Academics discuss how to instil integrity beyond regulation
Much has been written about the ethical causes of the latest financial crisis. Now it’s time to learn from it and build the ethical foundations for banking and the financial system to avoid tripping over the same stone.
This was one of the topics raised over two days at IESE´s biennial, 18th International Symposium on Ethics, Business and Society. With a major focus on the need for an ethical rearmament of banking, the symposium also gave centre stage to the areas of transparency in accounting and responsible investment.
Ethics beyond regulation
The banking system was the first topic to be tackled by Domènec Melé, Chairperson of the Symposium and professor in the Department of Business Ethics as well as Chair of Business Ethics at IESE. "Was the collapse of Lehman Brothers really a mere technical fault with no ethical content?" he asked. It would be absurd to think so. There is always an ethical dimension to any human activity, he said. Ethics, as many speakers were to agree, is the "softer" side to the technical collapse of the banking system.
See full Details: http://www.iese.edu/en/about-iese/news-media/news/2014/july/time-for-an-ethical-rewiring-of-banking-and-finance/
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