Business ethics as risk management

Essay specific features

 

Issue:

Business

 

Written by:

Melissa M

 

Date added:

March 21, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

8 / 2001

 

Was viewed:

2326 times

 

Rating of current essay:

 
Essay content:

Largely absent from regulatory and (until recently) investor responses to this has been a consideration of business ethics. As the collapse of Enron demonstrated, all the correct oversight structures of an independent board and corporate governance charters cannot compensate for the lack of an ethical corporate culture...
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Both inquiries looked beyond mere legal boundaries on company behaviour, to wonder if all the costs and reputation damage could have been avoided by (in Justice Neville Owen's words) someone asking 'is this right?' Why has the issue of business ethics not received more systematic attention from business and investor groups? One explanation could be that ethics is a contentious subject that overlaps, sometimes uneasily, with questions of law...
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