Business Law
Enron Corporation
Describe how Enron could have been structured differently to obviate such activities.
Enron could have been aware of the agents are doing to avoid on the whole the scandals that were going on in its company. Enron should have never use its stock value as collateral to obtain loans from its partnership. The partners in the corporation should have known that these techniques were unethical as hearty as illegal. As stated by Gilman, Hamed, Navran & Brown (2010), the hug drug things a company can do to avoid macrocosm the next Enron includes:
Examine your ethical climate and put safeguards in place - Corporations are composed of cultures. Take a right-hand(a) close look at your culture.
Dont middling print, post, and pray - Codes of conduct need to be actual reenforcement documents encouraged and valued at the highest levels.
plant a gamey ethics infrastructure that is self-sustaining. Writing a code of conduct, sustenance it at top levels and communicating it to employees is just a start.
in public commit to being an ethical organization - Corporations that are unmortgaged about their ethical standards and conduct seem to be more(prenominal) trustworthy than those who stay silent.
Separate auditing from debateing functions - Allowing Arthur Andersen to both audit and consult with Enron created at least an appearance of a conflict of interest.
chew up with employees at all levels often Failure to communicate causes uttermost more pain than smashing your thumb with a hammer.
Build ethical conduct into corporate systems - Define your position as an ethical business. Provide employees and customers with a written pledge.
Establish an ethical motive Committee to constantly keep the organization focused on the seven main provisions of the Federal Sentencing Guidelines of 1991 in judgement - The Federal Sentencing Guidelines that became effective on November 1, 1991 require that (2) Specific individuals inwardly high level personnel of the organization have been assigned...If you destiny to get a full essay, order it on our website: Ordercustompaper.com
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