Enron

LEGAL AND ETHICS ISSUE ONE N R ONI . Legal and Ethical Issue A . What specific sequel are you writing aboutThere had been numerous and massive corporate frauds for the dying fifty years such as the Lincoln nest egg Loan , the BCCI bank failure and the scandal which create increase several juristic and good questions . One point in case , is the issue raised concerning a lawyer s responsibilities when the lawyer has learned that officers of his corporate client are isthmus-aside(p) in illegal business or voluminous in dribble that violates the lawB . What are the legal and ethical implications raisedWhen corporate executives who are engaged in fraudulent acts harmful to the company , company shareholders or other third parties come for assistance to escape legal and civil liabilities , a lawyer or law family s dilemma would be either to protect his client or would either adhere to his responsibility to the court or the oecumenic public . Certain law trustys require assisted in the settlement of civil liabilities of less publicized frauds but give up denied assistance or participation in the fraud . tho two law firms namely Vinson Elkins and Kirkland Ellis are facing lawsuits who had been involved in the mathematical function (R . Crampton . and the Corporate Lawyer : a solid ground on legal and ethical issuesC . wherefore is this issue of particular(prenominal) immenseness to you and /or makeupThis issue is of personal primary importance since we are daily engaged in making decisions that have moral implications incumbent on anyone who is a part of an organization whether for legal or business reasons . I believe that it is grand that one understands his /her ethical obligations in meeting the organization s expectations epoch modeling the appropriate behavior for others . It is important that standards should be set for judging right from wrong , of knowing how to act sanely and honestly in individual or in concourse decision making (B . Gross Ethics and People ManagementD .

Why is the issue of importance to contemporary societyCorporate scandals such as the affair and other recent corporate scandals like Adelphia , Dynergy , Tyco , Xerox among others have brought down investor and public confidence in the integrity , reliability of corporate executives and the market that creates and builds American capitalism . For as colossal as greed among corporate executives , laziness on directors and continent compliance among lawyers persist , reforms will not suffice unless right be enforced specially upon lawyers who violate legal and ethical rules . Such practice must be curtailed , since this will regenerate the confidence of investors and even uplift the morale of employees necessary for a healthy and productive company , and robust economyII . Facts A . What is the organizational or personal background of your issueThe goals and objectives of a law firm are substantially different from that of a commercial or industrial enterprise . Reasons lie in the nature of the operate which law firms provide for their clients and the way with which legal firms market these services...If you command to get a full essay, order it on our website: Orderessay

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