International Oil and Gas Management MODULE: Code CP 52060 Name: Leadership and Decision Making TITLE OF THE RESEARCH PAPER: 12 Angry Men and Enron Analysis. ABSTRACT: This research paper briefly analysis the movie clips of 12 Angry Men‚ an American drama film and Enron Corporation an American energy and Commodity Company. Implementing the theories of leadership and decision making a brief conclusion is derived. Major theories analysed are selective
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behind corporate governance 1. Agency problem 2. Stewardship theory 3. Resource dependency theory 4. Stakeholder theory 5. Political theory 6. Transaction cost economics 7. Ethical theory C. Principles of corporate governance D. SOX Act‚ E. Enron Scandal‚ Conclusion I. Introduction: The concept of corporate governance in legal and economic terms is equivalent to “the defense of shareholders”. Corporate governance is the response to typical agency problems between investors and managers
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CASE STUDY. my personal point of view.. 3. IF ALL PUBLICLY TRADED FIRMS ARE OPERATING WITHIN THE SAME BASIC CORPORATE GOVERNANCE SYSTEM AS "ENRON"‚ WHY WOULD SOME PEOPLE BELIEVE THIS WAS AN ISOLATED INCIDENT‚ AND NOT AN EXAMPLE OF MANY FAILURES TO COME? The answer to this question lies within the minds of the Enron Managers rather than with the business environment. Most likely‚ these managers are well-educated and may have come from rich families. If this is so‚ then the logical thing
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scenario where a series of unethical accounting practices resulted in the firm’s decline and the role they played in the accounting fraud at Enron. The way in which these corrupt practices took place is an obvious indication of the culture of the organization and the moral standings of employees‚ close relationships which affected both the company and clients such as Enron. Understanding business ethics in these cases we used ethical decision making frameworks such as the Triple Font Theory‚ Double Effect
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Bibliography: House‚ R.‚ Watt‚ A. & Williams‚ J. (2004) ‘Teaching Enron: The Rhetoric and Ethics of Whistle blowing’. IEEE Transactions on Professional Communication‚ v47 (4):244-255. Janis‚ I. L. (1972) ‘Victims of Groupthink: A Psychological Study of Foreign Policy Decisions and Fiascos’. Houghton Mifflin Company. U
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and it dawned on me after a week of thought and brainstorming that my uncle who was a Software Engineer at Enron had gotten laid off. He never likes to talk about it‚ but knowing that he had lost half of what he had earned in his entire life‚ was gone in an instant‚ motivated me to choose Sarbanes Oxley Act as my policy paper. I was unable to speak to my uncle about his previous job at Enron‚ but keeping in mind how he has become successful again in his life motivated even more. Dr. Jasso had mentioned
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to the securities law‚ and for other purposes. (Lander‚ 2004) The Act created new standards for public companies and accounting firms to abide by. After multiple business failures due to fraudulent activities and embezzlement at companies such as Enron Sarbanes and Oxley recognized a need for the revamping of our financial systems laws‚ rules and regulations. Thus‚ the Sarbanes-Oxley Act was born. II. Background/Purpose The Sarbanes Oxley Act was signed into law on July 30‚ 2002 by then President
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Sarbanes-Oxley‚ or SOX‚ is a federal law that is the most comprehensive reform of business practices since Franklin D. Roosevelt was President of the U.S. who passed the New Deal” (Peavler‚ 2014). “The Enron scandal proved the need to new compliance standards for public accounting and auditing. Enron was one of biggest and financially sound companies in U.S. But its malpractice resulted as a catalyst for the Sarbanes-Oxley legislation. In order to cut down on the incidence of corporate fraud‚ Senator
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the strain theory and rational choice theory. Secondly I will examine the regulation of police corporate crime and explain how it fails. Thirdly I will analyze the beneficial relationship between corporate crime and politics. Lastly‚ I will use the Enron Scandal to show the harm that corporate crime causes and also to show the limited response it received from the police. If we are able to understand the causes of corporate crime and the flaws in regulations‚ then we will be able to implement policies
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Weekly Memo #1: Should external/internal auditors be responsible for detecting client fraud? In 2001 Enron‚ the seventh largest energy company in 2001‚ filed for bankruptcy. The event named “Enron Scandal” is considered to be the most shocking incident in American economic history. Bring the country to the edge of disaster‚ the scandal was basically caused by securities fraud which Enron was charge with. The irrationality of accounting and auditing system encouraged U.S. legislative to respond
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