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Essay / Research Paper Abstract
A 12 page paper discussing ways that globalization has contributed to increased attention to corporate governance and corporate social responsibility. There are indications that attention to longevity is changing in today’s business environment. Further, organizations also are more attuned to corporate responsibility. The purpose here is to examine and assess some of the changes. Bibliography lists 10 sources.
Page Count:
12 pages (~225 words per page)
File: CC6_KScorpGovResp.rtf
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Unformatted sample text from the term paper:
Bank of New York hosted a conference in December 2000 centered on corporate governance. Then-SEC chairman Arthur Levitt was the conferences keynote speaker, and his primary topic was that
of enhancing the quality of financial reporting. He states in his conference address, "No market has divine right to investors capital." The
Enron story is still unfolding and we do not yet know the extent of the damage of the companys collapse, but former investors already are suing for a litany of
reasons using a variety of synonyms for the dreaded "f" word, meaning fraud. With the future of Arthur Andersen in doubt, the WorldCom, Xerox and Martha Stewart scandals came
to be public knowledge in an uncomfortably short period of time. All of these companies had been focused on short-term results. In
the boom years of the 1990s, investors were quick to drop the stocks of those companies not showing impressive quarterly results, preferring to place their investment capital with those organizations
that could provide double-digit growth. Companies in other parts of the world seem not to be quite so quick to act on the
basis of short-term results, but rather to build for the long term. Germanys Bavarian Motor Works (BMW) and Japans Mitsubishi provide distinct counterpoints to the system that has developed
in the United States. There are indications, however, that such attention to longevity is changing in todays business environment. Further, organizations also are more attuned to corporate responsibility.
The purpose here is to examine and assess some of the changes. Investor Relations It is unconscionable that the US ranks so
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