Poor ethical behavior as seen at Enron and Satyam (described in the Strategic Focus) has devastating effects on the firm's stakeholders (and stockholders in particular) and illustrates a failure of corporate governance mechanisms.

Question

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Poor ethical behavior at Enron and Satyam affected various stakeholders, leading to financial and reputational losses. Such behavior also implies a failure of the company's corporate governance mechanisms.

Poor Ethical Behavior as Seen at Enron and Satyam (Described