Enron Corporation Business Law Enron Corporation Describe how Enron could have been structured differently to avoid such activities. Enron could have been aware of the agents are doing to avoid all the scandals that were going on in its company. Enron should have never used its stock value as collateral to obtain loans from its partnership. The partners in the corporation should have known that these techniques were unethical as well as illegal. As stated by Gilman, Hamed, Navran & Brown (2010), the ten things a company can do to avoid being the next Enron includes: Examine your ethical climate and put safeguards in place - Corporations are composed of cultures.
Although libertarians do not advocate the abolition of the state they insist that the state restricts individual’s freedom and therefore its functions should be minimalized. Another Liberationist argument is that free market economics should be used as the state should not interfere with economic or social affairs. Furthermore Libertarians believe that, on every issue, you have the right to decide for yourself what's best for you and to act on that belief so long as you respect the right of other people to do the same and deal with them peacefully and honestly. Robert Nozick, an American Philosopher argued that the state should not provide welfare or taxation as he believed it is fundamentally a form of slavery. His view was that the state forcing taxpayers to give up a proportion of their income, which are effectively the state forcing taxpayers to work for the state without pay.
It is only under this circumstance that the U.S. should not take any action at all in a genocide. It is best that the country solve its own problems than enter another country to solve theirs. In any case, if the United States does not take any action in a genocide due to the fact that they are going to an economic breakdown, then international organizations would have to take full responsibility. So, there would still be some response to the genocide, but not as much as
It is derived from misunderstanding and miscommunication. Latin Americans should not have to accept assimilation into American society, nor should Americans try to force it upon them. To solve the disagreements and weed out discrimination, the two cultures must become interdependent (Beebe, Beebe, & Redmond, 2011, p. 217) and learn to not only exist harmoniously, but to depend upon each other. While many of the prejudices that once existed towards Latin Americans have been eradicated from our society, there remains the conflict of racism and of hesitation to allow citizenship to those who would come here searching for their own “American dream.” As it was stated earlier, the United States declared their own independence under the precedence that all of mankind was inclined to the same unalienable rights of life, liberty, and the pursuit of happiness. For those of us who belong to the American culture, it is our responsibility to uphold this belief and make room for those who seek the same opportunities as
It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.” (Thoreau, pg. 1) Thoreau believed that we should disobey the law by ourselves if our conscience is telling us that the law is being immoral. He also feels that this disobedience should be done in private with immediate action; there is no need to make a big scene about it. His aim was not to personally
On the other side Ethical Relativism is an approach to social responsibility in which a country adopts the moral code of its host country (Deresky, p. 51). With this approach companies sometimes run into value conflicts, as the host country, for example China, violates the human right laws. Considering those three approaches one can say that McDonald applied the ethnocentric approach. The company obviously tried to manage the case in an American way taking the Beijing City Government to court although this was strongly against Chinese values. They did not consider that China is a communist country, where the state is superior to every kind of criticism.
Thesis Statement In case of companies outsourcing to nations without labor laws and union laws, it is quite possible that there is exploitation of workers and practices like child labor prevail. Under such circumstances it is considered unethical to outsource and so the US government should restrict companies from outsourcing to countries where labor laws and union laws are not stringent. Genre and 2 reasons for using it The kind of research planned to be conducted is a descriptive and exploratory research. The main reasons for this are that it is a concept where ethics are involved and hence it is subjective. Moreover there are no fixed norms in case of a theoretical research and hence literature review can be used for the purpose of exploration.
Discuss how Greater Providence Deposit & Trust might improve its control procedures over the disbursement of loan funds to minimize the risk of this type of fraud. In order for any organization to avoid any type of fraud would be to have good internal controls in place. Good internal control requires that no single employee be given too much responsibility over business transactions or processes (Romney & Steinbert 2010). An employee should never be given the opportunity to be in a position to commit and conceal fraud. In the case of Greater Providence Deposit & Trust the organization did not have proper internal controls in place.
However, the opposing side was strongly worried that the United States government was going to have a loss of power. The opposing side had a goal to make the debate drug out as long as possible, by having long speeches about how the Bill angered them. Barry Goldwater stated that he believed that the United States government should not get involved in the employment area because there is “no constitutional basis for the exercise of federal regulatory.” Also stated in this selection Senator Sam Ervin says that it would ruin the relationships with the state and the federal government. Last but not least Senator John Stennis pointed out mainly that citizens should be able to their own businesses or property as that wished upon. (Source 6) Filibusters was another main event that took part in of the passing of the bill.
He cites the existence of unjust laws and declares that we as citizens should not be obligated to follow them. The basis for this argument is that the government is run by a majority with the most power, not the most valid perspective. This is the reason why Thoreau advises citizens to follow what they believe to be right and not embrace what the government says. Thoreau states that is not a man’s duty to pledge to eradicate all wrongs from his country but that it is one’s duty to “wash his hands” of it and to not support the wrong in anyway (page 183 para13). He continues to tell a story of how he used this method to protest the Mexican American War which was being waged at the time the essay was written.