2022/06/20 by Lindy Cuiwan Lim
#corporate scandal. #global governance #market accountability
paper · doi:10.5526/esj122
With the emergence of capitalism, companies increasingly appreciated the necessity of external funding for continued growth and expansion. A number of high profile corporate collapses, betraying investor’s trust on published reports, arose in the 1980s. The effects of these collapses were felt throughout the world, mortifying the global community. With adaptable decision making, and improved accountability to markets, potential investors are more willing to invest in companies. This paper aims to examine the theoretical principles and limitations of the code of ethics that arose from the largest scandal in corporate America, Enron. The contrast between Enron’s moral mantra and the behaviour of some of their executives is discussed.