Enron, Board Governance and Moral Failings

Enron, board governance and moral failings Gerald Zandstra Gerald Zandstra is Director of Programs at the Acton ground for the Study of Religion and Liberty, Michigan, USA. Keywords Directors, Ethics, Responsibility, Corporate governance Abstract The mischance of the Enron Corporation has brought attention to the billets played by the point decision maker officer and other executives of the modern corporation. Its calamity has also produced raillery of further regulations that will, it is hoped, prevent another collapse similar to that of Enron. This hold argues that the central reason for Enrons crash was not a lack of regulations or the deceptions of executives but rather a failure of the board of directors of Enron to function in a morally and ethically responsible manner. Introduction he stock of publicly held companies rises and fall on the leadership of its executives and its board of directors. chairwoman Bush late developed a plan to address key issues bear on in corporate responsibility. His plan, however, fails to take into account one of the close important weaknesses in the corporate governance: the board of directors. in the long run the public and especially the shareholders have to intrust that the board charged with company oversight will act in the surmount interest of the company.

The board is the recipient of the public and shareholder trust and, in addition to portraying confidence to investors, it is responsible to get out that wise decisions are made and that the law is being followed. What role did the board of directors play in the collapse of Enron and how will President Bushs solutions address the situation? T focused on information. It insists that investors have quarterly access to information that will countenance them to gain a firm sense of the corporations financial situation as well as immediate access to critical information. The second broad principle pertains to chief executive officers (CEOs) and other executives and their... If you want to get a climb essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper