DIRECTOR’S RESPONSIBILITIES Is Legislation in Malaysia sufficient post Enron & Worldcomm? Abstract Directors being pillars of corporate governance (Cowan‚ 2004) should at all times act honestly and use reasonable diligence in the discharge of their duties. This is more so in light of recent major corporate issues like ENRON & Worldcomm in the United States and the Transmile case in Malaysia. In essence directors are agents of the company and as agents‚ they owe a duty of trust to the company
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Bernie Sanders: Make America Great Again Bernie Sanders started off his career as the mayor of Burlington‚ Vermont. Mr. Sanders served four terms of acting mayor. Adding to his government occupation list‚ Bernie distinguished himself as one of the country’s few independent legislators. Bernie Sanders‚ one of America’s recent presidential candidates‚ is simply the best option for the occupation of the United States 2016 President based on the fact that he has experience in government‚ and he has great
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During the 2016 election‚ Bernie Sanders was a name that was constantly said along with his platform. His slogan “free education‚” interested the hearts of millions of college students. Even though he was not elected President‚ many people still support and love him. They support him so much‚ that they believe Bernie Sanders should start his own political party. In the article‚ Should Bernie Sanders start his own political party?‚ Bernie supporters‚ also known as ‘Berniecrats‚’ state their concern
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Individual Reflection Paper: Worst Team in History: Enron Sasha R. Chin Proofer Denise Greene Professor Haga February 24th‚ 2011 Introduction Teams are used to serve a variety of functions for organizations. According to Levi (2007)‚ teams are comprised of people working together on a common project for which they all are accountable. They are usually part of a larger organization and the members of the team have specific knowledge‚ skills‚ and abilities about the task at hand
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The Enron Scandal and Analysis Business Law I- LEG100 *Describe how Enron could have been structured differently to avoid such activities. Enron lacked what every company‚ big or small‚ must have in place to survive and continue in the long-term. Internal controls and procedures is a company’s shield against theft‚ waste‚ and inefficiency. If Enron had structured their business around the five components of internal control the company may still be alive today. Those five components are:
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How could the ENRON scandal been avoided? The Enron scandal could have been avoided had they had an organizational culture of honesty‚ integrity and ethics 1. There should have been stronger management and better ethical oversight. Even employees should have had a sense of the expected ethical values and try to maintain a strong sense of organizational culture. 2. There should have been measures in place to oversee the activities of accounting firms (Arthur Andersen)‚ as they acted as both Enron’s
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Question 1 Answer saved Marked out of 4.00 Flag question Question text Who were the two authors of the book who also appeared in the film ENRON The Smartest Guys in the Room? Select one: a. McLean and McCarthy b. McLean and Elkind c. McCarthy and Elkind d. Shapiro and Mc Lean Question 2 Answer saved Marked out of 4.00 Flag question Question text ENRON executives pushed up their stock prices and then cashed in their multi-million dollar options in a process called Select one: a. mark to market
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Special Purpose Entity Enron had high levels of debt. To attract new investors‚ Enron needed to find a way to hide those debts. Andrew Fastow‚ CFO of Enron‚ turned to Special Purpose Entity (SPE). Several legal entities such as LJM and raptors were created and the poorly performing stocks were transferred to these entities. Then‚ the SPE were used to borrow large sum of money from investors with Enron’s overpriced stock as collateral. These SPEs were not reported on the financial statements. In
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some research on the Internet about what has happened with Enron. Now apply the three questions used to test the merits of a winning strategy (text p13) to Enron. Describe the strategic management failure in Enron that led it into its demise? Enron was formed in 1986 from the merger of natural gas pipeline companies Houston Natural Gas and Internorth. At the time of filing for Chapter 11 Bankruptcy protection in December 2001‚ Enron had a portfolio of diversified activities ranging from the transportation
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Bernie Sanders’ article “Make College Free for All” published in the Washington Post illustrates the desideratum for free college and higher education for all American students. Sanders accurately acknowledges the necessity of free education in order for the nation to prosper and the excessively high costs that college requires that make it difficult to achieve; however‚ Sanders explicitly discounts the unexplained logic about the finance that will make the probability of a free education possible
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