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Thursday, October 18, 2012

Business Ethics Management

Enron published its ethical values as a treatise on what the business known as a Statement of Human Rights. The company also published a formal Code of Ethics, which, in part, duplicated the Statement of Human Rights.

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The issue was how the leadership at Enron as well as other businesses paid no heed towards ethics codes in place.

Boards of directors started out creating their work once it was apparent that they had no other viable choice. The Congress (in response to public outrage) enacted laws that made particular demands, and threatened to enact much more laws that would place board members at financial risk for corporate ethical lapses. How lengthy the change in orientation will last is uncertain. Some influential corporate leaders and their paid hacks in the Congress already (in 2005) are complaining that complying of the new laws is as well costly.



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