. Business Law Post Enron is a New Game | LAW Professor.com - Your Self Help Guide For Legal Advice - Hostgator Coupons 2015: Hostgator offers 2015 :- Now hostagtor hosting offers and get plans 2015 Hostgator Coupon 2015 . Now Hostgator Plan to provide coupons on 2015.

LawProfessor.com Exclusive Article

Business Law Post Enron is a New Game

More Options:

Print This Article Print This Article
Email This Article Email This Article


Post this Article to facebook Add this Article to del.icio.us! Digg this Article furl this Article Add this Article to Reddit Add this Article to Technorati Add this Article to Newsvine Add this Article to Windows Live Add this Article to Yahoo Add this Article to StumbleUpon Add this Article to BlinkLists Add this Article to Spurl Add this Article to Google Add this Article to Ask Add this Article to Squidoo
LawProfessor.com Exclusive

After the Enron scandal several years back, business law has had to deal with the fallout of some business behaviors that became apparent. The corporate world was shaken to its core and forced to re-examine its policies and procedures and in fact, it’s very responsibility to groups who were not even shareholders.

The law of business in America has had to be modernized somewhat. The Colonial big business attitudes of profits at all costs may have been degraded by bits over the years, but this particular case crushed some of the last vestiges of its stronghold on the corporate world. No longer were profits to the shareholders of a company the main concern with disregard to responsibilities and duties elsewhere.

Fiduciary duties of top management in business have been put under the microscope and subsequently been made a higher priority. This means that besides protecting the assets and profits of the business for the shareholders, there must also exist due care and responsibility to other matters of public interest. These matters have been listed as:

· The Environment
· Human Rights
· Public Health and Safety
· The Welfare of the Community
· Employee Dignity

While the matter of incorporating these matters into business law may not be finished yet, the business world and top executives in particular have had to sit up and take notice of what is going to be expected of them from now on.

The world of big business must now ensure that they are their own watchdogs within their organizations to some degree. They are to be aware of how their business dealings affect these other groups and take some responsibility for that. They must be weary of deals that will increase their profits at the expense of these groups. This is indeed the last crumbling wall of the colonial (now American) exploitative spirit.

One of the biggest effects on corporate America is the need for business lawyers who can help guide them through this new world of restrictions that threaten to make them vulnerable. They are under scrutiny and they need the expertise of lawyers to help them develop new policies and new ways to define their responsibilities as part of the community. Especially now that this new code for business responsibility at the top of the ranks is forming and developing, any big business will not want to risk falling behind in conforming to these new expectations.

While Enron may be a big example, all businesses must take heed of the new credo. Business at the expense of humans, environment is not acceptable. Executives hiding behind the almighty “making a buck for my shareholders” must remember that they are now also responsible to the community at large.

Business lawyers are in demand now and they will continue to be for some time. They are needed in helping the business world meet their responsibilities in a much better way.

More Special offers:
Student Loans | Legal Forms | Student Credit Cards | Low Interest Credit Cards
Most Recent Article Additions to LawProfessor.com:

Legal Disclaimer: The information contained in this Web site LawProfessor.com is provided as a service, and does not constitute legal advice or establish an attorney client relationship. LawProfessor.com makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this web site feature and its associated sites. Nothing provided herein should be used as a substitute for the advice of your own counsel.
Privacy Policy | Impulse Tickets.com | LetsGetCredit.com
Copyright © 2007-2011 Lawprofessor.com a subsidiary of Boxing Inisder LLC. All rights Reserved