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Essay / Research Paper Abstract
A 25 page paper discussing corporate governance and small and medium sized enterprises (SME) in Singapore. The paper reviews a corporate governance conference held in 2000 and examines events at Enron and Rite Aid. The paper focuses on transparency and the need for accurate accounting. It concludes that a higher level of corporate governance can be valuable, regardless of the size of the company or the nation in which it is located. Bibliography lists 20 sources.
Page Count:
25 pages (~225 words per page)
File: CC6_KScorpGovSing.rtf
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Unformatted sample text from the term paper:
scandal left hundreds without retirement funds, and many of those already were approaching retirement age. At this late stage in their working lives, they have little time remaining in
which to rebuild any savings for themselves and their families. Paragon of corporate responsibility Xerox has reported that it has been engaging in sloppy reporting that auditors failed to
recognize. Recently, news reports reveal that Worldcoms vanished billions now number seven. Even Martha Stewart, diva of entertaining and the gracious life, has watched her companys stock value
dip to less than half its value only a few months ago, as the friend whose companys stock Martha no longer wanted faces indictment for insider trading.
And this is business? This is the great equalizer credited with placing peoples of all nationalities, education and cultural backgrounds on equal footing? We
placed our trust in the integrity of those who had none, whose primary concern lay only with "making the numbers" for the current quarter. Surely there is more to
corporate governance than this. The small and medium enterprise (SME) by definition cannot lose billions or bilk thousands of employees out of their
lifes savings - an SME has less to lose - but financial mismanagement, lack of transparency and lack of auditor integrity can have the same effect at an SME that
they have at Enron and Worldcom. A higher level of corporate governance can be valuable, regardless of the size of the company.
International Attention There is a growing uneasiness in the lack of transparency in business, one that existed long before corporate scandals began
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