Arthur Andersen Scandal: Ethical Failures and New Framework Proposal

This presentation analyzes the Arthur Andersen scandal, focusing on the ethical failures that contributed to its downfall. It begins by establishing the importance of business ethics and provides an overview of Arthur Andersen's history and the Enron scandal, highlighting the corporation's unethical practices. The presentation discusses the challenges associated with the use of business ethics, including ignorance, indifference, and inadequate regulations. It then explores the philosophical foundations of ethical conduct, contrasting utilitarianism and Kantianism, and demonstrating how Arthur Andersen disregarded the utilitarianism theory. A new ethical framework is proposed, emphasizing transparency, fairness, and accountability, with a focus on maximizing stakeholder interests. The presentation concludes by critically analyzing the proposed framework and discussing the benefits it would offer to Arthur Andersen, such as improved brand image and avoidance of future scandals. This presentation demonstrates critical thinking and original insights, showcasing an understanding of module concepts and proposing a new framework to enhance responsibility and accountability.