Analyzing Ethical Behavior Essay
Analyzing Ethical Behavior Paper
Chad L. Million
Grand Canyon University
BUS-340 Ethical & Legal Issues in Bus.
July 25, 2010
Analyzing Ethical Behavior Paper When functioning in the corporate world, it is an essential to include moral ethics. Ethics is also particularly imperative when laboring with financial information. It is very hard to have faith in someone managing plenty of money. Corporations in the past have distorted their financial statements in regulation to look superior to stockholders, without thinking of the penalty that may be a consequence if they get caught. If a corporation does not encourage good quality ethical conduct within the business, it is …show more content…
Bernie Madoff and Enron the company entity likely did not implement palpable major offenses. Enron and Bernie Madoff misled foreigners and misused its financial state of affairs. Under United State law, misleading misrepresentation is not necessarily a crime. Fraud is a crime, though, but criminal intention to defraud is very complex to confirm. Both Bernie Madoff and Enron was found guilty of the crime committing, obstruction of justice, for having destroyed potential proof by destroying documents, knowing that such documents could be used in an investigation by the SEC. Precise individuals associated with Bernie Madoff and Enron have been charged with critical crimes, and some Bernie Madoff and Enron officials plead guilty to crimes, including conspiracy to mislead through unfair financial reports.
I believe that Bernie Madoff and Enron had social and ethics responsibility toward their stakeholders do to the fact a conclusion that is not merely sensible for the company but also ethical, they have to bear in mind the ethics of each option, not from individual but