As the 2007-08 financial crisis gets relegated to history, one is left to ponder whether the right lessons have actually been learned. Have the major flaws in the global financial system been remedied, or have we merely postponed another, potentially much larger crisis?
In his latest paper, IESE Prof. Antonio Argandoña asserts that the financial crisis can be attributed, in large part, to ethical failings at the personal, organizational and societal level.
As is now common knowledge, organizations and their representatives, particularly at the board and senior management levels, got involved in some highly dubious, and in some cases downright illegal, financial practices.
See full Article.
Friday, August 31, 2012
Rebuilding the Economy on Ethical Grounds
As the 2007-08 financial crisis gets relegated to history, one is left to ponder whether the right lessons have actually been learned. Have the major flaws in the global financial system been remedied, or have we merely postponed another, potentially much larger crisis?
In his latest paper, IESE Prof. Antonio Argandoña asserts that the financial crisis can be attributed, in large part, to ethical failings at the personal, organizational and societal level.
As is now common knowledge, organizations and their representatives, particularly at the board and senior management levels, got involved in some highly dubious, and in some cases downright illegal, financial practices.
See full Article.
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