Viewing 0 reply threads
  • Author
    Posts
    • #7930
      Tina NgoTina Ngo
      Participant

      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.
      0
Viewing 0 reply threads
  • You must be logged in to reply to this topic.

“I thoroughly enjoyed the Good Governance Matters course offered by Co-operatives First. The course provided a solid background on governance generally and specific examples of good governance practices in co-operatives. It is uncommon to find governance training specific to co-operatives so this was refreshing.”

Janet Taylor (Corporate Secretary)

Libro Credit Union

“The Good Governance Matters Course was a valuable course. I shared it with the [Arctic Co-operatives Limited] Senior Leadership Team. If it ever comes up again, I highly recommend others to take it.”

Mary Nirlungayuk (Corporate Secretary and Vice-President, Corporate Services)

Arctic Co-operatives Limited

“The online course, Good Governance Matters was very informative, easy to navigate and discussed issues relevant to our needs as a Board of Directors. This course is a great tool for boards to build their knowledge to become strong, strategic boards.”

Lori Sanders (President)

Sherwood Co-op

“This course has greatly increased my understanding of what good governance could/should look like and how each part (boards, management, members) plays a vital role in the co-operative’s success.”

2017 PARTICIPANT

“This course was highly enjoyable, and relevant to working in not only the co-op space, but with any group that needs to make decisions.”

2017 PARTICIPANT