8 pages/≈2200 words
The Legal Environment of Business
Students will write an 8-10 page, double-spaced paper regarding corporate ethics in the post-Enron era from the role of a policy analyst. This paper should address the following question: “What specific changes, if any, would you recommend to a policy maker to increase the effectiveness of corporate governance in this post-Enron era? In answering this question, you may wish to focus specifically on issues involving boards of directors, shareholders, and the modern role of the CEO.” The portfolio project is an 8-10 page paper that requires you to write a memorandum to a decision maker, such as the president of the United States, a member of Congress, a chairperson of the SEC, or a state Governor, on how to reform corporate ethics in American business today. As we have seen, legislation such as Sarbanes-Oxley has received considerable media attention, but has not prevented significant catastrophes such as the global economic meltdown of 2008. You should be prepared to propose policies that might help to ameliorate or to prevent corporate ethics lapses that might occur in the future. You have the freedom to select any policy avenues that you think might help to strengthen and fortify corporate ethics. Your memo should: 1) Set forth why your chosen policy pathway is important; 2) Articulate your ideas on how to remedy the issue of corporate malfeasance; and 3) Proffer some recommendations to the decision-maker about how to improve overall corporate governance. Please note that your prescription for change is not nearly as important as your ability to forecast potential challenges to the corporate boardroom and to predict possible ways the government could intervene to assist not only solid corporate governance, but also the interests of individual shareholders. It is recommended that you suggest at least two methods and/or policy proposals which critically address the public policy concern. Bring in facts and other data to support the policy issue addressed and make sure each fact is cited to relevant authority. Demonstrate critical thinking by analyzing, evaluating, and interpreting appropriate policy to provide original perspectives to enhance corporate legal and ethical environs. You are expected to convey complex ideas in a clear, concise, and organized fashion, using the required and recommended readings from the course for analytical support. Make sure to also review the project rubric on the course page and to cite in APA format.
The Legal Environment of Business Name: Course: Professor Name: (February 27, 2012) . The Legal Environment of Business Ethics refers to the drive or motivation on ideas on what is right or wrong. It incorporates moral values and rule of law. Business ethics term is applied in different contexts and means differently to organizations. Business ethics history has been in existence for many decades and scholars interpret it with variations (Fieser, 2011). Business ethics has been associated to the recent developments especially in the nineteen seventy periods. The second meaning of business ethics is related to scandals and corruption deals that raised the necessity of a working environment endorsed by accountability. The third image of business ethics refers to the movement of systems within organizations (George, 2010). It is believed that business ethics is in form of structures relating to ethical codes, ethical hackers, ethical officers, ethical training and ethical committees (Michael, 2006). Business ethics in the Post-Enron Era listed the responsibilities of the American government and the responsibilities of the American businesses. The collapse of Enron specialty is evident to have exposed moral decay in America (McGraw, 2007). There are numerous scandalous episodes in the American businesses. This has raised the need to reform the ethics in the American businesses today. The government leaders and the organizational leaders have the responsibili...
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