Enron Code Of Ethics Case Study

The downfall of Enron will probably go down as one of the largest corporate
America. Mr. Kenneth Lay Enron has been responsible for the imprisonment of many corporate leaders in America. The Securities and Exchange Commission had been investigating Enron on their accounting practices for many years. The high ranked Executives that we involved with Enron were falsifying accounting records and inflating losses and liabilities. The lack of Business ethics, and disregard for the law to the public and other consumers is completed unacceptable and rightfully so CEO’s have been imprisoned for such inexcusable acts of illegal actions. There are many different industries in today’s corporate world. Perhaps, the most vital component in the corporate structure is its Codes of Ethics. Business Ethic or can be known as the Code of Ethics is a form of codes within the corporate world which it uses the Ethics and applies it to the entire philosophies of this corporate structure. In today’s day and age, most corporate structures use the Code of Ethics applies to the social atmosphere rather than the financial side.

Sherron Watkins was the person who reported Enron and their top executives. Enron notoriously had a culture of haughtiness and untouchable attitudes. Jeff Skilling set the culture in the corporation encouraging his employees do push the limit, be aggressive, innovative, and make new rules and finally making new laws. Furthermore, a culture led by example was to be always breaking the rules. All those words can have multiple meanings. One could read between those lines. Obviously those terms and the culture that had been established were doings illegal acts. Enron also had a list of codes that were not followed. The company like most had a compliance officer. However, Pre Enron the compliance department had a lot of short falls. Today’s Compliance department in general is more concise and more