1. GSK has featured its robust ethics and compliance program‚ even a “3rd Party Code of Conduct” for suppliers. What went wrong? What are the main external and internal factors that encouraged the GSK bribery scandal in China? Which‚ in your opinion‚ are more important? Explain your position. The External and Internal Factors of GSK Bribery Scandal In China Although‚ China has been undertaking major reforms on health care since 1978‚ more than 30 years later‚ this country still doesn’t have a universal
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A. The Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors
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BOOK REVIEW Novel : The Shadow Lines AUTHOR : Amitav Ghosh Awards : winner of the Sahitya Akademi Award (1989). Bibliography : The Shadow Lines(novel)‚ Wikipedia(Internet). Main Characters : Mayadebi‚ Tridib‚ Ila‚ May‚ Narrator‚ Nick‚ grandmother. POLITICAL SCENERIO : The novel is set against the backdrop of historical events: 1.Swadeshi movement 2.Second World War 3.Partition of Country 4.Communal riots of 1963-64 in Dhaka and Calcutta CHARACTERS ANALYSIS : The characters in this
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Comprehensive Case 1.1 Enron 1. There were several parties responsible for the "crisis of confidence" created by the Enron debacle. Enron’s executives were responsible for their behavior in trying to adjust their financial statements. Andersen’s auditors were responsible for not doing their jobs with integrity and not keeping their independence in from Enron. Regulatory groups were responsible for making
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Table of Contents Title Page 1. Introduction 2 2. History 3 a. Formation 3 b. Operations 3 c. The Success 4 d. All that glitters is not gold 4 e. The Fraud 4 3. Products 5 4. Enron Scandal – The Company Fraud 8 f. What Happed? 8 5. Techniques used in the Company Fraud 9 g. Revenue Recognition 9 h. Mark-to-market accounting 9
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The Enron scandal A brief on Enron’s history Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In the early 1990s‚ he helped to initiate the selling of electricity at market prices‚ The resulting markets made it possible for traders such as Enron to sell energy at higher prices‚ thereby significantly increasing its revenue. As Enron became the largest seller of natural gas in North America by 1992‚ Enron pursued a diversification strategy
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1. What problems did Enron encountered? Many went sour in the early months of 2001 as Enron’s stock price and debt rating imploded because of loss of investor and creditor trust Methods the company used to disclose (or creatively obscure) it’s complicated financial dealings were erroneous and‚ in the view of some‚ downright deceptive The company’s lack of transparency in reporting its financial affairs‚ followed by financial restatements disclosing billions of dollars of omitted liabilities and
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Case 3-1 The Parable of the Sadhu The case examines the individual versus corporate ethic. Ethical Issues: How does the individual stay true to her values within a corporate ethic? How can one make changes for the better within an organization? Questions Consider corporate values and ethics as discussed in Chapter 3 and the ethical reasoning methods discussed in Chapters 1 and 2 in answering the following questions: 1. Bowen H. McCoy’s friend Stephen is quoted as saying‚ “I feel that
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ENRON Introduction Enron was the country’s largest trader and marketer for electric and natural gas energy. Its core business was buying energy at a negotiated price and later‚ selling the energy when prices increased. As an energy broker‚ Enron provided a service by allowing producers to negotiate a certain price while Enron took the risk that prices would fall below what it bought energy. Buyers of energy also benefited because Enron could ensure the supply of energy. In 2000 Enron was listed
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Aaron Blakey Professor Phillip O ’Meally Survey of Software Systems 26 July 2015 Week 3 Questions Assignment 1. Describe the difference between transactional and analytical information‚ and determine which of these types Spotlight used to identify its 10 tribes. The difference between transactional and analytical information is that transactional is a current transaction‚ whereas analytical looks at long term trends. In order to identify people as one of ten‚ Spotlight uses analytical information
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