Essay Example | Topics and Well Written Essays - 500 words - 4

Managing Human Resources - Essay Example The most ideal course of action the Chief Human Resource Officer should take is to advice the company to delay and adjust to an elective contribution solely when the committee that oversees the 401k plan and the company as a whole does not contain material nonpublic details (Boudreau, & Ramstad, 2007). In addition, it is not apparent how tasks are distributed between the executive committee of the company and the committee that oversees the 401k plan. Therefore, the most suitable route of action that the chief human resource officer could take would be to forward the concern to both the executive committee of the company and the committee that oversees the 401k plan, to have them cooperatively reach an agreement on how to address the issue. Would doing something about it constitute insider trading? If the Chief Human Resource Officer does something about the situation, it will comprise insider trading. Insider trading refers to the act of selling and buying shares in the stocks of the company by the board of directors, management of the company, or by a holder of over 10% of the shares of the company. Company managers are permitted to trade the stocks of their company on condition that they reveal their pursuit before ten days to the end of the month within the duration the dealings take place. Nevertheless, it is unlawful for company insiders to trade on the basis of their knowledge of material company developments which have not been publicly proclaimed.