Task 1 : To me, business responsibility is often known as corporate social Responsibility (CSR), where CSR is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large. Being a responsible business essentially means minimizing the negative social and environmental impacts of your business and maximizing the positive ones .These impacts
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betting on the oil markets and transferred the money they earned to the offshore accounts. Instead of fire them, Lay encouraged them to use this unethical way to make money for the corporation. Finally the two traders were fired since they gambled away Enron’s fortune. Then Lay hired Jeffrey Skilling as the new CEO. They began to use mark-to-market accounting, which allowed them to report the potential profits instead of the actual profits. In addition, the new CEO’s aggressive management idea which fires
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CHAPTER-1 INTRODUCTION BACKGROUND OF THE STUDY:- Once the seventh largest company in America, Enron was formed in 1985 when InterNorth acquired Houston Natural Gas. The company branched into many non-energy-related fields over the next several years, including such areas as Internet bandwidth, risk management, and weather derivatives (a type of weather insurance for seasonal businesses). Although their core business remained in the transmission and distribution of power their phenomenal growth
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It is reminiscent of the old cartoon of the wily coyote who runs off a cliff. For a period of time after the coyote leaves solid ground he is suspended and tries by furious windmilling to stay suspended but eventually plummets to the ground. In Enron's case the magical period of suspension after it had left the solid ground of economically profitable operation lasted for years. The History of the Natural Gas Industry Natural gas, primarily methane, was originally an unwanted byproduct of petroleum
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LUEGO DE ENRON: BENEFICIOS Y RETOS ANTE LA LEY SABARNES-OXLEY DE 2002 Abstracto Haciendo un recuento de la historia de Enron, desde grandes e importantes de la historia de los la fundación de la empresa, sus “innovadoras” Estados Unidos. La empresa originalmente se prácticas contundente dedicaba a la administración de gasoductos crecimiento del valor de sus acciones, hasta varios dentro de los Estados Unidos, aunque luego contables, su éxito, el sucesos
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