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Week That Was in Ethical Systems, 9/23-9/29

This week we turn our focus to stories about corruption. To learn more about research in this area and related fields, see our pages on Corruption and Cheating.

Corruption Risk Index Reveals Long-Term Lack of Will to Tackle Corruption in BRICs, from Maplecroft Global Risk Analytics

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Cultural Alignment and Compliance

Mary Schapiro, former SEC Chairman from January 2009 until December 2012, remembers "a time when enforcement fines were the cost of doing business." But in August 2013, WSJ financial editor Francesco Guerrera wrote of a change in the regulatory climate: penalties for wrongdoing are getting harsher. However, steep settlements for financial institutions are not enough.

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Blind Spots Review by Jeff Kaplan

Although we plan to add a full-length book summary in the near future, lawyer and ethical systems researcher Jeff Kaplan has already written a review of Blind Spots (homepageamazon

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Week That Was in Ethical Systems, 9/16-9/22

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The Ethics of Pay for Performance

The Trouble with Wall Street, by Michael Lewis. The New Republic, February 4, 2013.

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Cultivating Conscience

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Managing Business Ethics

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Ethics Classes Don’t Need to Make Students More Ethical To Be Worthwhile

Business Ethics is often criticized on the grounds that its inclusion in the business education curriculum has not improved the ethical performance of business. This critique is grounded in two false assumptions: (1) individual and institutional ethical behavior can be measured and compared over time; and (2) ethical behavior can be taught in the classroom.

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Regulation is especially needed in the finance industry

Two interesting recent articles, from left and right, argue that the finance industry is especially in need of restraint imposed by government regulation.

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