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Corporate Compliance Benchmarking 4

Corporate compliance Benchmarking

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Title: Corporate compliance Benchmarking

Essay Details:

Subject: Business

Author: Kevin G

Date: September 19, 2011

Level: University

Grade: A

Length: 2 / 562

Essay text:

Tanzi’s status only compounded the shock when the giant food company filed for bankruptcy in December of 2003. To date, this was the largest bankruptcy filing in European and American history. The Parmalat scandal exposed the dirty sub-structure of the global financial system, with unforeseeable financial as well as political consequences (Celani, 2004). Revelations surfaced regarding monies in excess of $8-12 billion being unaccounted for or presumed missing. Parmalat then further created suspicion after rumors began to swirl that it would be unable to repay bond issues that were outstanding $187 million (Capital Confirmation, 2008)...

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