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Role of government in irresponsible behavior of corporates

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After the Enron, WorldCom, Arthur Anderson fiascos, and the effects that such major failures continue to have on the public trust everywhere, many advocate for an expanded role of the government in taming and controlling irresponsible management behavior, As an expert economist, members of Congress have asked you, speaking strictly from an exonomic and/or financial viewpoint (and not a political/social one) should the government have and expanded role: Why or why not? (2 to 3 paragraphs) In your response, make sure you address the role of the SEC and other regulatory/enforcement agencies.

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In my opinion, government should definately play an expanded role in taming and controlling inrresponsible management behavior.

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In my opinion, government should definately play an expanded role in taming and controlling inrresponsible management behavior. But the expanded role should not come at the expense of autonomy of regulatory institutions like SEC. SEC and other regulatory institutions ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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