Business Ethics and Reform Research Papers
The scandals rocking the business community – Enron, WorldCom, Arthur Andersen, AIG – have convinced many observers that reform is needed in order make sure such episodes are not repeated and to restore public confidence in American business. One reform that is been proposed would require any Chief Executive Officer (CEO) convicted of malfeasance or misfeasance in their conduct of corporate business during their term of office to repay to the shareholders all salary and benefits received. Another reform suggested would require all stock options be put into a trust fund under the supervision of the company’s audit committee, those options to be disbursed only five years of their date of issue or five years after the corporate officer retires.
The first option is completely impractical. The second offers some merit. This research paper will consider each proposal and the possible beneficial impacts each might have on business in America. This research paper then will consider the underlying problems that have lead to today’s crisis and consider the type of reform that might bring about meaningful change in the way business is done in this country.
It has been suggested that corporate officers convicted of wrongdoing be required to repay the salary and benefits they received while working for the company. The most glaring problem with this proposal is its impracticality. Most people, even wealthy corporate executives, spend a large portion of the money they earn. If an officer was found to have committed some sort of ethical violation over the course of his or her tenure, and was ordered to repay all salary, it is likely much of the money would have been spent and repayment would be impossible. The only way this proposal could work would be to hold all of a corporate officer’s pay in escrow until after he or she retired, and it could be confirmed that there had been no wrongdoing.
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A research paper is an in-depth examination of Business Ethics and Reform. More than just an overview of what was learned on Business Ethics and Reform, like a term paper is, a research paper contains analysis of Business Ethics and Reform along the lines of organizational theory and relevant published material. Research papers are highly analytical and can often be more than 8 to 10 pages. The key to a good research project is the examination of recently published journal articles and peer-reviewed material on the Business Ethics and Reform chosen. Like the name implies, research papers are exactly that, a paper that examines the information that can be found on Business Ethics and Reform.
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