Ranggi {dot} Net » Corporate Governance http://www.ranggi.net Let's Talk About Finance Thu, 27 May 2010 15:17:23 +0000 http://wordpress.org/?v=2.8 en hourly 1 Failures in Corporate Governance http://www.ranggi.net/failures-in-corporate-governance http://www.ranggi.net/failures-in-corporate-governance#comments Thu, 24 Sep 2009 06:05:40 +0000 Ranggi http://www.ranggi.net/?p=95 Failure in corporate governance is common. Recent examples of failures in the United States include:

Enron – lack of full disclosure of off-balance-sheet debt and manipulation of energy markets.

WorldCom – capitalizing over $7 billion that should have been written off as operating expenses.

Global Crossing – hiding its overinvestment and operating losses while still promoting the stock.

Adelphia – management looted the firm through loans from the firm backed by the firm’s own stock.

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