Introduction In July of 1996, Sunbeam Corporation hired Albert J. ... The Board did not exercise proper prudence while hiring Dunlap. ... Had the Board of Directors spoke with Nitec Paper Corp before hiring the Dunlap, the scandal could have been avoided. ... The Board of Directors should also implement policies for whistle-blowing and give employees clear communication channels for reporting unethical behavior. ... This way, questionable accounting practices can be recognized by the Board. ...

• Word Count: 1336
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School