With all of the adjustments companies and their workforces have had to make during the pandemic, more employees feel pressured to cut corners and bend the rules. That’s according to the 2021 Global Business Ethics Survey Report from the Ethics & Compliance Initiative, which found that employee pressure to compromise ethical standards has reached the…
Tag: ethics
Trump, the Coup, and Corporate Ethics – Radical Compliance
Corporate America might be hoping that the difficult issues raised by President Trump’s attempted coup this week and the remaining days of his term will somehow pass them by. Too bad. What Trump has unleashed isn’t something businesses will be able to avoid. In several practical ways, dealing with Trump and his minions — both…
Corporate Law for Good People
A new paper by Yuval Feldman, Adi Libson, and Gideon Parchomovsky concludes that “good” behavior First, it exposes potential ethical blind-spots in which wrongdoing by ‘good people’ might be far more prevalent than previously assumed and conventional corporate governance does not address. Second, it suggests novel corporate governance interventions supported by behavioral ethics to address…
5 Signs Your Organization Might Be Headed for an Ethics Scandal
Alison Taylor has an insightful piece in the Harvard Business Review with important red flags to indicate that executives and directors may be at risk for ethical violations. She says that rather than a “rotten apple” model, “we see a “tone at the top” underpinned by widespread willful blindness, toxic incentives, and mechanisms that deflect…
Steven Cohen raises eyebrows by using auditor to sell fund assets holding up SEC settlement – MarketWatch
VEA vice chair Nell Minow is quoted in this story about Steven Cohen offloading illiquid assets to an affiliate of his accounting firm. Corporate governance expert Nell Minow, the vice chair of ValueEdge Advisors, told MarketWatch “Steven Cohen had one job: to stay squeaky clean until he could get permission to manage outside money again….
PwC’s Strategy&: CEOs Increasingly Fired for Ethical Violations
VEA Vice Chair Nell Minow writes in Huffington Post: PwC’s Strategy& released its annual CEO Success Study on Sunday, May 14, 2017. This year’s study explores the rise in the number of CEOs at the world’s 2,500 largest companies who were dismissed from their posts due to ethical lapses. As companies like FOX, United, Wells…
The World’s Most Ethical Companies 2017
Through its ethics survey, Ethisphere evaluates firms on five criteria, which roll up into a single Ethics Quotient (EQ) score. The first and most important topic is a company’s ethics and compliance program, which accounts for 35% of the EQ. Firms must answer questions like whether they track gifts received by employees and what resources…
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