(Download) "How Our Fiduciary Institutions have Betrayed Our Trust." by Ethical and Regulatory Issues Journal of Legal # eBook PDF Kindle ePub Free

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eBook details

Title: How Our Fiduciary Institutions have Betrayed Our Trust.
Author : Ethical and Regulatory Issues Journal of Legal
Release Date : January 01, 2005
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 305 KB

Description

INTRODUCTION The new millennium wasn't a year old when the foundations of the business world shook. Beginning with the Enron-Arthur Andersen scandal in October, 2001, ongoing revelations of fraud, sharp practices and misgovernance in corporate financial reporting, securities trading and CEO compensation have profoundly shaken the confidence of investors. Yet the loss of public trust was not solely attributable to the greed and ethical deficiencies of the perpetrators. Those failings, however regrettable, are expectable. Perhaps even more affecting to investors was the growing realization that their faith in the legal and regulatory oversight mechanisms that were established to monitor and prevent the kinds of misdeeds that occurred had been grossly misplaced.