Tyco Scandal Tyco International Was Term Paper

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" (Cummins, 2006). The VP for Corporate Governance, Pillmore announced a series of ethical principles, to prevent such scandals. The first principle "calls for strong leaders who see themselves as stewards of the company and mentors for its future leaders." (Cummins, 2006). The second principle is to establish a "web of accountability," where corporate leaders are constantly questioned about ethics-based decisions. (Cummins, 2006). The third principle is to investigate actual behavior, which Tyco does by "including company values in every assessment of managers and leaders," as well as creating an open atmosphere for reporting ethical problems. (Cummins, 2006). In fact, ethics expert Stuart Gillman, discussing ethics changes, notices that "many of the recent measures go beyond fixing lists of right and wrong. Cultural change has become an imperitive. Organizations are being forced to move from a position in which they maximize their profits at any cost to one in which they protect the interests of stockholders, employees, and others.

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" (Gillman, 2004).

Works Referenced

Cummins, H.J. (2006). Tyco exec makes the rounds spreading the word on corporate ethics.

Retrieved January 16, 2008 from StarTribune.com

Web site: http://www.startribune.com/lifestyle/faith/11327571.html

Gilman, S. (2004). The importance of workplace ethics. Retrieved January 16, 2008 from Edicta.org

Web site: www.edicta.org/NeoethicsBucklin/Authors/Gilman/0404GilmanEd.pdf

Obringer, L. (2008). Case study: Tyco. How cooking the books works. Retrieved January 15, 2008 from How Stuff Works

Web site: http://money.howstuffworks.com/cooking-books9.htm

Symonds, W. (2002). Behind Tyco's accounting alchemy. Retrieved January 16, 2008 from BusinessWeek

Web site: http://www.businessweek.com/magazine/content/02_08/b3771062.htm

USA Today. (2005). Timeline of the Tyco International scandal. Retrieved January 16, 2008 from USA Today….....

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