SPLASH CORPORATION INTRODUCTION A fast-growing family of brands that are leaders in their respective categories. Now known globally, Splash continues to make a difference in more lives. Company Profile Splash Corporation is a publicly listed Filipino company with business interests in personal care and food manufacturing, marketing, and distribution in the Philippines and in the international market. Founded in 1985, Splash was able to grow from a Php12,000 backyard business into a Php3.5 billion
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The Ethics of Enron: A Corporate Disaster Racheal D. Smith Salem International University The Ethics of Enron: A Corporate Disaster Ethics, as stated by Dawn D. Bennett-Alexander and Linda F. Harrison in The Legal, Ethical & Regulatory Environment of Business in a Diverse Society, are considered subjective laws as well as a how-to-guide for businesses in how they conduct themselves with their suppliers, customers, employees, and anyone else they do business with (2012). It is not enough
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Benefits of Good Corporate Governance to a Corporation: Culture within the organization and industry improves, Shareholder confidence improves, Companies that are seen as well governed get a premium for their stocks, Creation and enhancement of a corporation’s competitive advantage, Enabling a corporation perform efficiently by preventing fraud and malpractices, Providing protection to shareholders’ interest, Creates additional shareholder value over time, Enhancing the valuation of an enterprise
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The Enron Fraud Enron Corporation was a conventional energy company founded in 1985, but soon expanded its operations as an energy trader of derivatives contracts, taking advantage of the deregulation of the energy markets. It also built and operated a variety of assets across the globe, including pipelines, electricity plants, pulp and paper plants, water plants, and broadband services; and provided financial and risk management services to customers worldwide. Enron soon became a world-renowned
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for obstruction of justice and lying to government investigators during an insider-trader probe into the 2001 sale of personal ImClone Systems stock (Money, 2004). Ivan Boesky The U.S. Securities and Exchange Commission (SEC) investigated Boesky for making investments based on tips, and on November 14, 1986, SEC charged Boesky with illegal stock manipulation based on insider information. Although insider trading of this kind was illegal, they rarely were enforced until Boesky. By cooperating
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Business Conduct and Ethics to guide its employees and officers, and directors to obey the law and act ethically. The code principles of its Business Conducts and Ethics include: Compliance with the law, rules, and regulation, prohibition against insider trading, conflict of interest, corporate opportunities, confidentiality, fair dealing, safety and environment, protection and proper use of company assets,
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The US Securities and Exchange Commission (SEC) was reeling in the wake of harsh but justified criticism for failing to predict, control or even contain the global financial crisis. Under its watch, fraudster Bernard Madoff managed to ¬operate the largest Ponzi scheme in history and Wall Street stalwart Lehman Brothers collapsed, taking billions of dollars, business confidence and reputations down with it. It was a heady time with traders investing in schemes they, let alone the regulators, didn’t
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governance. (Wheelen & Hunger, 2010, p. 46) The U.S. Corporation manages the laws of the state in which it is incorporated. The directors have to ensure management’s adherence to laws and regulations. Directors have to deal with security issues, insider trading, and conflict-of-interest. (Wheelen & Hunger, 2010) The board attends to business with the due care law. If the corporations violate the due care law, they can be legally sued. Corporations purchase directors’ and officers’ liability insurance
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international stock market in a short period of time. Enron’s operating income in the year 2000 was stated in $100.7 billion and its after-tax net income was reported in $979 million (Palepu & Healy, 2013). The enterprise’s business model was based on energy-trading, centered in the deregulated energy marketplace, and in its significant investments in several large-scale commodities and other broad different services. Enron promoted natural gas and electrical energy. It also provided energy and other merchandises
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Stock market crash of Bangladesh in 2010-11: Reasons & roles of regulators Sangit Saha Degree Thesis Förnamn Efternamn International Business 2012 DEGREE THESIS Arcada Degree Programme: International Business Identification number: Author: Title: 11497 Sangit Saha Stock market crash of Bangladesh in 2010-11: Reasons & roles of regulators Andreas Stenius Supervisor (Arcada): Commissioned by: Abstract: The aim of the thesis is to determine reasons of the stock
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