Global and local corporate scandals plagued the early 2000s, with Enron, Tyco, and WorldCom becoming notorious. The 2008 financial crisis bred Libor rate-fixing and other cases of serious misconduct. Loss-hiding at Japan's Olympus Corporation was exposed in 2011. In 2013, Shell, BP, Statoil and others came under investigation by the EU Commission for supposed oil price rigging. Fined, sued, disgraced and sometimes collapsed, the consequences for organizations can be dire.

Question : With reference to any examples of your choice, discuss the causes to corporate scandals or crises and discuss the role played by the management in contributing to these scandals.(30)