The 2021 Ethics in Business Summit featuring Andy Fastow, former CFO, Enron Corporation.
Attendees will learn how businesses are dealing with moral dilemmas and how the pandemic is impacting employee mental health. They will also discover coping strategies to improve morale, productivity, and job satisfaction.
The Ethics in Business Summit inspires good business ethics to promote positive mental health in employees, their families, and their communities. Event proceeds provide access to mental health services in northeast Wisconsin.
“The summit is an opportunity for business leaders to not only strengthen their ethical business practices and learn from other leaders, but also strengthen mental health care in our community,” said Rosangela Berbert, Samaritan Counseling Center executive director. “The Ethics in Business Summit emphasizes the idea that workplace practices impact employees’ mental health and productivity, which has the potential to make our entire community stronger.”
Several partners committed to ethics already have invested in the event: American National Bank, Bergstrom, Boldt, Community First Credit Union, Fox Valley Technical College, Jewelers Mutual, Johnson Financial Group, Oshkosh Corporation, Sure-Dry, and Remley Law S.C.
The Fox Valley Ethics in Business Summit fosters a culture of integrity at work and in our community. Participants will demonstrate their commitment to ethical best practices. They also will explore with fellow leaders how to set the ethical tone from the top.
Fastow was the Chief Financial Officer of Enron Corp. from 1998 – 2001. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. He completed his sentence in 2011. Since his release from prison, Andy has been a guest lecturer at universities and corporations, and at conferences for management, corporate directors, attorneys, accountants, and certified fraud examiners.
When is it acceptable to engage in a transaction that technically complies with the rules, but that may be misleading? Can a transaction that technically complies with the rules be considered unethical or illegal? Is it ever appropriate to depart from GAAP or IFRS? Andy will cite examples of such transactions at major companies, he will discuss the rationalizations made by executives to justify their decisions, and he will discuss examples of how these decisions can cause great harm to stakeholders.