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Essay / Research Paper Abstract
This 3 page paper examines the concept of corporate governance. Examples of poor governance such as Enron is relayed. A positive example used is Boeing. Bibliography lists 4 sources.
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3 pages (~225 words per page)
File: RT13_SA635gov.rtf
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("Boeing," 2006). In respect to corporate governance, there are periodic reviews when it comes to the firms principles and practices and the Board, as well as corporate officers, understand that
long term interests of the firm are aligned with the thoughts of its employees, customers, shareholders and suppliers ("Boeing," 2006). The Boards Code of business practices is further aligned with
each of the directors as it respects ethical risk and other issues ("Boeing," 2006). Boeing supports the reporting of "unethical conduct, and help to continue to foster and sustain a
culture of honesty and accountability" ("Boeing," 2006). Unlike some other firms, Boeing encourages whistle-blowing and tries to meet a high standard of accountability. This is proven by the practices
that the firm has in place. Boeing is an example of one company that takes honesty and corporate governance seriously, but this is not the standard. There are different concerns
within both the private and public arenas. Walker (2005) for example writes that "the greatest ethical issues facing government today are the current lack of fiscal discipline in Washington and
the continuing unwillingness of public officials to make difficult but known and necessary policy choices" (p.10). Here, corporate governance is something relevant. In the context of Walkers (2005) statements, the
public arena is noted, but this idea can be applied to any organization. Fiscal responsibility is important to all stakeholders in both private and public organizations. Boeing seems to have
implemented appropriate protocols to oversee the firm. Yet, the problem of ethics in financial management is vast and varied. Corporate governance therefore becomes a very important issue. Boeing is an
example of an honest company, but firms like Enron paint a different picture. Longenecker, Moore, Petty, Palich & McKinney (2006) write: "In the wake of recent, well-publicized ethical failures, public
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