CORPORATE GOVERNANCE - ROLE OF BOARD OF DIRECTORS People often question whether corporate boards matter because their day-today impact is difficult to observe. But‚ when things go wrong‚ they can become the center of attention. Certainly this was true of the Enron‚ Worldcom‚ and Parmalat scandals. The directors of Enron and Worldcom‚ in particular‚ were held liable for the fraud that occurred: Enron directors had to pay $168 million to investor plaintiffs‚ of which $13 million was out of pocket
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Unethical Practices and Behavior in Accounting The Sarbanes-Oxley Act of 2002 (SOX) was created to prevent fraudulent financial activities‚ and to provide investors with more accurate financial resources on corporations. Under SOX‚ companies are held accountable if they fail to maintain the requirements that were set forth in the act. The act requires companies to maintain satisfactory internal control measures‚ provide responsible financial reports‚ disclose periodic reports‚ and establish rules
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291 Effect of Unethical Behavior in Accounting When describing accounting‚ it can be defined‚ as a type of method used to provide information with regards to the financial position of a company or an organization. The information provided to investors is imperative because it provides the investor with valuable information that can lead to their determination as to whether they should decide to invest or not to invest in a specific organization. Consequently‚ because of unethical practices and
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Ethical versus Unethical Behavior Carlos Mercado University of Phoenix MGT 344 November 17‚ 2007 Ethical versus Unethical Behavior Companies establish ethics policies as a way to identify expectations of workers and to offer guidance on handling common ethical problems that might arise in the course of doing business. For an organization to determine whether a behavior is ethical or unethical‚ the terms must be defined. The term ethical behavior refers to how an organization
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According to board structure‚ the difference of corporate governance among different countries is may be unitary or dual board on the country. In the UK and the USA‚ a unitary board of directors in the form of board structure‚ characterized by one single board comprising executive and non-executive directors. (Aguilera‚ 2003) It is responsible for all aspects of the activities of the corporation. A dual board of directors is including a supervisory board and executive board of management. Nevertheless
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The Role of a Board of Directors By Jean Kelsey At first glance‚ one might think that the role of a Board of Directors (“Board”) would be based upon a standard set of criteria that would ultimately make the formation and function of a Board more straightforward. As I researched into the special role a Board would have within a non-profit‚ I discovered that the role is also determined by the functionality of that same Board. Functionality of a non-profit’s Board is clearly dependent upon several
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Money‚ Attitude‚ and Unethical Behavior Business Research Methods December 11‚ 2013 Introduction Many believe that the success of a business is determined by they amount of money they generate on an annual basis. Because of this widespread belief‚ we often see a lack of morals‚ values‚ and ethics incorporated into the business. Many businesses feel as if there is no room for ethics in the business world and that the relationships built should focus solely on the generation
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Unethical Behavior Unethical Behavior in the Work Place Caron XXXXXXXX MGM365-0804A-12 Phase 3 individual Project November 10‚ 2008 Unethical Behavior in the Work Place Business ethics is a vital element to the growth and success of any business. To be ethical means to have a system of moral principles. Ethics alone is a branch of philosophy dealing with values relating to human conduct‚ with respect to the rightness
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Unethical Behavior Article Analysis Carlyn J. Medley January 23‚ 2012 ACC/291 Kevin Waters Unethical Behavior Article Analysis Before the Sarbanes-Oxley (SOX) Act of 2002 organizations were trusted to do the right thing and be ethical when posting information within their ledgers and journal. Unfortunately‚ some organizations were anything but ethical and moral. This realization became all too real when it was discovered the Enron and Arthur Andersen were participating in immoral and unethical
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Turnitin gave a grade of 4% similarity. | Unethical Behavior of Police Brutality | Ethical Behavior In Criminal Justice | | Yasmen Sarter | 11/18/2012 | This paper is to the best of my ability. | From the perspective of law‚ excessive physical force most clearly constitutes police brutality‚ a term often applied loosely to various forms of police misconduct (Holmes‚ 2000). Over the years‚ police brutality continues to be an issue of concern all across the world and the need for
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