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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The collapse of Enron is perhaps one of this century’s biggest and memorable scandals of this century so far. Created in 1985 through the merger of two natural gas companies‚ the Houston-based company was considered one of the most successful and powerful companies throughout the 90s. In 2001‚ Enron’s world came crashing down as the company was forced to reveal that it had defrauded people out of millions of dollars. Those hurt mostly by the collapse of Enron were the workers‚ whose loyalty and hard
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Enron‚ what caused the ethical collapse? Q1. What led to the eventual collapse of Enron under Lay and Skilling? A1. There are many reasons‚ which led to the collapse of Enron. With the senior leadership of the company not holding/staying true to the company’s code of ethics‚ not enforcing many laws (which led to the company violating those laws). Therefore‚ the inability of the senior leadership to ensure that there are not only written practices as to how business should be done‚ but actually
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Women’s suffrage was a difficult topic in the late 1800’s early 1900’s because women wanted to have a voice in their community while men thought that women were weak and should be silenced. Woman fought for their rights‚ impacting everyone globally and showing men that they had a strong opinion and wouldn’t be silenced even if the consequences meant getting arrested or being deported. Many people were against women’s suffrage because they believed that women should be the ones who should stay at
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boom‚ came a need for a bigger and better work force. Problems such as inhumane working conditions‚ long hours‚ child labor‚ and low wages‚ were due for a long awaited change. In 1887 the Interstate Commerce Act was passed‚ with the goal to regulate railroads and prevent any monopolies. This was followed by the Sherman Antitrust Act of 1890‚ workers compensation in 1902‚ and the formation of the National Child Labor Committee showcasing the horrors of child labor in 1904. Keating-Owen Act of 1916‚ Bunting
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¨Until blacks and whites see each other as brother and sister‚ we will not have parity. It´s very clear.¨ (Maya Angelou). The Scottsboro trials took place 1931-1937 because nine black teenagers that were on a train from Chattanooga to Memphis seeking work‚ had been accused of rape by two white women that were also on the train that day. In the PBS video that we watched in class about the Scottsboro Trials there was much racism against blacks used during their trials that made an impact on history. In
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The Hippie Movement was the most well known and influential movement of the 60’s.The countercultural movement originated as a youth movement in college campuses around the US‚ eventually spreading into the UK and Canada. Not only was it a political movement‚ it was also a lifestyle. The Hippies had an array of concerns but the main tenet was about being happy. Most rejected large institutions‚ the middle class‚ and conformed society. Their attitudes toward life contained little thought or concern
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RUNNING HEAD: THE 1950’s AND 1960’s 1 The 1950’s and 1960’s Tracy Ladner Mississippi University for Women History 110 RUNNING HEAD: THE 1950’s AND 1960’s 2 The 1950’s and ‘60’s was a time of great growth and change for America. Some called it “The Golden Age” (Brinkley‚ 2012‚ p.779). For the most part there was prosperity and advances
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attribute? This has been occurring for so long‚ how do we know that not everyone is racist? Being racist can come through both mentally and physically agonizing ways. Physically other citizens can harass you or put you in potential danger‚ but you can eventually heal from these experiences If someone
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which was an organisation with an aim of spreading communism throughout the world. Communism really was a threat to Australians in the 1950s‚ the events of the Korean War‚ different alliances being formed‚ the banning of the Communist party of Australia (CPA) and the Petrov affair all tell us that communism could spread to Australia. Australia responded to the threat of communism by joining the Korean war in 1950‚ Australia joined the Korean war to prevent fighting communism in Australia‚ so they
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