Enron's Code of Ethics

Introduction:The study of Enron and its code of ethics is an important content. It is a case which demonstrates on a large scale the implications of violating or ignoring a code of ethics. Ethics are a hit verbally raiment of rules and principles a corporation or grouping promise to embrace and guide them in their decisions. It also consists of extemporaneous laws or rules which can buoy be defined as simply the difference among right and wrong. Enron used to be the largest electrical distributor and producer of electricity and natural gas in the country. The graduate(prenominal) society was listed as the fifth largest of the fortune 500 companies. As the energy market declined at the end of the 1990?s much of their financial and accounting processes came into the ? blaze?. This was the beginning of the end for the familiarity and eventually filed bankrupt in 2002. Enron?s failure to wait by its own and unwritten code of ethics had annihilating effect on it shareho lders and the miserliness as well. Although legislation much(prenominal) as the Sarbanes-Oxley act has been enacted since thus to hopefully deter this from possibility in the future, following a code of ethics quiet down essential. It is non that Enron did not contribute a code of ethics, it is that they chose not to abide by them.

Enron?s code of ethics was a very well written and covered multiple subjects. It states that as a corporation it has a responsibility to conduct itself in a manner that goes beyond industry, economic and cultural boundaries (Enron, July, 2000). It started with expressing their great deal or goal of the company which dealt more with the environment than incorporate practices. The section on value ! are typical of most. take note ? We will treat others as we would like to be treated. single ? We... If you want to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay