such a scenario‚ it becomes all the more imperative to prevent violations itself from becoming norms‚ to protect public interest from huge corporate scandals. In an attempt to safeguard the corporations and the economy on the whole‚ a robust whistleblower policy as part of the corporate governance strategy is a very valuable tool. It empowers employees to act on incidences of misconduct and help maintain a safe workplace‚ while protecting profits and reputation.
Premium
7/22/13 WorldCom Search » Ethics Home Page About the Center Focus Areas Bioethics Business Ethics Campus Ethics Character Education Government Ethics Internet Ethics More... Publications Ethics Articles Ethics Cases Ethical Decision Making Videos Ethics Blogs Podcasts E-letter/Subscribe Contact Us Site Index WorldCom1 By Dennis Moberg (Santa Clara University) and Edward Romar (University of MassachusettsBoston) An update for this case is available. 2002 saw an unprecedented number of
Premium Stock Stock market
[1] What business was WorldCom in? WorldCom was in the business of telecommunications. Where was WorldCom located? WorldCom was located in Clinton‚ Mississippi. Who was the CEO? The CEO was Bernie Ebbers. Who was the CFO? The CFO was Scott Sullivan. What are the names of the two members of the internal audit staff who worked with Cynthia on their secret investigation? Gene Morse and Glyn Smith What made the internal auditors think that possibly there was a need to investigate WorldCom’s
Premium Auditing Financial audit Internal audit
Case Studies: 4.1 & 5.2 Labor/Management Relations June 15‚ 2013 The labor and management sides both have a great deal of power regarding workplace rules and conditions. The management side has the power to choose the labor relations strategy that it thinks will best suit its needs. The strategies chosen are determined by several things like “managerial philosophy‚ [or] the ethics of its management” (Holley et al‚ 2008‚ pg 119). It seems as though today most large organizations prefer
Premium Employment Trade union
Corporate Governance WorldCom Scam Introduction MCI WorldCom was one of the largest telecommunications companies in the world. Bernie Ebbers founded WorldCom in 1983‚ after that WorldCom began as a re-seller of long-distance telephone services. WorldCom is located at Mississippi. After Ebbers bought around 50 other small long-distance firms‚ he set his sight on MCI. Thus MCI WorldCom would have become the second biggest telecom service provider in 1997. MCI WorldCom was formed on September-15-1998
Premium
Whistleblowers: Consequences of doing the right thing By Jose Gonzalez Dr. Aaron Bazzoli Park University MG 260 29 September 2013 Outline Purpose Statement: To provide an understanding what constitutes whistleblowing in an organization‚ what are some of the laws that protect whistleblowers‚ and provide several examples of employees blowing the whistle and their consequences? I. What constitutes a whistleblowing in an organization? A. Origin and Definition B. Internal
Premium Law Employment Occupational safety and health
| Whistleblowers and their protection | | | 1.0 Introduction Fraud is one of the risks will disruption business and its profitability. Fraud is based on trickery and deceit that it is particularly difficult to detect it. The most common means of detection fraud is whistleblowing. In certain countries‚ the term whistleblower is often associated with being a traitor or spy or even a snitch‚ and whistleblowers will be discriminatory or retaliation. Thus‚ establish an effectively
Premium Fraud
Whistleblower Policy HR-PO718‚ | 1.1 Sharda Centre‚ Off Karve Road‚ Erandwane‚ Pune‚ Maharashtra‚ India 411004 www.techmahindra.com Copyright © 2013‚ Tech Mahindra. All rights reserved. WHISTLEBLOWER POLICY Company-Confidential Table of Contents 1. OBJECTIVE .................................................................................................................................. 3 2. SCOPE .........................................................................................
Premium Board of directors Tech Mahindra Business ethics
3) Roots of the scandal The roots of the fraud and the role of internal auditors As explained above‚ the fraud was implemented by the former CEO Bernard Ebbers and commited by his financial director Scott D. Sullivan. The technique used by Worldcom was pretty simple; indeed‚ he cooked the books by saving pure operating expenses such as maintenance network in capital expenditure instead of expenses in order to hide its decreasing earnings and to maintain the price of Worldcom’s stock. In summary
Premium Audit Auditing Accounting scandals
Examining a Business Failure: WorldCom WorldCom was one of several large companies that failed because of inadequate organizational leadership‚ fraud‚ conspiracy‚ falsifying documents‚ and embezzlement. WorldCom has been classified as being “one of the biggest corporate scandals in Unites States history” (Zekany‚ 2004‚ p. 101). In 2001‚ the company’s financial condition began to decline due to the slowing telecommunications industry‚ which eventually put pressure on the company’s executive
Premium Management Leadership Corporate governance