Corporate Social Responsibility and the Law Case Study

Corporate Social Responsibility and the Law - Case Study Example According to the research findings, it can, therefore, be said that there were very good strategies that were applied by Enron Corporation in accounting and this made it be ranked among the top ten largest companies in the United States. From the previous trend that was recorded by the company, it was anticipated that it was to dominate in business transactions it carried out. It had very a milestone in such transactions whereby it had conducted trade in weather preparedness and security, power, and communications. In contrary to many expectations and hopes of the people of the United States and the world at large, it turned to be a legend in failure that is outspoken up-to-date. Policies are a set of principles of action adopted or proposed by an organization. They are tools of management whose absence leads to consequences as severe as the collapse of the organization. Business organizations run on a primary objective of maximizing profitability. However, in doing this it is unders tandable that the organizations exist within the society and must, therefore, operate in accordance with the norms of morality and ethical provisions as set by the society. The organizations interact with the society in their everyday production endeavors, some of the key modes of the organization- society interaction include, the recruitment of personnel. The collapse of the company apart from recording the highest form of bankruptcy has triggered a myriad of unanswered questions and behind the bar scenes that ought to unraveled to help in the implementation of preventive mechanisms incorporations of the same type, to deter the occurrence of such incidences. This historical happening contradicts the code of ethics of the corporation. Most of its ethics were easy to be followed and almost all the employees confirmed to them. In case of misunderstanding and disagreement, the legal committee or the supervisors were to be contacted for clarification. Enron had policies which were imple mented under the supervision of the management board. The policies included the principles that protected human rights. The policies clarified further on the secrets of the company concerning trade businesses and information that was supposed to be censured hence be kept as confidential information. There was also provision of additional information on the penalties of workers who misbehaved. The core values of the company were excellence, communication, integrity and respect. In excellence, their aim was to produce the best and to progressively move from where they have been before. There major purpose in communication was to ensure that there existed smooth flow of information among people. They were supposed worked with people in an open, sincere and faithful way in fulfillment of their integrity. Moreover, the company was supposed to treat everybody within a human way. According to the company’s manual, ruthless treatment, arrogance, abuse and disrespectful handling of pe ople was prohibited. The manual of their codes of conduct that was delivered to all workers stated that; the company was working hard to ensure that all the business transactions are conducted in accordance with both local and international regulations. The section clearly emphasized that the company was to observe the act of free corrupt practices of the United States, but this was not the case. Unfortunately enough, from the findings these codes of conduct and policies were only put only on papers, manuals and booklets to show to the public and the regulating authorities that they are existing in the company.