a) How did it happen or how was it done? b) How did it come to light or how were they caught? c) What penalties were slapped on the companies? d) What recommendations can you make to prevent such scandals from reoccurring?
Corporate Malfeasance has earned a place among the defining themes of the last decade -and - a half, helping give birth to the present global recession and financial crises. The following companies were recently involved in corporate scandal relating allegations of unethical behaviour by individuals acting within or on behalf of the corporation, these corporate scandals predominantly involve financial fraud of some sort. A wave of such scandals swept many companies in recent times. The following international company were recently involved in financial and accounting scandals.
Tyco - New Jersey based blue chip Swiss Security Systems
REQUIRED:
a) How did it happen or how was it done?
b) How did it come to light or how were they caught?
c) What penalties were slapped on the companies?
d) What recommendations can you make to prevent such scandals from reoccurring?
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