| Category | Report | Subject | Law |
|---|---|---|---|
| University | Manchester Metropolitan University | Module Title | 5K4Z1008 Governance Ethics and Law |
The term corporate governance can be described as the processes followed for controlling the companies. Audit failure can be considered a crucial part of corporate governance. Corporate scandals detrimentally impact the Corporate Social Responsibility of a company. Corporate Social responsibility is implemented by a company to positively impact the perspective of people towards it creating a strong social reputation (Stojanovic, et al., 2020). The Corporate Scandal examples of the MNCs that are considered here are the Volkswagen emission scandal in Germany in 2015, the BHS pension deficit scandal in 2016, and the financial fraudulent activities of Wirecard in Germany in 2020. The term Corporate Governance can be defined as the process by which the corporate companies are governed so that they can achieve their objectives. Lastly, it can be concluded that this complete report is based on the impact of corporate scandals on shareholders and the corporate social responsibility of the companies.
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