ABC Limited directors discovered that employees colluded to overcome control systems put in place. The company lost US$2 billion through fraud and embezzlement. The directors tried all strategies in the books but failed to change the situation. After seeking legal advice, the directors were informed to engage a corporate governance expert. Required a) The directors picked you. Advise them on the possible governance causes of such ethical behaviour by the employees of ABC Limited.
ABC Limited directors discovered that employees colluded to overcome control systems put in place. The company lost US$2 billion through fraud and embezzlement. The directors tried all strategies in the books but failed to change the situation. After seeking legal advice, the directors were informed to engage a corporate governance expert. Required a) The directors picked you. Advise them on the possible governance causes of such ethical behaviour by the employees of ABC Limited.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
ABC Limited directors discovered that employees colluded to overcome control systems put in
place. The company lost US$2 billion through fraud and embezzlement. The directors tried all
strategies in the books but failed to change the situation. After seeking legal advice, the directors
were informed to engage a corporate governance expert.
Required
a) The directors picked you. Advise them on the possible governance causes of such ethical
behaviour by the employees of ABC Limited.
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