The Enron and World Com Scandals Enron 1. The board directors failed their fiduciary obligation to protect their shareholders‚ employees‚ and business partners by allowing high risk accounting‚ inappropriate conflict of interest‚ expenses undisclosed off the books activity‚ excessive compensation‚ and lack of independence between the company‚ and board members. I feel the segment that got Enron into trouble was the Executive and finance committee (Brooks). 3. I do believe that they
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Ethical Behavior Analysis of Bernie Madoff & Enron Ethics‚ ethical values‚ and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals‚ obtaining employees who possess personal ethical values‚ and finally to behave ethically and with sensitivity toward social‚ cultural‚ economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should
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1. The collapse of Enron has cast revealing light not just on the corruption of business leaders‚ auditors and politicians but on the appearance of deregulated capitalism as it has emerged from the stock-market bubble. It has highlighted‚ too‚ the vulnerability of the broad layers whose pensions are tied up in the savings routine so ingrained in the economy. This failure has affected not only Enron’s employees but tens of millions of holders of 401(k) and defined-benefit retirement schemes. Enron’s
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Structural Determinants One of the most significant structural determinants of health in my community is socioeconomic status. Socioeconomic status includes income‚ education‚ and occupation‚ which collectively influence an individual’s access to resources such as healthcare‚ nutritious food‚ and safe housing. According to Solar and Irwin (2010)‚ socioeconomic stratification creates disparities in power and access to resources‚ leading to health inequities. Public policy could address this by providing
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Enron Case study in OL1150 Unit 4 Accounting methods have changed over the last couple decades. Numerous Fortune 500 companies were concealing debt in an accounting method known as mark-to-market (Ferrell‚ O. C.‚ Hirt‚ G. A.‚ & Ferrell‚ L. 2005). Enron was one of several companies that was hiding their debt‚ while reporting annual earnings of $111 billion. Many Fortune 500 companies went under fire in the early 2000’s for their misleading accounting methods‚ leading investors to believe the company
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Enron Running head: The fall of Enron: The lack of organizational behavior The fall of Enron: The lack of organizational behavior The fall of Enron: The lack of organizational behavior Enron‚ once king of the castle‚ was dethroned in 2001 in a series of fraudulent activities led by the CEO John Skilling. Years prior‚ Enron emerged as one of the worlds leading companies in electricity and expanded into many other sectors
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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Structural and Developmental Assessment of the G Family Caring for the family from a holistic point of view is at the very heart of nursing. The family unit is one of the most important foundational institutions in society. While it may seem inconsequential to some‚ the family unit provides identity‚ stability‚ and support. Family dynamics and crises can affect an individual greatly‚ both physically and emotionally. Thus‚ it is important for nurses to always include the family when assessing
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IMF STRUCTURAL ADJUSTMENT PROGRAMS IN AFRICA INTRODUCTION Beginning in 1980‚ the International monetary Fund (IMF) started to impose Structural Adjustment Programs (SAP) on African debtor nations. SAP’s have been imposed on 36 African Sub-Saharan countries under the assumption that neo-liberal reforms lead to economic growth and an increased standard of living. For that reason‚ focus was put on macroeconomic policies with the open market based approach. SAP’s generally mandated: -the removal
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1. Economic Growth‚ Technology and Structural Change Economic Development: Growth is associated with structural‚ social change and change in the important institutions of the economy. These institutions evolve within the development process. Institutions are the result of past historical and social developments. Since different countries have different pasts‚ institutions will vary. “Development is about improving the quality of people’s lives‚ expanding their ability to shape their own
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