Ethics Governance
Ethics & Governance - Resources and Articles |
| Articles indexes: a | b | c | d | e | f | g | h | i | j | k | l | m | n | o | p | q | r | s | t | u | v | w | x | y | z | other | |
|
|
| Article - Abstract. To view full article click on the article title. | |
EPIC Online| Reflections on the place of values in ethics and policy Now the big news is the collapse of global stock indices following the Enron, Worldcom, and other disclosures and restatements. In and of themselves, these events, though sobering, do not warrant much in the way of reflection, in my view. Judging by the inquiries I receive on these pages, however, they remain on many visitors' minds. So, what do they bring to my mind? First and foremost is a question, Where was the ethics industry? Many of the best and brightest minds in the ethics industry are being quoted almost daily as to how irresponsible, if not vicious, executive management and corporate boards have been. They should not have waived conflict of interest provisions. Boards should never waive conflict of interest provisions. They should be punished. They should be punished more. They should "walk the talk" and "codes are not enough" and other such cliches that pass for wisdom. Curiously absent, though, is any language of the "I told you so" variety. Now this may just be good taste on the part of well-intentioned people, but I suspect it is largely because the ethics industry did not aggressively push for executives and boards of directors to be active participants in ethics and compliance programs. For most ethics and compliance programs, the program look is down. That is, many, if not most, ethics and compliance programs are largely for purposes of risk reduction and crowd control. Full Article: http://www.ethicaledge.com/enron.html |
|
2006 Ethics-Governance.com |
|||