Caso Parmalat
Páginas: 4 (959 palabras)
Publicado: 7 de noviembre de 2012
ANALYSIS CASE "PARMALAT"
Background
* Parmalat, the eighth largest industrial group in Italy with about 36,000 employees in 30 countries, had amassed huge debts in recent years in its evolutionto become a multinational in the food sector, known especially thanks to its dairy products. In their growth was supported by some of the world's largest banks, including Bank of America, MerrillLynch, JP Morgan, Chase Manhattan and Citigroup.
LIABILITY OF CORPORATE GOVERNANCE IN THE PARMALAT CASE
The loss of public confidence generated by the fraudulent dealings of directors and administratorslocated at the top of world class organizations and therefore the importance, the issue of corporate governance, traditionally defined codes of conduct, and the responsibility of the board oforganizations regarding their behavior transparent in all their actions and decisions, which is why it is necessary to revisit the issue of business ethics from a global perspective, especially nearing theend to the current situation, in a society progress and very different in the familiar environment in the last century.
Parmalat has given us all the evidence, to analyze, the particular situations ofthe scandal that has mired countries, multilateral agencies, supervisors, investment analysts, risk analysts, banks, regulators, etc. And try to establish what the failures of corporate governance inthe company were.
But criticism of the actions of executives and accountants are not the only, perhaps now is the most important companies showing interest by setting rules of conduct to guideemployees and managers at all levels. Businesses and economies of countries should be guided not only by profit but also for other values such as loyalty to other companies or industries. The markettransparency promotes healthy competition and business leaders with high ethical standards also promote loyalty and employee engagement.
You do not own shares or debentures of the company or one of...
Background
* Parmalat, the eighth largest industrial group in Italy with about 36,000 employees in 30 countries, had amassed huge debts in recent years in its evolutionto become a multinational in the food sector, known especially thanks to its dairy products. In their growth was supported by some of the world's largest banks, including Bank of America, MerrillLynch, JP Morgan, Chase Manhattan and Citigroup.
LIABILITY OF CORPORATE GOVERNANCE IN THE PARMALAT CASE
The loss of public confidence generated by the fraudulent dealings of directors and administratorslocated at the top of world class organizations and therefore the importance, the issue of corporate governance, traditionally defined codes of conduct, and the responsibility of the board oforganizations regarding their behavior transparent in all their actions and decisions, which is why it is necessary to revisit the issue of business ethics from a global perspective, especially nearing theend to the current situation, in a society progress and very different in the familiar environment in the last century.
Parmalat has given us all the evidence, to analyze, the particular situations ofthe scandal that has mired countries, multilateral agencies, supervisors, investment analysts, risk analysts, banks, regulators, etc. And try to establish what the failures of corporate governance inthe company were.
But criticism of the actions of executives and accountants are not the only, perhaps now is the most important companies showing interest by setting rules of conduct to guideemployees and managers at all levels. Businesses and economies of countries should be guided not only by profit but also for other values such as loyalty to other companies or industries. The markettransparency promotes healthy competition and business leaders with high ethical standards also promote loyalty and employee engagement.
You do not own shares or debentures of the company or one of...
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