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Category: Business and Industry
Date Submitted: 10/16/2014 04:02 PM
Semester 2, 2014
Thursday 11.30am-2.30pm
Victor Borg
Semester 2, 2014
Thursday 11.30am-2.30pm
Victor Borg
Zoey Shin Yee Song s3416078 Catherine Sutherland s3280918 Genevieve Tailiki s3379922 Thursday 11.30am-2.30pm Victor Borg
Corporate Scandals: Olympus Corporation| One.Tel | Adelphia
ACCT 1081 Ethics and Accountability
RMIT UNIVERSITY
Zoey Shin Yee Song s3416078 Catherine Sutherland s3280918 Genevieve Tailiki s3379922 Thursday 11.30am-2.30pm Victor Borg
Corporate Scandals: Olympus Corporation| One.Tel | Adelphia
ACCT 1081 Ethics and Accountability
RMIT UNIVERSITY
TABLE OF CONTENTS
INTRODUCTION 2
FACTS OF CORPORATE SCANDALS 2
OLYMPUS CORPORATION 2
ONE.TEL 3
ADELPHIA 4
SIMILARITIES BETWEEN THE CORPORATES 5
STAKEHOLDERS INVOLVED IN THE SCANDAL 6
OLYMPUS STAKEHOLDERS 6
ONE.TEL STAKEHOLDERS 7
ADELPHIA STAKEHOLDERS 8
ISSUES INVOLVED IN THE SCANDAL 9
i. ETHICAL ISSUES 9
ii. LEGAL ISSUES 11
iii. ACCOUNTING ISSUES 12
iv. CORPORATE GOVERNANCE ISSUES 13
SIMILARITIES BETWEEN THE CORPORATES 15
COMPARISON WITH ENRON 16
IMPROVEMENTS AND CHANGES OF LEGISLATIONS 18
CONCLUSION 19
REFERENCES 21
INTRODUCTION
This report studies the corporate scandals surrounding Olympus, One.Tel and Adelphia. It aims to describe the corporate designs of each company and what were the causes behind their critical corporate failings.
Through evaluating the; legal, ethical, accounting and corporate governance details incorporated in each company case, we strive to bring a fresh insight and critical exploration of each of these company's corporate misconduct.
FACTS OF CORPORATE SCANDALS
OLYMPUS CORPORATION
The multi-million dollar company Olympus Corporation has notably broaden the scope of camera industry to the digital imaging, bioscience, and...