What is corporate governance? Can we just avoid fraud by just a change in human nature?
98360
Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many players involved (the stakeholders) and the goals for which the corporation is governed. The principal players are the shareholders, management and the board of directors. Other stakeholders include employees, suppliers, customers, banks and other lenders, regulators, the environment and the community at large.\n\nCorporate governance is a multi-faceted subject. An important part of corporate governance deals with accountability, fiduciary duty and mechanisms of auditing and control. In this sense, corporate governance players should comply with codes to the overall good of all constituents. Another important focus is economic efficiency, both within the corporation (such as the best practice guidelines) as well as externally (national institutional frameworks). In this "economic view", the corporate governance system should be designed in such a way as to optimize results. Some argue that the firm should act not only in the interest of shareholders, but also of all the other stakeholders.\n\nRecently there has been considerable interest in the corporate governance practices of modern corporations, particularly since the high-profile collapses of firms such as Enron Corporation.\n\nAfter Enron - the US brought Sarbenes Oxley Act which reduced the loopholes allowing companies to flout corporate governance.\n\nTHE key think is not to have a vast phalanax of regulations to hamstring people to follow corp governance. So yes, human nature needs to evolve such that greed is extinguished so as to be tempered by what is right. Also corp govn regulations need to make fraud a heavy cost to dissuade people from getting into fraud...\n\nImportant sources for corporate govn guidelines: cadbury report.
174840
If there was a paper trail, then the people could see when there was fraud.  That might put the companies out of business.
957405
The corporate mentality is that anything is ok that reaps a profit. There is no morality at the upper levels of corporate existance. Those in the upper levels expect their subordinates to conform to the corporate ethic to the exclusion of all else. So, yes. The corporate mind in MOST corporations is contributing to the downfall of morality worldwide.
45706
Being good or ethical business people doesn't have anything to do with being or qualifying to be a non-profit entity.  They can be just as bad or worse than a for profit entity.\n\nIf you don't like it, get on the credit union board and change it.  In any business, for profit or non profit, the management and board will not change until they need to.  In your case, they don't seem compelled to do so.  If they are breaking the law, report them.  If they are taking the credit union memebers for a ride, start attending the membership meetings and asking questions.
599909
There is graft and corruption in all countries.  That's human nature.\n\nThe question is, what can we do to minimize it?
274074
Accounting ethics is to direct accountants to abide by a code of conduct that facilitates, if not encourages, public confidence in their job. Hence, accounting fraud (mispricing or mis-stating financial items in business balance sheets or other accounting books) is an example of what 'accounting ethics' try to avoid.
787921
Corporateland will paint a beautiful picture hand wrapped on the necessities of what they do for you...but there's a phrase you don't hear anymore...it's called Captain of Industry...it's not spoken because it doesn't exist anymore...no one is take charge..."human resources" used to be called "the personel department"...human beings aren't a simple resource like fuel...there is no importance in this...except to line ones pocket in my opinion...
1102138
They passed the Sarbanes - Oxley Act of 2002. (Also called SOX) It requires a lot more paperwork & indepthness. It's purpose is to protect shareholders and increased accuracy on financial statements. The problem that still remains is "crooked" accountants that help these corporations cover up thier illegal activities.
659964
ethics is the most difficult. simply because it does not exist! you learn it but very few people or corporations that use them. there are such rare companies like TAHITIAN NONI INTERNATIONAL.
197598
It's hard to tell what you are asking, but I think you are talking about 'Conspiracy'. Some laws protect things other than human safety, such as property. For instance, fraud or theft doesn't hurt anyone specifically, but it hurts the economy, both on an individual and largescale level. For someone to get punished for conspiracy is to teach them for the future. If you get punished for conspiracy, than hopefully in the future you would think twice about your options beyond crime, and find a legal way to get what you want. If this doesn't answer your question, repost and reword your question.
77900
The same thing that should be done about corporate corruption !   How about the company execs that 'missappropriate" the pension funds?  They should all be punished severely and it is upsetting. Unfortunately  folks in a position of power/money DO get away with things that the rest of us don't.
1029218
Professional advice about how a company can save money is only going to be successful if all levels of management are encouraged to share responsible strategies.\nSteven Berger said most managers want more accountability.
959772
business ethics is an OXYMORON today. The 11th Commandment is what rules business.\n\n" If you do it, don't get caught "
550388
no, although ethics is taught in every business curriculum, there are people that will still (when the opportunity presents itself) ensure corporate scandals. \n\nI think a better way would be to have an outside company audit companies more frequently.
494968
If our leaders are elected by the people, and corporations form to fill needs of consumers, which is sort of the same as the people, then we live in the world of our choosing. Sleeping in the bed we've made is tougher than making it, though...can you handle the truth about how selfish and belligerent and stupid people can be...there is no perfect world, and this one is a challenge sometimes. But, if you do right, save a little money, and avoid being an ignorant jackass, maybe try and help others here and there, you'll get further in life, I think...one thing to keep in mind when you read the news is that people do some stupid stuff out there for money. Most countries use money, and most countries have people that do stupid stuff in exchange for money. Be smart about what YOU do, and support/vote for candidates that show the same character. If that doesn't work, there's always recall elections...or move to tanzania...
1106789
sounds new to me. but people are changing the way they operate business. maybe u should consult a your manager about this sitaution
1084802
Ethics are not, by definition, unethical.  However, I suspect you mean something specific, such as a rule that the company you work for calls "ethics" which you question.  Try to tell us about it.