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      Tina NgoTina Ngo

      What was the fundamental problem that led to the failure of Arthur Andersen?
      -Failure to uphold the Company’s core value. Short-term profit gain took president over long-term success.

      Who was responsible for this problem?
      – The Board and the shareholders forgot the fundamental reason why the business was successful and the foundation it was built upon. There’s no one person responsible for this, but the culture has shifted and the company lost its vision.

      What governance decisions could have been made differently to change the outcome of this case?

      – More training, building a stronger culture within the company and ensure the vision is being communicated effectively so the board, owners, and employees don’t loose sight of why they exist.

      What does the the Arthur Andersen case highlight about broader challenges in corporate governance?
      – Sometimes growing the company and increasing shareholder values in the short-term blinded the Company from consider the long-term sustainability. The company’s lack of a vision, poor governance, and greed can ruin a company reputation.

      • This topic was modified 1 year ago by Tina NgoTina Ngo.
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