Coporate responsibility, Discuss how the fraud breaches

Coporate responsibility

Assignment Help Business Management

Reference no: EM133117619

Question 1: Directors Responsibilities and Fraud

In your research you would have uncovered fraud perpetrated by one of the directors in a company. Discuss how the fraud breaches director's responsibilities from a fiduciary, financial and discretionary point of view. Do you consider that other directors may have had responsibilities in this area? Were there any steps the other directors may have taken to stop or mitigate the damages caused by the fraud?

Question 2: The Board of Directors

Discuss in detail the composition of a typical board of directors and the skill sets that you would expect to find. With regard to the members of the board of directors of Enron and their skill sets, what specialized skills would you think is necessary? What special role do independent board directors play in a company? Do you think that the composition of the board could have been a factor in the fraud perpetuated in the company?

Question 3: Corporate Governance to prevent Fraud

Corporate governance considers the processes and procedures of the company. Consider how the CEO and the CFO managed to defraud Enron, making it the largest bankruptcy in the US at that time (2001). Describe how key management personnel managed to defraud the company. Critically evaluate the weaknesses that you suspect are in the company's governance. What processes would you suggest should be put in place to prevent a recurrence in this area? Using your research, comment on whether more government regulation on corporate governance could help in avoiding such situations. What recommendations do you have?

Question 4: Shareholder and Stakeholder Theories of Governance

In a changing business environment, with increasing emphasis on concepts of CSR and ESG, there are competing views in recent years about the distinction between shareholder and stakeholder theories of corporate governance. In your view, what are the key distinctions between the two views? How do concepts of CSR and ESG fit into the shareholder and stakeholder theories of good corporate governance? What do you think the Enron disaster means for the concepts of CSR and ESG, and for the stakeholder and shareholder models of governance?

Reference no: EM133117619

Questions Cloud

Requiring quality leadership intervention strategies : The health care industry faces tremendous challenges requiring quality leadership intervention strategies. What are the challenges health care leaders face?

Discuss the macro environment of country : Discuss the macro environment of the country. What are the political, cultural, environmental, and economic risks of doing business there?

Company policy for employee recycling of electronic products : You and several other managers are concerned about the physical environment becoming cluttered with discarded electronic products,

Create your purchasing strategy : From your experience and by conducting research online explain how and why you must work within your supply chain as you create your purchasing strategy.

Coporate responsibility : Discuss how the fraud breaches director's responsibilities from a fiduciary, financial and discretionary point of view.

Demand forecasting results in estimate of future demand : Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions.

Reduce the risk of product shortages in future : Continue to buy offshore? If so, will we do anything to help reduce the risk of product shortages in the future?

Organizational level strategy : How should firms select an organizational level strategy? Who is typically involved in the process?

Unique voice as scholar : The lead-out is where you conclude the paragraph and its corresponding argument. It also provides an opportunity to emphasize your unique voice as a scholar.

User Account

All Pages