In today’s world, business leaders talk a lot about ‘ethics’ and ‘values’. When speaking publicly about their organizations, they will usually stress the important role of corporate values in the success of their organisation. To be fair, a lot of efforts have been undertaken around the world to develop ‘values statements’ as well as to translate these moral principles into rules of conducts formalised into codes that are supposed to guide the behaviour Continue Reading…
Archives For Ethics
I would like to recommend a new Textbook recently published by WILEY under the title: ‘ERM – Enterprise Risk Management: Issues & Cases‘. While there are already many textbooks, guides and references available for ERM practitioners, this book is particularly interesting because it aims to provide a different and fruitful perspective not often covered in other publications by Continue Reading…
Whenever a large and well-know organization run into troubles, we often hear in the news and read in the investigations reports that there is a “problem” with Corporate Governance, or that more precisely the corporate governance system was somehow “WEAK” in the organization under scrutiny allowing greed and self-interests to go on unrestrained. The suggestion is often that more rules and controls are “needed to prevent this from happening again”. Continue Reading…
When someone does something unethical or even criminal to others, there is a natural tendency to blame the character of that individual and to take comfort in the view that he must just be a “bad apple”. However this would ignore that human behavior is also influenced by powerful environmental/contextual forces. Continue Reading…
The Fraud Risk
With so many fraud cases making the news headlines on a regular basis, the economic and social impact of fraudulent behaviors cannot no longer be downplayed by governments and organizations. The question is, what can be done to deal with this issue effectively. First we need clarify what we are talking about Continue Reading…
Risk Management Demystified 