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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2/18/2013 EA332 Botchan Essay Botchan: A microcosm of the lessening importance of ancestry and social rank in the Meiji Restoration In the novel Botchan‚ author Natsume Sōseki tells the story of a young Tokyoite cast into the rural countryside of Japan to work as a mathematics teacher. This literary masterpiece has struck resounding cords in the heart of Japanese society since its publication in 1906‚ partially because of its humor as the narrator‚ Botchan‚ is the butt of pranks orchestrated by
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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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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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Which segment of its operations got Enron into difficulties? The fall of Eron has understandably generated significant interest in the professional literature as well as in the popular press. The activities and events underlying Enron’s collapse are manifold‚ but several stand out as particularly noteworthy. One is the use of special purpose entities (SPEs). Although SPEs often serve legitimate economic purposes and are still in use today‚ Enron used several of them to hide debt and to overstate
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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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TECHNOLOGY DEPARTMENT OF COMPUTER SCIENCE AND INFORMATION SYSTEMS NAME MANDINIKA MAX REG NUMBER R0432786 LEVEL 1:2 PROGRAMME MSc INFORMATION SYSTEMS MANAGEMENT MODULE MIM 710 –E-CORPORATE GOVERNANCE LECTURER MR T TSOKOTA ASSIGNMENT 1 Question: What lessons can Zimbabwe learn from Enron? Introduction Enron Corporation was one of the world ’s leading energy companies based
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military. A few would include their rank structure‚ capabilities‚ as well as the equipment. These characteristics could mean a number of things for the United States military and the people of the country. (U) The rank structure for the North Koreans are pretty similar to that of the US. It contains its lower members‚ like our privates‚ its NCO’s‚ as well as its officers. We can assume that the way their military operates would be the same based on the fact that their rank structure is very similar to
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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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