The Wells Fargo Cross-Selling Scandal Analysis Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

When analyzing the case of Well Fargo and its consumer abuse and compliance breakdowns, one should note that the company should separate its banking business from the firm’s other enterprises. This can help individuals control sectors better and avoid claims from the FED. According to Tayan (2019), due to its colossal assets ($1.95 trillion) and expanding target market, Well Fargo needs to improve its management quality. This can be achieved by separating the company’s banking business from its other enterprises.

The principal-agent problem implies conflicts that arose when Wells Fargo’s authorized agents carried out fraudulent procedures without the company’s knowledge. The role of corporate governance is to meet management objectives that are designed to increase productivity and address different aspects of the business. Corporate culture, in turn, differs from governance in that it determines the firm’s external rather than internal relations and characteristics in the target market. Incentive systems may contribute to aligning culture with governance by encouraging high productivity through rewards. Separating Wells Fargo’s banking business from its other enterprises may help avoid fraudulent schemes and increase the transparency of work.

The presented discussion of Well Fargo’s case is complete and touches on a number of important aspects of the scandal that has arisen. The rationale for the need to separate the company’s banking business from its other enterprises is logical and supported by relevant references as credible sources. The definitions related to corporate culture and governance, incentive systems, and other terms complement the discussion comprehensively and allow assessing the manifestations of relevant governance principles from Well Fargo’s perspective. The suggested recommendations are reasonable and based on objective conclusions and sound arguments.

Reference

Tayan, B. (2019). Harvard Law School Forum on Corporate Governance.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2023, March 1). The Wells Fargo Cross-Selling Scandal Analysis. https://ivypanda.com/essays/the-wells-fargo-cross-selling-scandal-analysis/

Work Cited

"The Wells Fargo Cross-Selling Scandal Analysis." IvyPanda, 1 Mar. 2023, ivypanda.com/essays/the-wells-fargo-cross-selling-scandal-analysis/.

References

IvyPanda. (2023) 'The Wells Fargo Cross-Selling Scandal Analysis'. 1 March.

References

IvyPanda. 2023. "The Wells Fargo Cross-Selling Scandal Analysis." March 1, 2023. https://ivypanda.com/essays/the-wells-fargo-cross-selling-scandal-analysis/.

1. IvyPanda. "The Wells Fargo Cross-Selling Scandal Analysis." March 1, 2023. https://ivypanda.com/essays/the-wells-fargo-cross-selling-scandal-analysis/.


Bibliography


IvyPanda. "The Wells Fargo Cross-Selling Scandal Analysis." March 1, 2023. https://ivypanda.com/essays/the-wells-fargo-cross-selling-scandal-analysis/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
1 / 1