Corporate Governance

Master of Business Administration Assignment On run-in code: Course human activity: Level: Semester: go out: Date: Submitted By: Submitted To: take in: Name: ramble: Lecturer, AIB Reg.No: CORPORATE GOVERNANCE INTRODUCTION/BACKGROUND INFORMATION This distinguish volition examine corporate governance failure which was refer on giant establishments such(prenominal) as Enron and orb cons in the get hitched with States. I will present an overview of corporate scandals in Enron and beingness Com and proceed to the corporate governance failure as it is compute to Parmalat. The corporate scandals did not only surface in the go across in States but occurred in other parts of the knowledge domain such as Italy. Parmalat, an Italian Company was the centre of a lavishly profile scandal which ca me as a affect to many another(prenominal) persons because of the type of system that existed in this country. The main concenter of the result dealt with the financial scandal at Parmalat as iodine of the biggest companies in Italy.

Parmalat was among the largest food based companies in the gentlemans gentleman and had a front man in a variety of carrefour categories. Towards the end of 2002, it was revealed that the partnership had been reporting to fraudulent accounting practices from the belatedly 1980s and had been in the habit of transforming large amounts of money from groups to several(prenominal) other foreign subsidiaries or companies owed by the Tanzi family. The scandal came to sapless only in December 2! 003, where Parmalat was not in a position to detect a bond payment that had break due, but analysts had been dubious about the company accounting practices since 2002. promote investigation revealed that Parmalat created assets which were no(prenominal) existent and transferred money to its various subsidiaries around the world in a series of complicated derivative transactions. Italian investigators sight that Parmalat managers invented assets to cover...If you want to get a full essay, enunciate it on our website: OrderEssay.net

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