Must Be Original Work Only: Need Intro And Conclusion No Mor
Must Be Original Workonly Need Andintro And Conclusionno More
Must Be Original Workonly Need Andintro And Conclusionno More
MUST BE ORIGINAL WORK!!! Only NEED and INTRO and CONCLUSION .....NO MORE THAN 125 WORDS EACH !!! IN APA FORMAT Read the Ethics case, "A Sad Tale: The Demise of Arthur Anderson" located in the WileyPLUS Week Fundamentals of Corporate Finance Chapter readings. Discuss the mistakes made by Arthur Anderson and potential actions that leadership could have taken to prevent the organizational failure.
Paper For Above instruction
The Arthur Anderson scandal exemplifies significant ethical lapses and managerial failures that led to the firm's collapse. The primary mistake was the deliberate destruction of documents related to Enron’s financial misconduct, reflecting a blatant disregard for ethical standards and legal obligations (Sims & Brinkmann, 2003). Leadership failed to uphold integrity and foster an ethical culture, prioritizing profits over ethical considerations. Preventative measures could have included rigorous internal audits, an ethical compliance program, and a strong tone at the top promoting transparency and accountability. Additionally, independent oversight and whistleblower protections could have helped identify and address unethical behavior early. By fostering an ethical corporate culture and reinforcing accountability, Arthur Anderson might have mitigated the risks of organizational failure stemming from unethical practices.
References
Sims, R. R., & Brinkmann, J. (2003). Enron ethics (or: Culture Matters More than Codes). Journal of Business Ethics, 45(3), 243-256.
Hazard, G. C. (2003). The fall of Arthur Anderson and the ethics of corporate governance. Harvard Business Review.
McCann, L. (2002). Ethical realities in corporate culture. Journal of Business Ethics, 41(4), 349-363.
Lanis, R., & Richardson, G. (2012). Corporate social responsibility and ethics: Insights into the collapse of Enron. Business Ethics Quarterly, 22(3), 531-550.
Werhane, P. H., & Ketcham, R. (2007). The ethics of corporate wrongdoing. Business Ethics: A European Review, 16(2), 122-135.