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Essay / Research Paper Abstract
This 6 page paper considers to what extent big corporations conform to ethics in business. The paper explores this by examining the ethical behaviour of the failed US company Enron and then comparing this with Royal Dutch Shell. The bibliography cites 19 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEshllen.rtf
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Unformatted sample text from the term paper:
that the only way ethics should be seen in business is as a result of legal necessity or where it will add value commercially (Chryssides and Kaler, 1999). There
are many cases that indicate commercial interests may be contradictory to ethical consideration (Dobson, 1999).. Some of the largest offenders are interested as being the large corporations, where board members
are paid high salaries and far removed from the stakeholders that will suffer. The energy companies are often interpreted as some of the worst offenders, their business is harmful the
environment, and their size often means they have power overt those with whom they interact. Enron and Shell are two very different companies but both have been criticised for poor
ethics. However, the criticism is not always justified, indeed, the aspects of unethical behaviour may also be hidden. By comparing Enron and Shell two very different approaches may be identified.
The collapse of Enron is well known. Put down to accounting mistakes and errors in judgment as well as the greed of the company to increase profits it is often
forgotten that the collapse of a company such as this hurts not hundreds, but thousands. Not only are shareholders left with little those who were relying on the company for
pensions, directly or indirectly, those who worked for them, and those who worked for contracted that could not service with the unpaid bills resulting from the collapse (Heller, 2002). The
contracts for developing countries have also hurt many people. Therefore, when the judgments were made regarding the accounting practises it can be argued these were not only accounting and commercial
decision, but also ethical. The ethics of Enron can be seen as questionable, even where many of the practices they undertook abided by the letter, if not the spirit
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