Ethics And Social Responsibility

Ryan. Kellytail fin /475 - Managerial Finance IProfessor James R . CorbettUniversity of PhoenixJanuary 29 , 2007Strict politics regulations argon necessary to make companies behave estimablelyCorporations convey with honest issues e realday and as a result of this there should non be a rent for government regulation unless because of world nature more or less people and groups of people need to be watched and audited . When companies perform daily operations there be a number of activities that take place such as traffic with customers , exchanging and recording currency , employee or future employee issues and decision overlord issues to name a few . The government imposes strict regulations on all business to protect all concerned parties and these regulations argon enforced on a regular basis . In for individuals or s maller companies to get fair interference exceptional corporations need to act ethically . This may not be possible without regulations on such things as finances , apprehension opportunity employment or on the job activitiesThe hacek of ethical and social responsibility regulations on businesses female genital organ be truly big in some cases . One very good example in novel years would be the Enron case . There were some natural elevation executives committing some very unethical as well as criminal activities . These activities were investigated and some of those responsible were punished . It was Lay who grabbed nub stage , give tongue to his awed peers how Enron Corp . was revising the rules of the energy business by applying new economy thought to an old economy industryNow it looks as though Lay and Enron weren t rewriting the rules , they were only when ignoring them . Enron was painted as a masteryful familiarity and some of that success was fictitious .

On Thursday , the company said it would reprise its financials going back to 1997 , trimming round 20 share of the profits because of losses that were kept hit the books (Pletz , 2001 ) The top Enron executives misinform the company gains and profits by billions . change surface though the penalisation may not have been exuberant to on the whole localization the crimes , they were still punished . The actions of these executives caused an undefiled company to go break away and a full-size percentage of its employees to loose jobs and their entire enthronization . Other situations could let in sexual harassment , unfair treatment of employees or distinction while in the process of hiring an individualI completely agree with the above thesis . In corporate the States there are many an(prenominal) people who believe they can get away with anything simply because they have money and advocator . These people need to be regulated with laws that protect whoever they deal withReferenceCorbett , J . Syllabus for FIN /475 - Managerial Finance I . Retrieved January 29 , 2007 , from BSBA5 .12-12 .BSAH00PDK5-FIN475 .Course-Materials NewsgroupKelly PAGE 3...If you compliments to get a honest essay, order it on our website: OrderCustomPaper.com

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