Enrons code of ethics essay

The ultimate answer is no, Enron was not being responsible; the company hurt many people even though it undoubtedly thought that keeping things secret would serve the greater good insofar as it would give senior staff time to reorganize things without causing a depression in the stock holdings of employees.

The leaders at Enron violated every one of their obligations and betrayed stakeholders. In retrospect, it is not clear that Enron had a compliance officer in place in when it formulated its code of ethics.

Management was extensively compensated using stock options, similar to other U. Put another way, the outcome is all that matters when it comes to corporate actions.

However, it would appear that senior officials in the company would have the same responsibilities as any compliance officer: For example, the wording of the document is aspirational; it demands that people hold themselves to the highest ethical and moral level and work constructively with partners to forge better communities for a definition of aspirational, please see Ethics Resource Center, Employees constantly looked to start high-volume deals, often disregarding the quality of cash flow or profits, in order to get a higher rating for their performance review.

None of the websites discussed in this paper take note of specific ethical theories when talking about what is acceptable or unacceptable for a company to do. Deontology holds that one must do right for the sake of doing right; utilitarianism holds that something is only ethical if it creates the greatest good for the greatest number for a definition of both terms, please see Dictionary.

The company was constantly focusing on its stock price.

Enron’s Code of Ethics

This practice helped ensure deal-makers and executives received large cash bonuses. In the end Enron destroyed its credibility and ruined many lives; all because it declined to follow its own code of ethics. A deontological approach would have favored full disclosure; a utilitarian approach would presumably favor not saying anything and hope that things turn around.

Without question, Enron was socially irresponsible when it lied about its income and failed to reveal that its equity value was lower than its balance sheets said. Enron executives also ignored accounting irregularities and calmly kept millions in stock-market gains, even though they knew company employees who had stock in the organization were going to suffer when things came out National Public Radio, - Enron’s Code of Ethics: An Analysis This paper will analyze Enron’s Code of Ethics and examine the sections on values and corporate responsibility.

The paper will use applicable theories and concepts and will detail Ken Lay’s view of ethics and Enron’s corporate social performance. Essay on Enron: An Ethics Case Study; Essay on Enron: An Ethics Case Study. Words Oct 18th, 8 Pages.

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In further terms, the outcome of any moral activity ought to be valuable for all by mass offer. Related Documents: Enron's Business Ethics Failure Essays business research ethics Essay Business Research Ethics Jessica Vinson University of Phoenix RES/ Instructor: April Summerford The purpose of my paper is to discuss the business ethics of a company that is said to be one of America’s biggest fraud case.

Enrons code of ethics essay
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