摘要:本论文主要阐述了荷兰皇家壳牌集团(壳牌)在2004年之前的石油的损失情况,其减少“探明”石油和天然气储量的政策一发布便引来媒体诸多猜测与报道,而这篇论文试图调查和讨论这项政策中的各种道德义务和企业社会责任的问题。
c (Gupta, 2003). The statement made by Walter Van de Vijver, then the CEO of an important division of the company, to Phillip Watts, the Executive Chairman Managing, 'I am becoming sick and tired about lying about the extent of our reserves issues and the downward revisions that need to be done because of far too aggressive-optimistic bookings', was flashed on televisions screens and newspaper headlines across the world and showed up the management of one of the largest global oil companies to be engaged in deceit, falsehood, manipulation of information, and in misleading its investors and other stake holders (Gupta, 2003).
The report also detailed the various corporate issues that led to the reclassification of reserves and provided specific knowledge on the existence of information on possible over estimation of reserves within the company for years (Shell..., 2004).
The actions of the company in reclassifying its reserves and the publication of the report had numerous repercussions (Gupta, 2003). Disturbance in investor confidence led to the value of the shares of the company dropping by practically 7 percent (Gupta, 2003). The senior management at Shell experienced significant reorganisation, pursuant to the giving up of office by senior people like Watt and Vijver and the removal of the company's CFO from her position (Gupta, 2003).
Ethical and CSR Issues
Whilst the announcement from Shell about overestimation in its reserves led to a significant amount of financial restatement and a write down of approximately 400 million dollars from its accumulated reserves, the much larger issue of
corporate social responsibility, and the ethical responsibilities and accountability of managers of business organisations also came up for extensive debate and discussion (Gupta, 2003).
The years preceding the affair at Shell years had experienced the emergence of huge corporate frauds in organisations like Enron, WorldCom and Parmalet, which had occurred on account of extensive financial wrongdoing by the senior executives of these companies (Moore, 2004). The collapse of these companies, along with huge financial losses to thousands of investors, and the termination of numerous employee jobs had created an atmosphere of extreme mistrust in the minds of ordinary individuals of the intentions and actions of managements of large companies (Moore, 2004). Many people saw the happenings at Shell to be nothing more than a continuation of such episodes and representative of the greed, lack of responsibility and accountability, and the absence of corporate social responsibility that pervaded the top echelons of managements of contemporary business firms (Moore, 2004).
A flood of comments, in numerous media publications and television talk shows, squarely associated the managers of Shell with the high ticket fraudsters at Enron and Parmalet (Shell..., 2004). Whilst further investigations failed to establish any criminal wrongdoing on the part of members of the senior management of Shell, it came to be widely agreed by oil industry experts and financial analysts that the company had shown extraordinary aggressiveness about booking of proven oil reserves and had gone to the extent of transgressing the hazy SEC
guidelines in the regard (Shell..., 2004).
Corporate Social Responsibility (CSR) is a relatively recent construct and refers to the various r
本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。