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A study of corporate governance and how it has evolved in the last 20 years. It includes an in-depth definition of corporate governance including examples of how it can be used in several white-collar cases. It also discusses the role of the board of directors and shareholders and the recent changes in their relationship. A discussion about ethics and their place in corporate governance today especially since the Enron scandal.
From the Paper:"Corporate governance (or the lack thereof) has risen to the forefront of the public eye over the past 20 years in numerous high-profile, white-collar cases. Examples of such cases include the Lincoln Savings and Loan failure that involved Charles Keating and conspiracy, fraud, and racketeering; illegal stock manipulation and insider charges relating to Ivan Boesky; and Michael Milkin and fraud and racketeering charges. The most current scandals involving corporate fraud are exemplified by Arthur Andersen Inc. (shredding of crucial documents related to Enron), Enron (bankruptcy filed surrounding allegations of fraud and misrepresentation by corporate insiders), First Alliance Mortgage (defrauding consumers by illegally charging them exorbitant fees), and Waste Management Inc. (insider trading allegations). One reason why corporate governance has attracted such public interest is due to its apparent importance for the economic health of corporations and society in general."
Cite this Essay:
Corporate Governance (2003, February 08) Retrieved June 22, 2021, from https://www.academon.com/essay/corporate-governance-6538/
"Corporate Governance" 08 February 2003. Web. 22 June. 2021. <https://www.academon.com/essay/corporate-governance-6538/>