INTRODUCTION Bank of America‚ one of the top financial institutions in the United States of America and Wikileaks‚ described by many as the probably the biggest whistleblower in recent history are in for a colossal battle. Bank of America is on the defensive end as to whether one of its executives lost a hard drive containing information that if and when released could cause the bank to crumble to the ground. On the other hand‚ Wikileaks allegedly has this hard drive in its possession and has
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set of moral principles or value" or "a theory or system of moral values." Ethics assists individuals in deciding when an act is moral or immoral‚ right or wrong. Ethics can be grounded in natural law‚ religious tenets‚ parental and family influence‚ educational experiences‚ life experiences‚ and cultural and societal expectations. Ethics in business‚ or business ethics as it is often called‚ is the application of the discipline‚ principles‚ and theories of ethics to the organizational context.
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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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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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Individual Reflection Paper: Worst Team in History: Enron Sasha R. Chin Proofer Denise Greene Professor Haga February 24th‚ 2011 Introduction Teams are used to serve a variety of functions for organizations. According to Levi (2007)‚ teams are comprised of people working together on a common project for which they all are accountable. They are usually part of a larger organization and the members of the team have specific knowledge‚ skills‚ and abilities about the task at hand
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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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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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Rolbin Flores Assignment 4 Since 2001‚ same sex marriages have been big issues in the US and other countries like (Argentina‚ Canada‚ Iceland‚ the Netherlands‚ Belgium‚ Sweden‚ Portugal‚ Mexico City‚ Spain‚ South Africa‚ and some regions within the United States). It is always a debate in the US based on the fact if we don’t allow same sex marriage‚ it affect our right constitutional demand of equality established by our founding fathers. Same sex couples been trying to get married
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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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positive outcome‚ but it can be flawed at times as well. The Utilitarian theory states “ The greatest happiness for the greatest number of people”. Some say this approach is flawed due to it lacking reason and consequence‚ I believe this depends on specific circumstances. Abortion is a big issue now a days and I feel that the utilitarian theory would be a reasonable outlook on this particular situation. To apply the Utilitarian theory to abortion‚ first we must relinquish right and wrong and the
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