Analyzing Ethical Behavior

Topics: Ethics, Corporation, U.S. Securities and Exchange Commission Pages: 3 (920 words) Published: July 28, 2010
ANALYZING ETCHICAL BEHAVIOR PAPER

Analyzing Ethical Behavior Paper
Chad L. Million
Grand Canyon University
BUS-340 Ethical & Legal Issues in Bus.
Glen Germanowski
July 25, 2010

Analyzing Ethical Behavior Paper
When functioning in the corporate world, it is an essential to include moral ethics. Ethics is also particularly imperative when laboring with financial information. It is very hard to have faith in someone managing plenty of money. Corporations in the past have distorted their financial statements in regulation to look superior to stockholders, without thinking of the penalty that may be a consequence if they get caught. If a corporation does not encourage good quality ethical conduct within the business, it is difficult to confide in the financial statements.

Analyzing Ethical Behavior Paper
One of the planet’s largest and greatest -running Ponzi schemes was engineer by the 70-year-old Bernie Madoff. While Enron was also one of the world’s greatest substantial catastrophe, do partially because of its magnitude, as well as of its complication, moderately because the needs to guard the truthfulness of investment markets botched, and especially because of the enormous gluttony and involvement of key contributors.

I strongly believe that the state of affairs surrounding both the Bernie Madoff matter and Enron matter can very well command a more extensive analysis of Commission operations, Moreover, it is my observation that at the conclusion of these analytical efforts, there needs to be more than just the prospective classification of persons who may have engaged in unacceptable conduct or potentially unsuccessful to follow-up properly on grievances, but rather make an effort to present the Commission with tangible and precise recommendations to make certain that the SEC has adequate systems and resources to facilitate it to respond effectively and properly to complaints and detect fraud through its inspections and examinations....

References: Why Ethics Are Important in Business., Author Archive (2010) Retrieved from online source.
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