Senior Managers Are in the Frontline of Efficiency and Ethics

Dimitris N. Chorafas

Chapter 2 in Business Efficiency and Ethics, 2015, pp 23-46 from Palgrave Macmillan

Abstract: Abstract After the fall of Enron, practically everyone is agreed that board members, chief executives, chief financial officers, and other senior managers must be held accountable for the financial information their company releases, including the reported profits and losses. The Sarbanes-Oxley Act, which came on the heels of Enron, WorldCom, and other debacles, specifies that there should be significant penalties on those who falsify financial reports, in addition to the punishment by the markets.

Keywords: Senior Manager; Chief Executive; Stock Option; Shareholder Activism; Deepwater Horizon (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48425-3_2

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DOI: 10.1057/9781137484253_2

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