Corporate Scandals
This clothing brand faced backlash for using child labor in the 1990s.
Nike
This type of behavior includes coordinating with competitors to set prices rather than letting the market decide.
Price Fixing
Ethical companies often calculate this type of “footprint” to measure environmental impact.
This federal agency enforces rules on corporate fraud, insider trading, and financial disclosure and its creation was passed in 1934.
Securities and Exchange Commission (SEC)
This energy company collapsed in 2001 due to accounting fraud, leading to stricter corporate oversight.
Enron
This behavior involves misusing company money for personal expenses or gain.
Embezzlement
BP’s oil spill in the Gulf of Mexico in 2010 is known as this disaster.
Deepwater Horizon
This act, passed in 2002 due to a scandal involving a large energy company, protects whistleblowers from retaliation and strengthens corporate accountability.
Sarbanes-Oxley Act
This health startup, led by Elizabeth Holmes, misled investors with fake blood-testing technology.
Theranos
This unethical practice involves trading a company’s stock based on confidential information.
Insider Trading
Companies planting trees, cleaning rivers, or supporting conservation projects are practicing this two-word concept involving taking care of the environment.
Environmental Stewardship
This U.S. act protects employees from retaliation when they report unsafe or illegal workplace practices.
Hint: It shares a name with the government agency it created that enforces workplace safety. The abbreviation will also be accepted.
the Occupational Safety and Health Act and/or Administration (OSHA)
This financier ran the largest Ponzi scheme in history, costing investors billions.
Bernie Madoff
Overcharging customers for goods or services, especially in an emergency situation, is called this.
Price Gouging
A company that uses recycled materials in its products and buys from environmentally friendly suppliers is engaging in this practice.
Sustainable Sourcing
What was the The Dodd-Frank Act of 2010 (a financial reform bill) passed in response to?
The 2008 financial crisis
This consulting firm was banned in India for its role in the Satyam Computer scandal.
PwC (PricewaterhouseCoopers)
This course of action pays earlier investors with money from new investors instead of real profits.
Ponzi Scheme
This international treaty has banned corporate omissions of ozone-depleting substances like CFCs since 1989.
Hint: It is named after somewhere in Canada.
The Montreal Protocol
This 1999 U.S. act limits corporate political spending and requires disclosure for the lobbying activities of companies.
Hint: All words in the name of the act are contained in this prompt.
the Lobbying Disclosure Act / Political Activity Disclosure Rules