| Papers [1-16] of 100 :: [Page 1 of 7] | | Go to page : 1 2 3 4 5 6 7 —> | Search results on "FANNIE MAE SCANDAL CORPORATE GOVERNANCE": |
|
|
Fannie Mae Scandal and Corporate Governance, 2004.
Details the recent corporate governance scandal at Fannie Mae and the changes in corporate governance that were made as a result.
3,000 words (approx. 12.0 pages), 18 sources, MLA, AU$ 142.95
»
Click here to show/hide summary
Abstract
The Federal National Mortgage Association or Fannie Mae, a government chartered company, provides mortgages for low-incomes persons. Following an introduction, this paper provides information about Fannie Mae, including background information on the corporate governance scandal where top executives manipulated accounting to hit targets and receive lucrative bonuses. Thirdly, recent changes in corporate governance including the Sarbanes Oxley Act are discussed. Additionally some recommended changes in corporate governance at Fannie Mae are included.
Paper Outline:
Introduction
Background of Fannie Mae Scandal
Issue
Recent Changes in Corporate Governance Which May Help Elevate Problems
Recommended Changes in Corporate Governance for Fannie Mae
Conclusion
References
From the Paper
"Corporate governance, or the way a company is managed, can make or break that company as well as affect lenders, stockholders, and the market as a whole. Corporate governance is best defined as the means by which stockholders ensure that officers and directors will act in the best interest of the corporation instead of in their own best interest. Corporations set up a board of directors and appoint officers to run the company, although the true owners of the company are the stockholders whose money is at stake. It is the officers which play a substantial role in determining whether or not stockholders get a return on their investment. Stockholders entrust the officers to do what is right for the company as well as keep them informed of the financial state of the company through proper reporting. Although the corporation has significant control over the reporting process, there are strict rules which it is required to follow. Sometimes, however, accounting principles are violated by corporate officers in order to increase their own compensation in the form of bonuses".
| |
|
Changes in Corporate Governance, 2006.
An examination of the Fannie Mae scandal and the recent changes in corporate governance.
3,407 words (approx. 13.6 pages), 15 sources, MLA, AU$ 155.95
»
Click here to show/hide summary
Abstract
In this paper the author examines the scandal that surrounds the Fannie Mae company (also known as The Federal National Mortgage Association), which is a U.S. government chartered company, providing mortgages for low-income persons. The author looks at the Fannie Mae company together with its rival Freddie Mac as accounting for half of America's home mortgages. The author proceeds to detail the scandal that surrounded the Fannie Mae company as a result of the accounting strategy which helped the company hit its earnings-per-share targets and rewarded the top executives generously. The author also details the response of Fannie Mae to the findings against them. The paper discusses the Sarbanes-Oxley Act of 2002 which was instituted to try and prevent these sorts of scandals in large corporations. Finally, the author concludes that with the deadline of the new Sarbanes-Oxley Act, there will probably be more significant changes in the future.
Outline:
Introduction
Background of Fannie Mae Scandal
Fannie Mae's Response
Issue
Recent Changes in Corporate Governance Which May Help Elevate Problems
Recommended Changes in Corporate Governance for Fannie Mae
Conclusion
From the Paper
"However, Fannie's assertions may not have been completely true. As regulators began to look into Fannie Mae's accounting records, it was discovered that Fannie Mae was plagued with many of the same problems present in Freddie Mac. "Armond Falcon Jr., top federal regulator of the two home mortgage financing agencies, Fannie Mae and Freddie Mac, accused Fannie Mae officials of pervasive and willful misapplication of standard accounting rules." (Toedtman, 2004, p. A57) Targets of the investigation for mismanagement were the top two offices in the company. At the management helm of Fannie Mae is Chief Executive Office Franklin D. Raines, who served as White House Budget Director during the Clinton administration, followed by the Chief Financial Officer, Timothy Howard, who has the primary responsibilities for fiscal management."
| |
|
Fannie Mae, 2002.
This paper discusses Fannie Mae Loans (FML).
1,150 words (approx. 4.6 pages), 5 sources, AU$ 71.95
»
Click here to show/hide summary
Abstract
This paper contains a detailed description of the process of obtaining a Fannie Mae Loan, and who qualifies for a FML. The author explains,who funds the loans. The paper reveals the positives and negatives of Fannie Mae.
| |
|
Fannie Mae & Freddie Mac, 2002.
Using the example of Freddie Mae and Freddie Mac, the paper looks at the effects of indirect government subsidies.
1,150 words (approx. 4.6 pages), 3 sources, AU$ 71.95
»
Click here to show/hide summary
Abstract
This paper analyzes the effect of government indirect subsidy to mortgage and securities sector of the economy and how the effects could be demonstrated through Fannie Mae and Freddie Mac.
| |
|
Corporate Scandals, 2002.
A look at recent corporate scandals.
1,150 words (approx. 4.6 pages), 6 sources, AU$ 71.95
»
Click here to show/hide summary
Abstract
This paper deals with the issue of corporate scandals of the past two years and the "conversion process" that has led to a new regulatory stance towards behavior by executives and accounting firms.
| |
|
Corporate Scandals, 2007.
The paper attempts to find a practical solution to modern corporate rights abuses.
1,135 words (approx. 4.5 pages), 5 sources, MLA, AU$ 63.95
»
Click here to show/hide summary
Abstract
The paper explains that the problem with solving current corporate governance and the severe rights abuses that have led to countless victims, is that it is extremely hard to pinpoint who is responsible. The paper relates that each corporation harbors hundreds, thousands and even hundreds of thousands of employees, managers and executives. The paper shows how neither the government or social movements can change the long-term culture of corporations by themselves. The paper contends that the only way to hold a corporation responsible is to impact and change the mentalities of each and every individual working within the corporate domain.
From the Paper
"When discussing the issue of corporate restrictions, most turn their heads to the government for guidance. Most people believe that only at the federal and Supreme Court level, can true policy reform affect corporations and change their entire perspective on rights abuses. The problem however, is that the federal government is highly ineffective in restricting corporations and checking their rights abuses. Federal laws, and Supreme Court rulings take years to formulate, and they only formulate as a result of reactive measures. In other words, the highest levels of the American government will only act, after an infringement by corporations occurs. An apt example comes in the case of the Enron and WorldCom scandal."
| |
|
Corporate Governance and Corporate Law, 2002.
Examines the implications, factors and morals of corporate governance and corporate law.
2,900 words (approx. 11.6 pages), 5 sources, AU$ 171.95
»
Click here to show/hide summary
Abstract
This paper shall demonstrate how a quote from the U.K. summarizes corporate governance and corporate law through consolidating the diverse areas of the corporate governance system. This is achieved through investigating the factors that comprise corporate governance, in addition to the effects that corporate governance and corporate law have upon the business environment.
| |
|
The HealthSouth Corporation Scandal, 2007.
This paper examines the HealthSouth Corporation scandal and the company's illegal activities.
844 words (approx. 3.4 pages), 1 source, MLA, AU$ 49.95
»
Click here to show/hide summary
Abstract
The paper discusses one of the most publicized corporate ethical scandals in recent memory, the HealthSouth Corporation's accounting misdeeds. The paper reveals that over the course of the company's six-year financial fraud, the company recorded 2.7 billion dollars in fake revenues upon its ledgers. The paper highlights the warning signs of illegal activity in the corporation. The paper explains how the fraud continued because no one was willing to reveal the extent of the crimes that were being perpetuated.
From the Paper
"How could this go on for so long, with no one the wiser, or at least, with no one willing to reveal the extent of the crimes that were being perpetuated? The corporate climate at HealthSouth that fostered such illegal activities also created a climate of secrecy and fear amongst the criminals. Breathing a hint of dissent was considered to be a betrayal, not an ethical qualm. The major actors, even those who were friends, lived in a constant atmosphere of suspicion, fear and intimidation. One of CFOs who eventually agreed to inform upon the CEO of the corporation said he was threatened that he would become the 'fall guy' should the company's activities come to light when he wished to quit."
| |
|
Corporate Stock Options, 2007.
An analysis of the impact of stock option scandals on corporate ethics.
3,726 words (approx. 14.9 pages), 17 sources, APA, AU$ 166.95
»
Click here to show/hide summary
Abstract
This paper discusses the stock options scandal associated with Enron and discusses its impact on corporate ethics. It looks at some of the effects that are expected to arise from this scandal and discusses the ethical character of management in the business sphere. The paper presents a careful overview of business ethics and offers an opinion on the effectiveness or ineffectiveness of the Sarbanes-Oxley legislation in the United States vis-a-vis this current scandal enveloping many public companies across North America.
Table of Contents:
Abstract
Introduction
Stock Options Scandal
Ethical Positions
Future Ramifications
Conclusions
From the Paper
"It seems the entire body of corporate America is holding its collective breath to see how the more than 80 investigations currently underway by the SEC are concluded. Such a host of companies are taking pre-emptive action in the stock options scandal by restating and revising earnings statements that it is clear the problem is even far more pervasive than currently thought. Not only companies like Apple and UnitedHealth are under investigation but McAfee and even Barnes and Noble are being examined by the SEC (Should, 2006). Should any of the top executives at these firms be negatively affected, the resulting impact on their company's share price could depress the entire U.S. stock market in a way that Enron never did and certainly bleed over into the Canadian markets."
| |
|
Corporate Governance: Alltel Corporation, 2004.
Identification and analysis of corporate governance issues at Alltel corporation.
1,380 words (approx. 5.5 pages), 4 sources, APA, AU$ 76.95
»
Click here to show/hide summary
Abstract
This paper presents the identification and analysis of corporate governance issues at Alltel corporation. It describes the company and defines elements of corporate governance. The paper concludes that the company is guilty of the appearance of inproprieties. It recommends the company should adopt a policy of not funding unregulated business operations from the earnings of regulated business operations, and eliminate the requirement for a mandatory equity position for the Board of Directors.
From the Paper
"The purpose of this research is to analyze relevant corporate governance issues at Alltel Corporation. This executive summary provides description of the company as well as providing a ..."
| |
|
Corporate Communication and HealthSouth Corporation, 2006.
A look at business scandal and fraudulent behavior on the part of charismatic leaders as a result of poor communication.
1,200 words (approx. 4.8 pages), 7 sources, MLA, AU$ 66.95
»
Click here to show/hide summary
Abstract
This paper examines how leadership plays a vital role in corporate communication and accountability. It also explores how a culture based on values is able to communicate across the organizational structure effectively and that the failure of communication can lead to criminal behaviour and the downfall of the company, using the HealthSouth Corporation as an example.
Content:
Introduction
Communication and Leadership
Conclusion
From the Paper
"For a future at HealthSouth, strong leadership based on values will remain key. This type of leadership involved a certain level of emotional intelligence where feelings of powerful do not become overwhelming. Of course if leadership and responsibility are equally shared, then power will be as well. The key to effective leadership does not come from charisma but from integrity and sharing information. Hughes (2004) writes an effective leader will have impact upon their team and this is "apparent in the growing interest over the past decade in topics like the leader's genuineness, authenticity, credibility and trustworthiness" (p. 3). A leader's reflection of these attributes is found in their level of connectedness with employees. As a result leaders are more interested in mentoring and training their team rather than focusing on output of numbers or turn around time. These qualities are a good indicator for selecting a potential manager. This development in team building allows for "providing people opportunities to learn from their work rather than taking them away from their work to learn" (Hughes 4). "
| |
|
Corporate Malfeasance, 2008.
This paper discusses several corporate scandals and their many negative effects.
788 words (approx. 3.2 pages), 3 sources, APA, AU$ 46.95
»
Click here to show/hide summary
Abstract
The paper looks at the scandals where large corporations' top management acted in an ethically and morally unsound manner, wanting more for themselves than the stakeholders that they actually worked for. The paper relates that unethical behavior of corporations results not only in a huge monetary loss but also in the loss of stakeholder trust and confidence as well as a negative effect on the stock market. The paper asserts that corporate malfeasance will be part of the corporate world in the years to come and so the answer is not in implementing more regulations, but rather ensuring that the laws and regulations already in place can prevent and detect, if not totally eradicate, corporate malfeasance in the future.
From the Paper
"The late 1990s and the early 2000 rocked the corporate world with a variety of scandals reported in the news. The scandals were brought about by several large corporations' top management doing deeds that are not only fiscally questionable but ethically and morally unsound as well. "Deceptive and fraudulent activities carried out by corporate officers, investment banks, brokerage firms and investment analysts have cost investors billions. Trusted financial market professionals abandoned ethical principles (repeatedly, in both bull and bear markets, in the most materially advantaged country ever) as they pursued excessive material well being. (Creative Investment Research, 2003)" "
| |
|
Corporate Value, 2007.
This paper examines the function of corporate value in today's corporations.
2,825 words (approx. 11.3 pages), 13 sources, MLA, AU$ 135.95
»
Click here to show/hide summary
Abstract
The paper explains that corporate value is an objective assessment of how well the company is managed. The paper analyzes the creation, managing, measuring and occurrence of corporate value in the current competitive business environment. The paper shows how defining corporate valuation requires a careful analysis of the corporation's financial data, share holder price, management methods, such as communication, and the overall manner in which the corporation is run.
Outline:
Introduction
Measuring Corporate Valuation
Creating Corporate Value
Managing Corporate Value
Conclusion
From the Paper
"In recent years, competition among corporations involved in all sectors of business industries has dramatically increased, bolstering the significance placed on "corporate value." With increased competition and greater awareness among investors, new and innovative ways of measuring corporate performance are being developed (Girotra, 2001). These corporations have recognized the need for customer-driven quality, which can only be implemented through a strong, adaptable, and effective form of management. As a result, corporations must be committed to create, manage, and measure corporate value as a determination of the business' financial success or failure."
| |
|
How Corporate Taxes Help Our Economy, 2002.
This paper examines the national debate on corporate taxes and its effect on the United States economy.
2,525 words (approx. 10.1 pages), 10 sources, APA, AU$ 123.95
»
Click here to show/hide summary
Abstract
This paper explores the issues and history of corporate taxation. Corporations are taxed at a rate depending on their income. This paper discusses the pros and cons of dropping the corporate tax, the methods which can be used to drop or lower corporate taxes and why. The paper includes charts and statistics concerning corporate taxes.
Table of Contents
I. The Beginning of Corporate Income Tax
II. The 1986 Tax Reform Act
III. How Does Taxes Affect Business
IV. Corporate Tax Rates
V. Decline of the Corporate Income Tax
VI. Why the Wide Range Between State and Corporate Taxes
VII. How Does Corporate Tax Work with Multi-state Manufacturers?
VIII. Does the Corporate Tax Help
IX. Proposals of Corporate Income Tax
X. Need of Stimulus
XI. Future Research Concerning Corporate Taxes
XII. Conclusions
XIII. Works Cited
From the Paper
"Where did the corporate income tax begin? How does it affect our economy? What is the future of the corporate income tax? Will deleting corporate income tax be the answer for the economy? What about cutting part of this tax? How does the corporate income tax help the economy? These are questions that will be answered in this paper as well as how the corporate tax is affecting our economy now.
The Beginning of Corporate Income Tax
"How the corporate tax began is an example of why tax systems can be worse than they should be and how little influence the economic profession has on government policy (Norton 2). Sometimes ideals look great when they are not that sound. Corporate taxes were used during wartime until 1909, when Congress enacted a 1 percent tax on corporation income. The rate increased until 1932 to 12.5 percent when the rate was changed to the progressive rates. Norton stated, ?Surtaxes on corporate income were added for ?excess profits? during both world wars. The highest peacetime rate, 52.8 percent, was reached in the sixties? (2). "
| |
|
Public Relations and Corporate Social Responsibility, 2005.
A look at the link between public relations and corporate social responsibility in the business world.
6,574 words (approx. 26.3 pages), 6 sources, MLA, AU$ 243.95
»
Click here to show/hide summary
Abstract
Public relations is generally regarded as a bad thing by consumers, whose cynicism has been aroused by recent events involving major U.S. corporations and cultural 'institutions' such as Martha Stewart. However, within the last generation, consumers said they were willing to refuse to purchase products or services from any corporations not perceived to be a corporate good citizen. The question for public relations and for corporations globally is whether it is possible to make corporate actions match the good reputations their public relations departments attempt to create. In short, can the current disconnect between perceptions of corporate behavior and the corporations' misbehavior with concurrent avowals of rectitude be aligned? There are cases in which citizen action has brought those elements into alignment. In other cases-notably Thailand-the government has short-circuited the profit intentions of a major corporation to provide for the citizens. However, in far too many cases, the governments look the other way while corporations extolling their own virtues nonetheless participate in human rights-questionable activities. This study identifies the nature of some of the disparities between corporate public relations and corporate socially responsible-or irresponsible-behavior and suggest scenarios that might bring both into alignment.
Outline
Introduction
Methodology
Literature Review
Findings
Background: Burma Campaign UK
Aon Corporation
Ericsson
Ivanhoe Mines
Rolls-Royce
Unocal:
Conclusion
From the Paper
"How duplicitous are large corporations, and how gullible are consumers? These are questions public relations practitioners probably do not ask themselves very often, or perhaps ever. Yet, there are two violently divergent trends in corporate conduct, which suggest these as questions public relations practitioners-or at least, ethicists involved with corporate public relations, ought to ask. While those are open-ended questions more appropriate to an ethicist than to those planning public relations campaigns, there are two trends that public relations practitioners need to examine; the combination of those trends present precisely the sorts of corporate malfeasance and misfeasance that has captured the attention of both the public and governmental oversight organizations.
The first trend is for corporations to support worthy causes, partially for the increased goodwill it brings, and often sales as well. At first glance, it sends no warning signals. In fact, in 1994, "a nationwide survey...confirmed that a company's social performance significantly influences prospective customers, employees and investors in basic decisions about the firm" (Gildea, 1994, p. 20+) Of course, that was then and this is now. In the past decade, Enron happened, and MCI/WorldCom, and "Martha" and any number of other smaller scandals involving companies that, if not known for their good works, at least were not known for bad ones until the misdeeds came to light. Like all other companies of any size, these companies had established public relations departments to make public note of gifts to charity and the like. Bread and butter to any corporate public relations department is their corporate philanthropy, often carried out while the company is busy in other areas wreaking untold havoc. A case in point is Enron."
| |
|
Corporate Governance in Australia, 2003.
A look at the recent corporate disasters and what action is needed by management to ensure effective and appropriate corporate behaviour.
2,306 words (approx. 9.2 pages), 28 sources, MLA, AU$ 115.95
»
Click here to show/hide summary
Abstract
The purpose of this essay is to examine the level of involvement needed by directors, management and major shareholders in establishing and continuously encouraging effective corporate governance practices. Further, the role for legislation and regulation in supplementing and strengthening such practices is also discussed. The paper makes reference to corporate disasters experienced by corporations such as Enron, HIH Insurance, WorldCom, AMP, Harris Scarfe and One.Tel, which have all drawn great attention to the issue of corporate governance and how corporations are controlled, managed and regulated.
From the Paper
"Corporate failures, such as WorldCom and the HIH collapse, have deprived millions of company employees and shareholders of their lifetime savings and retirement benefits (Shang, 2003). Some have argued for greater legislation (Dallas & Bradley, 2002), while others have pointed out that corporate governance is not just about legal and regulatory compliance but rather it is about building a culture based on sound business practices, ethics (Julien & Rieger, 2003), and creating a climate of trust and honesty."
|
|
|
