Thursday, January 18, 2007

Trust and integrity – Is business ethics a lost cause?

ohn Plender, Financial Times columnist and co-author of a new book on finance and ethics, makes a compelling economic case for continuing the fight for good business behaviour While European business can learn about good ethics from the United States, EU executives can also take much from American errors, John Plender told Ethical Corporation’s Sustainable Finance Summit in November.

Making a keynote speech at the London conference, which covered a wide range of ethical finance issues, Plender began by reflecting on recent events in the world of US business ethics: Enron, Tyco, Global Crossing, WorldCom, stock options backdating scandals, Wall Street analysts peddling dud stocks and the collapse of the auditors Arthur Andersen. For many, in the light of these incidents, business ethics is an oxymoron, he said.

Trust and integrity – Is business ethics a lost cause?

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