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. Take a good close look at your culture.
Dont just print, post, and pray - Codes of conduct need to be... View More »