REPORT RE: RECENT ACCOUNTING AND CORPORATE GOVERNANCE SCANDALS Contents INTRODUCTION: 3 CORPORATE GOVERNANCE 5 CORPORATE GOVERNANCE IN IRELAND 5 RESPONSE FROM REGULATORS TO THE MOST RECENT SCANDALS IN BANKING SECTOR 7 US CORPORATE GOVERNANCE at a time of Tyco scandal 8 RESPONSE FROM THE REGULATORS -SARBANES-OXLEY ACT 2002 9 AUDIT 10 EXTERNAL AUDIT 10 INTERNAL AUDIT 11 INTRODUCTION TO ANGLO IRISH BANK 12 The Scandals 12 Loans to Sean Fitzpatrick 13 Irish Life and Permanent
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Downfalls of Distracted Driving No matter the age a person may be‚ his/her actions affect others; especially when they’re operating a vehicle capable of injuring or taking one’s life. Distracted driving poses great risks to the driver’s life and others on the road as it increases the probability of a tragic accident. Numerous lives are being lost each day due to distracted driving and not abiding by the laws. In today’s society‚ ignored warnings increase the possibility of death; influenced by both
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1.1 Introduction Corporate governance has been the subject of numerous theoretical and empirical studies especially after the fraudulent reporting scandals such as Enron‚ World.com‚ Adelphia‚ and Parmalat.it has come to mean many things. Traditionally and at fundamental level the concept refers to corporate decision making and control‚ particularly the structure of the board and its working procedures‚ Hermes (1994). Jenifer (2002) defines corporate governance as a set of interlocking riles by which
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To what extent was Charles X responsible for his own downfall? When Charles X stood down to Louis-Philippe‚ after his monarchy‚ many said that this was his own doing and he was fully responsible for his own downfall. However this was not entirely true‚ Louis unorthodox methods may have contributed to his downfall in the long term however short term causes are just as important and appointment of ministers such as Villele was a crucial fault in Charles’s system. One could say that the polarisation
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Gun Control: The Downfall of America It is to be believed that America’s public safety is being threatened by guns. There have been numerous events leading up to this accusation. Today‚ there is a rising debate whether gun control should be legalized or forbidden. There stand two sides of this dispute‚ one is for bearing arms and the other is against it. One could infer that one side remains superior over the other. In America majority vote rules‚ therefore the gun control laws remain not into effect
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J Bus Ethics (2012) 106:229–241 DOI 10.1007/s10551-011-0992-9 The Effects of Corporate Ethical Values and Personal Moral Philosophies on Ethical Intentions in Selling Situations: Evidence from Turkish‚ Thai‚ and American Businesspeople Janet Marta • Anusorn Singhapakdi • Dong-Jin Lee • Sebnem Burnaz • Y. Ilker Topcu M. G. Serap Atakan • Tugrul Ozkaracalar • Received: 19 December 2010 / Accepted: 3 August 2011 / Published online: 21 August 2011 Ó Springer Science+Business Media B.V. 2011
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Article 2 * Corporate Reputation – the most important company asset? * The current widespread public backlash against business and its perceived unethical practices has left industry leaders scrambling to protect and nurture their corporate reputations. While the concept of business having to earn its’ social – as well as its legal- licence to operate‚ is now well-entrenched with the major business leaders around the world‚ many now find themselves having to incorporate the two sources
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Oedipus is doomed to kill his father and marry his mother. Oedipus has many characteristics that affect the decisions that eventually bring him to his doom. Oedipus’ downfall was caused by his own actions and he is the only one that can be blamed for his own misfortunes. Some of the traits Oedipus possesses that cause his downfall are swift action‚ truthfulness‚ and impatience. These qualities destroy Oedipus throughout his life. Oedipus’ swift action certainly brings him to his tragic doom. Oedipus’
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Literature Review Corporate Identity What is corporate identity? The task of defining corporate identity is challenging. Different views and definitions were introduced to the concept. The first time the “corporate identity” term was used was in 1957 by Lippincott and Margulies (Cornelissen & Elving‚ 2003). It was constrained by the visual representation of the organization by which means it identify itself. The understanding of the concept has expanded later to include all the characteristics
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Corporate Social Responsibility: What Went Wrong at GlaxoSmithKline? When London-based GlaxoSmithKline (GSK) paid a $750 million dollar settlement as part of a plea agreement that required it’s Cidra‚ Puerto Rico subsidiary SB Pharmco to plead guilty for knowingly selling contaminated medicine‚ it laid to rest any doubts that its business practices were in direct conflict with its commitment to both quality and to creating a strong ethical culture. There are‚ nevertheless‚ important issues
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