Tyco International plc provides various security and fire safety products and services and was significantly involved in a scandal in 2002, where top executives engaged in major financial misconduct. The scandal led to a series of reforms within the company, including a restructuring of corporate governance and oversight practices. Following significant changes, Tyco has focused on improving ethics and compliance while divesting non-core businesses.

2. •Tyco International Plc provides security products and
services, fire detection and suppression products and
services and life safety products. The company's portfolio of
products and services are sold under brand names such as
Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simple
x, Grinnell, Scott and ADT. Rosenburg founded
Tyco, Inc. Tyco International Plc was formed as part of Tyco
International Ltd. Tyco International Plc was incorporated
on May 9, 2014 and is headquartered in Mahon, Ireland.
TYCO

3. The Tyco International scandal refers to the 2002
theft by former company CEO and Chairman
Dennis Kozlowski and former corporate Chief
Financial Officer Mark Swartz of as much as
$600 million from the firm. It also includes;
• The unethical leadership
• Unethical business practice of subordinates
• Questionable auditing practice on Tyco's
business

4. SOLUTIONS
Tyco's unethical problems in 2002 were
complex and required multiple solutions to
address the various issues. Some of the
solutions that Tyco implemented to address
the unethical problems include:
•Management and Board Overhaul
•Restitution and Fines
•Strengthening Corporate Governance
•Cultural Shift

5. •Evaluate the company's financial performance
•Assess the competitive landscape
•Review the company's leadership and corporate
governance practices
•Monitor industry trends and developments
•Consider any risks and challenges
RECOMMENDATION

6. The Tyco crisis of 2002 was a major incident in corporate history that brought about significant
internal reforms inside the organization and emphasized the value of good corporate
governance and moral conduct. Allegations of insider trading, accounting fraud, and lavish
spending by top executives, including CEO Dennis Kozlowski, were all part of the controversy.
Kozlowski and other top executives were forced to retire as a result of the scandal, and other
fraud suspects were charged with crimes and given prison terms. The crisis also brought
heightened focus to corporate governance procedures and emphasized how important it is for
businesses to have robust processes in place to deter unethical conduct.
Tyco International has since undergone significant changes, including a restructuring in 2007
that saw the company divest non-core businesses and focus on its core businesses in security,
fire protection, and flow control. The company has also made efforts to improve its corporate
governance practices and has implemented stronger ethical guidelines and compliance
procedures.
CONCLUSION

7. REFERENCE
• https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.financial-
dictionary.info%2Fterms%2Ftyco-international-
scandal%2Famp%2F%3Ffbclid%3DIwAR31M2Msl1pKRX1-
oslDgkKdVL9HX8zlxkmywdW96lECkc9unLBbuKF2gxI&h=AT0teXRaphfqksuu
gCXC9GJU4qjwDqXLlN6bKTNyXbgChZIbulftl7zY9GzEnBHBAXAmMLlqbMJYa
G1ubtPx1sjByNJjeIgofXHiHhd96Etqp61xZ2-otMvjk-
ClcAw77onqn7hjk0r5ZGjriG00cg
• https://l.facebook.com/l.php?u=https%3A%2F%2Fpanmore.com%2Ftyco-
corporate-scandal-2002-case-analysis%3Ffbclid%3DIwAR1p1A-
5Gnb50L4C67oFEtDPR51pPBXgQlBA_mDDKcmQ_uq_qmeDVeoMoWI&h=A
T0teXRaphfqksuugCXC9GJU4qjwDqXLlN6bKTNyXbgChZIbulftl7zY9GzEnBHB
AXAmMLlqbMJYaG1ubtPx1sjByNJjeIgofXHiHhd96Etqp61xZ2-otMvjk-
ClcAw77onqn7hjk0r5ZGjriG00cg
• https://harbert.auburn.edu/binaries/documents/center-for-ethical-
organizational-cultures/cases/tyco.pdf

8. THANK YOU!!!