Harvard sample on Frauds

Proposition That Corporate Scandals and Fraud are Likely to Increase in the Future
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The Future of Corporate Scandals and Fraud
Proposition That Corporate Scandals and Fraud are Likely to Increase in the Future
The motive of every business is to generate profits by cutting on production costs and
maximizing on the limited resources available within the business. However, when the business
over maximizes profits, there is a possibility of exploitation of employees and the affiliates of
the business. This situation can eventually result in scandals and fraud with the intention to
maximize business profits or for personal gains by those running the business. Corporates are
large companies with many employees and therefore there is need to focus on the ways the
scandals and fraudulent activities can arise. This debate proposition will focus on the possibility
of the scandals and frauds in the near future.
Australia’s 7-Eleven Wage Scandal
Among the latest and big fraud is the Australia’s 7-Eleven Convenience Store that
found itself in an awkward state when the employees were exploited and underpaid. The
employees were paid a little as $10 per hour exclusion of the tax (Sivaraman and Turner, 2016).
Many of the workers were the foreign students who were only allowed by their visas to work
for 20 hours week. These show how corporates can adversely mistreat its employees and
override their welfare. They were blackmailed by the company not to report to Fair Work
Australia that they were being mistreated and underpaid. It was uncovered by the Four Corners
and Fairfax that this fraud had been going on for the past six years. This serves as a lesson to
corporates who intend to exploit their employs. It is unethical for corporate to make profits
while violating the laws intended to safeguard employees interests.
Volkswagen emission scandal
The Volkswagen emission scandal of 2015 where the United States Environmental
Protection Agency accused the Volkswagen Group (an automobile company) of intentionally
programming emission systems to activate emissions (Blackwelder, 2016). This was contrary
to their proposed laboratory tests that the diesel engines could not emit poisonous gases while
they had proved that the systems (Krall and Peng, 2015). Despite huge sales made by the
company, this was the biggest scandal in the automobile industry where the consumers were
given the unworthy value of their money. However, the company paid $ 2.8 billion fine for
cheating the government on emission tests.
Factors that Lead to Scandals and Frauds
Having looked at the two scandals it is evident that greed to make maximize profits,
lack of accountability and greed to seize the market are the deterrents to the quality welfare of
the worker. Corporates can ensure a fraud and scandal-free working environment through time
payments of the employees, adhering to the laws such as environmental regulations, following
the state laws, providing quality-working conditions for the workers, and flexible working
Mitigation Strategies to Scandals and Frauds
To achieve a reduction in corporate scandals and frauds in future, the implications for
the employers will be to offer quality-learning programs that sensitize the need to reduce
fraudulent acts. Professional development through self-evaluation, seminars, bench markings,
and team building programs should be priorities of the corporates. If such programs are
implemented, scandals and frauds will reduce in the near future. In conclusion, despite the
strategies to reduce exploitation of the employees and the stakeholders of any business, the
main purpose of the business is to make profits. It is therefore important to balance between
the welfare of the employees and the survival of the business. Fraud and scandals are likely to
increase in future due to the need of corporates to maximize their income at the expense of
their employees and the public.
Blackwelder, B., Coleman, K., Colunga-Santoyo, S., Harrison, J.S. and Wozniak, D., 2016.
The Volkswagen Scandal.
Krall, J.R. and Peng, R.D., 2015. The Volkswagen scandal: Deception, driving and
deaths. Significance, 12(6), pp.12-15.
Sivaraman, G. and Turner, P., 2016. The 7-Eleven wages scandal: The need for law
reform. Precedent (Sydney, NSW), (135), p.53.

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