Corporate scandals at Enron, WorldCom-MCI, and other firms are examples of failure of ________.

Question

Quizplus · Accepted Answer

The scandals at Enron, WorldCom-MCI, and other firms were primarily due to failures in corporate governance, as the executives and board members failed to uphold ethical and legal standards and instead prioritized their own financial gain. While corporate public relations, ethics, and violations may have played a role in some of these scandals, the root cause was a lack of effective corporate governance.

Corporate Scandals at Enron, WorldCom-MCI, and Other Firms Are Examples