The Morning Risk Report: Importance of Internal Ears, in The Wall Street Journal “A report Target Corp. failed to heed warnings from some of its employees about payment systems two months before they were hacked shows the importance of listening to employees, customers or anyone who raises a legitimate warning flag–and the dangers of what […]
Image via Wikimedia Commons. Academic research necessarily focuses on the outer rings. Our goal is to condense much of that into the middle. “Some of the smartest thinkers on problems at home and around the world are university professors, but most of them just don’t matter in today’s great debates.” So began Nicholas Kristof’s column […]
The Morning Risk Report: One Way to Win Board Ballots–Ban Opponents, in The Wall Street Journal Activist investors and shareholder advisors are opposing new bylaws that prevent dissident director candidates from standing for election. These bylaws would protect incumbents by disqualifying director candidates who receive compensation or expense reimbursement for their candidacy, even if they are […]
Survey: Workplace Misconduct at Historic Low, from the Ethics Resource Center In case you missed our previous blog post, the 2013 National Business Ethics Survey came out last week, with fairly encouraging results. Sampling over 6,400 workers across the country, the report found that 41% of those surveyed said they have observed misconduct on the job, […]
On February 4 the Ethics Resource Center released the latest National Business Ethics Survey (NBES). Sampling over 6,400 workers across the country, the report found that 41% of those surveyed said they have observed misconduct on the job, down from 55% in 2007. Pressure to compromise standards also fell to 9% from 13% in 2011. […]
Switch: How to Change Things When Change Is Hard by Chip Heath and Dan Heath Crown Business, 1st Ed. (2010) (public library) Summarized by Jennifer Fang Overview Change is difficult, or so most people believe. Switch identifies the crucial factors in effecting lasting changes for both individuals and organizations. Dan and Chip Heath draw on […]
Press Release: ECOA to Offer Unique Global Law Distance-Learning Course Tailored for E&C Practitioners The Ethics & Compliance Officer Association will offer a first-of-its-kind online professional development course serving the ethics and compliance field: ECOA Global Law. Ethical Systems contributor Jeff Kaplan led the development of the seven-week program, which will begin on April 8. The course […]
The Value of Corporate Culture, in The Harvard Law School Forum on Corporate Governance and Financial Regulation The authors discuss their recent NBER working paper, in which they find that “high levels of perceived integrity are positively correlated with good outcomes, in terms of higher productivity, profitability, better industrial relations, and higher level of attractiveness […]
For the Love of Money, in The New York Times A former hedge fund trader shares his personal experience of how the “wealth addiction” that afflicts much of Wall Street creates “a toxic culture that encourages the grandiosity of people who are desperately trying to feel powerful.” An ethically designed organization should make employees feel rewarded […]
The Lucifer Effect: Understanding How Good People Turn Evil by Philip Zimbardo Random House Publishing Group, 1st Ed. Reprint (2008) (public library) Summarized by Joshua Elle Overview In a compelling story of his own life’s journey, Phil Zimbardo juxtaposes his famous Stanford Prison Experiment (SPE) and the equally famous Milgram experiment on obedience to authority […]
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