Sunday, June 05, 2011

IMF principles and principals drifting apart


AT THE International Monetary Fund, there is one set of ethical guidelines for the rank-and-file staff and another for the 24 elite executive directors who oversee the powerful organisation.

Over the past four years, the fund has tightened internal systems for catching ethical misconduct among its 2400 staff members, establishing a telephone hotline for complaints like harassment, publishing details of complaints in an annual report and empowering an ethics adviser to pursue allegations, which last year led to at least one dismissal.

See full Article.