Portfolio Project: The Legal Environment of Business “What specific changes‚ if any‚ would you recommend to a policy maker to increase the effectiveness of corporate governance in this post-Enron era? Due to corporate scandals‚ most notable the Enron scandal there appears to be a decline in the confidence of leadership in the American business. The first round of scandals saw Congress pass the Sarbanes-Oxley Act which “requires companies to set up confidential systems so that employees and others
Premium Corporate governance Business ethics Enron
role Internal Auditors (IA) plays in certain aspects of corporate governance. The report also aims to investigate what is considered as good corporate governance. “Corporate governance is the system by which companies are directed and controlled. It deals largely with the relationship between the constituent parts of a company - the directors‚ the board (and its sub-committees) and the shareholders” (Berr‚ 2008) Corporate governance is necessary because of the problems caused by the divorce
Premium Auditing Internal audit Corporate governance
Taking personal responsibility for economic and ethical performance of corporations - Business Ethics Articles - impact of corporate governance scandals on business ethics debate Failure in business ethics is a real threat to the future of every corporation. business ethics as an issue is a hundred times more powerful than the internet or globalisation and can destroy your business in a week. To make matters worse‚ standards of business ethics are changing rapidly in response to random events which
Premium Business ethics Management Corporate governance
..................................................................................3 Mission Statement.........................................................................................................................................3 Corporate governance ...................................................................................................................................3 Ethics and values.........................................................................................
Premium Corporate governance Board of directors Management
WorldCom was America ’s second largest telecom company in 2000 (The WorldCom Accounting Scandal‚ 2002). Making a modest beginning in the hinterland of Mississippi in 1983 with a meager capital of less than 100‚000 USD it reached the pinnacle of corporate success reporting more than USD 39 billion in revenue and USD 150 million in MCAP (The WorldCom Accounting Scandal‚ 2002). In the process it became 42nd in the Fortune 500 list. Under the leadership of CEO Bernie Ebbers it grew rapidly by means of
Premium Corporate governance Management Accounting scandals
3. Are the actions of people in the workplace a consequence of individual or organisational characteristics? What would promote ethical behavior at work? Organisations are defined as congregations of people who are in an interdependent and collaborative relationship to accomplish common goals or objectives (Mcshane‚ Olekalns & Travaglione 2010). From ancient to modern times‚ there has been an ongoing need for a guiding beacon on which these organisations can rely on to discern what is morally
Premium Ethics Corporate governance Business ethics
Internal audit’s role in effective corporate governance advisory Internal audit’s role in effective corporate governance Internal audit’s role in effective corporate governance Recent events have highlighted the critical role of boards of directors in promoting effective corporate governance. In particular‚ boards are being charged with ultimate responsibility for the effectiveness of their organisations’ internal control systems. The internal audit function plays a key
Premium Internal control Internal audit Auditing
between each of your IV and DV in the methodology section. But this should have finished in LR section. Why u make your writing redundant? * You better add many other board characteristics variables as IVs in your model. Besides add other internal governance mechanisms like CEO compensation‚ debt policy‚ management ownership etc as IVs…..In general read more literature and add many IVs to have real contribution beyond simple studies that use small number of IVs. * Don’t use the words I‚ my‚ we‚
Premium Corporate governance Board of directors
role of corporate governance is becoming higher than ever before. It is a significant challenge for business environment for the managerial boards who now must play a greater attentions to ensure the they achieve the highest standards of corporate governance. The reflections on course are divided into three parts in total. In the first part‚ I learned a briefly knowledge that what is corporate governance is all about‚ the basic role‚ major distinctions between different models of Corporate governance
Premium Corporate governance Management
choice. * Review any major-in class examples. Like Enron & Tyco proxy discussions… * Check e-campus for the 5 Exam 2 readings * One “big picture” question from each of the posted WSJ articles * Know definitions of the Corporate-level Strategies and all particulars therein * Restructuring * Downscoping * Downsizing * Joint venture * Strategic Alliance * Blue Ocean * Retrenchment * Divestiture * Liquidation
Premium Corporation Corporate governance Mergers and acquisitions