StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Post Enron - - Research Proposal Example

Comments (0) Cite this document
Summary
Issues in corporate governance Name Tutor Institution Subject Code Executive summary This memorandum is directed to the Treasury Secretary and aims to highlight major corporate governance issues affecting American companies. It begins by giving background information about the topic and how previous legislations for instance, the Sarbanes-Oxley Act have not been able to fully tackle the issues of unethical conduct in private and public companies…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.5% of users find it useful
Post Enron -
Read Text Preview

Extract of sample "Post Enron -"

Download file to see previous pages This general understanding of corporate governance and ethics is not sector specific as companies are very unique from one another in terms of size and internal working culture. Poor corporate governance and enforcement hurdles are widely viewed as the structural weakness that resulted to the economic downturn experienced in the late 2008 (Sun, Stewart & Pollard, 2011). The banks that suffered credit crunch were well aware of impending problems but could not alert shareholders and the government about the impending tough economic times. Early detection necessitates adoption of proactive measures that help companies go through tough times. Introduction Corporate governance is the set of guidelines, legislations and processes that directs business operations in any given country. These laws define the relationships existing between top company management with its board of directors, stockholders, employees, suppliers and clients. There are other external publics which the company directly or indirectly interacts with in the course of its operations. These include the government, regulatory authorities and the neighbouring community. Corporate governance laws also determine the lines of congruence that the company has with the external business environment. These rules vary from place to place depending on the economic models countries adopt. For instance, some protectionist countries have laws limiting disclosure of local company information to limit economic spying. Despite existing legislations aimed at reducing corporate malpractices, there have been widespread allegations of bribery scandals pitting American multinationals with foreign governments. A New York Times article by David Barstow dated April 21st, 2012 gave alarming reports of Wal-Mart’s Mexican retail outlet involvement in corrupt practices with Mexican public officials. It is alleged that the company’s internal sleuths found that the executives had authorised payments, adding to around 25million dollars, to these recipients so that they can obtain construction permits without doing an environmental impact assessment (Barstow, 2012). This is a big corporate governance issue because of the ripple effects it has caused to both the Mexican and American governments. According to Barstow (2012), to add to the graft accusations, the management is accused of concealing this internal audit information from the top management; this is against the public information disclosure laws set under the American financial sector management guidelines. Wal-Mart has the obligation to make open its internal audit reports since it is a publicly trading company; this is the reason it’s share trading prices fell by over 5 percentage points the next day after the allegations were made public. The Mexican government is establishing the country’s first anti graft law which is meant to stem economic crimes. This is according to Ivan Castano, in his article dated April 27th, 2012, in response to these alarming allegations that has the potential of eroding the good gains made by the Mexican authorities in tackling economic crimes. The government has moved zealously to get to the bottom of the claims and punish the culprits to improve business environment that is just recovering from drug wars (Castano, 2012). Pedro Hernandez, a partner at ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Post Enron - Research Proposal Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved from https://studentshare.org/law/1398338-post-enron-
(Post Enron - Research Proposal Example | Topics and Well Written Essays - 2750 Words)
https://studentshare.org/law/1398338-post-enron-.
“Post Enron - Research Proposal Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/law/1398338-post-enron-.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Post Enron -

The Post Bureaucratic Organization

...The Post Bureaucratic Organization Introduction It is observed that whenever an organization is described, one always says it is either bureaucraticor non-bureaucratic. The concept of bureaucracy as a form of organization has become the basis for scholars and practitioners to determine and evaluate other forms of organizations. However, with all the changes that have challenged bureaucratic organizations, there was the advent of newer forms of organization, which have become more commonly and conveniently called the post-bureaucratic forms of organization. This paper will identify the characteristics of post-bureaucratic organizations and determine the challenges and pressures that managers face in a post-bureaucratic environment...
14 Pages (3500 words) Assignment

International Economic Growth: Japanese Post-War Economic Miracle

The state, which had lost during the war almost 40 % of its wealth, which has haven’t any raw material sources, was completely cut off the exterior raw market. It has been destroyed about 30 % of basic industry equipment. After numerous bombing, Nagasaki and Hiroshima have been almost purely ruinous. The capital of the country, Tokyo, has stayed in ruin. There has been demobilized about 9 million soldiers, moreover, 1.5 million people have entered the country as refugees. Inflation has reached 5000 %. There has been an overall shortage of goods and materials. There has been a great dearth. The value of the yen to the dollar has been constantly falling down that has evidenced that the financial system of the state has been co...
6 Pages (1500 words) Case Study

The Post-Washington Consensus

... Issues in Development Theory What is the theoretical underpinning of the Post-Washington Consensus? Has this paradigm shift changed the practice of the Bretton Woods institutions? Introduction In recent history, the capitalist world and the western world at large has been faced with several key issues like inflation, third world debt and currency crises that have often been associated with the policies resulting from the Washington Consensus. Although it seems far fetched, yet even the rise in terrorism and terrorist activity has been linked with the policies created from the understandings of the Washington Consensus. In effect, it is a vital item of debate which must be clearly understood by all those who wish to be a part... Issues in...
12 Pages (3000 words) Assignment

English Literature - the Post-War Fiction

And, one of the written forms through which the author will reflect all his/ her ‘events influenced thought process’, is the fiction. So, from early centuries, fictions have been a great medium to imprint one’s life as well as to see and read one’s life. And, Writers from the United Kingdom also wrote events influenced fictions as a variation to plays. And this paper will analyze the event of World Wars and its impact, as an aspect of modernism, and then demonstrate its use in the modernist writing, “The Happy Autumn Fields” written by the Irish born English author, Elizabeth Bowen.

Among an assortment of events of the 20th century, the two World Wars only impacted the people en masse...
12 Pages (3000 words) Term Paper

Post-Cold War: Democratic Peace and Environmental Conflict

The two blocs attempted to prove that their ideologies were better and some of the significant issues they attempted to present their ideas on were liberalism, globalization, ethnic conflict, and democratic peace.

The ideologies of the Western bloc were pro-liberalism as they believed in having a free market or mixed economy and giving due rights to individuals. In contrast, the Eastern bloc fought in favor of a planned economy with everything under the authority of central power. One bloc treated global peace as a result of democracy while the other bloc presented views to suggest that democratic peace is an unattainable concept. These debates and issues became even more heated with the worsening global political situa...
12 Pages (3000 words) Term Paper

Police and Society: Post 9/11

The paper then takes note of a number of initiatives that have attempted to combine local policing with intelligence work. This shift from crime-prevention to counter-terrorism has had a profound effect upon these local law enforcement divisions; lack of proper funding has also undermined these projects, leaving local officers with the ability to prevent terrorists, but either lacking in resources or risking becoming dependant upon intelligence divisions. The paper will then turn to a consideration of two local communities, Dearborn, Michigan, and Las Vegas, Nevada, that have been involved in these initiatives, and considers the impact of counter-terrorism policing upon the wider local law enforcement of the region.

By...
12 Pages (3000 words) Case Study

Where Land Was King - The Post Civil War South

...Where Land Was King: The Post Civil War South Mans relationship with the land has been told in literature since the days of Moses when he pleaded with the Pharaoh to free his people. In the Southern United States during the 19th century, land ownership became a social division between the elite landowners and the slaves and poor whites. For the antebellum South, cotton was king and land ownership provided the social capital necessary to acquire and maintain economic status. The Souths heavy reliance on agriculture, as opposed to industry, as a means to flourish economically during this period depended on the plantation system of landowners and slavery. African-Americans and poor whites living in the South were denied land and the economic...
6 Pages (1500 words) Essay

Post Traumatic Stress Disorder

...Diagnosis Paper: Post-Traumatic Stress Disorder Karyn Sherwood Abnormal Psychology L. Horrell April 3, Introduction and overview of disorder Post-traumatic stress disorder is one of the more severe anxiety disorders defined in psychology. PTSD can occur in people after they have been subjected to psychological trauma, which can be caused by means of any one event that may force a person to feel threatened, or involve death, sexual, physical or psychological virtues. The disorder takes place after the person has experienced the traumatic event. According to the American Psychiatric Association, the diagnostic criteria for PTSD consists of the exposure to a traumatic event; persistent re-experiencing of the event; persistent avoidance...
24 Pages (6000 words) Term Paper

US Post Cold War Interventionism Foreign Policy

...Running head: US post Cold War interventionism foreign policy Lecturer presentation Introduction The interventionism foreign policy that United States adopted in the post Cold War era has left the country and citizens more insecure than ever before. Since the Second World War ended in 1945, the United States military has engaged in five major conflicts in different parts of the globe, which have inflicted heavy economic damage on the country and loss of numerous lives of the combatants and civilian populations. The country has spent billions of dollars, which unfortunately has not translated into tangible sense of security for American interests within and outside the country’s borders. There is strong and credible argument...
6 Pages (1500 words) Coursework

Understanding Language on a Post-Structuralist Thinking

Besides, the identity of the author is a stable self having a single discernible intent is considered as fictional. However, post-structuralism refutes the notion that a literary text has a single purpose and meaning as well as singular existence. Nonetheless, each reader creates a new and individual meaning, purpose and existence of a given text. Besides the literary theory, this situation is usually generalizable to any particular situation that has the subject perceiving a sign3.
In the post-structuralist approach to the textual analysis, the reader usually replaces the author as the main subject of iniquity. This displacement is commonly known as destabilizing the author, even though it has a significant impact on the tex...
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Proposal on topic Post Enron - for FREE!

Contact Us