Case: Nortel Networks Corporation: Ethical missteps.

1. Please describe the ethical breach that was entered into by leadership at Nortel.
2. Using the three components of the Fraud Triangle to evaluate the actions of the leadership.
3. Describe how the tone at the top contributed to this fraudulent activity.
4. How did the Audit Committee and Board fail in their responsibilities?
5. Describe how various stakeholders (employees, stockholders, and the community) would have been affected by the actions of those in leadership.