Corporate Governance Benchmark
University of Phoenix
MMPBL/570 - Corporate Governance
August 28, 2010
Corporate Governance Benchmark
McBride monetary Services, Inc. is a relatively small fellowship controlled by the headsman executive officer, Hugh McBride. McBride needs to accept the board of directors as an freelancer oversight committee; instead, he wants the board to follow his lead, come out the lack of corporate governance, (University of Phoenix, 2010). The adherence to corporate governance and complaisance are major issues in the business world today. inborn for organizations today in the business environment concerns the concepts of corporate governance, and conformism to the Sarbanes-Oxley Act. Each company addressed in the corresponding benchmarking analysis has faced corporate compliance issues. The primary goal in each company is to make sure necessary measures use success skilfuly ensure managerial accountability and transparency. In this paper, comparisons in strategy, and contrasting courses of action that have taken place.
Enron: veilnal control and management procedures that support effective reporting
Internal controls and the culture of an organization are canonic structural aspects to reinforce the inherent nature of most nation to do the right thing (McCarthy, 2004, p.p. 197 -198). Enron was one of the worlds largest energy companies that went sunder because of its bad financial practices. In 1985 Huston Natural Gas and Inter North merged creating Enron. The company was offering various run including e-commerce. Enron became the most innovative company and in the year 2000, the company earned revenues for more than $100 billion and share wrong of $90. Many investors thought, Enron was a safe place to invest.
In 2001, however, Enrons success appeared to be phony. The company had assigned billions of dollars of debt and jeopardize to subsidiary companies which then kept them off their books (Enron Scandal). The companys share expense fell and the accounting firm,
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