Are private companies more ethical than public ones?
To those in the C&E field, the notion that privately held companies could, as a group, be more ethical than publicly held ones seems implausible. After all, public companies are required by law to...
View ArticleA ray of sunshine at the end of an ethically dreary week
From the COI Blog’s perspective, the past week was dominated by two discouraging developments: - The Supreme Court’s decision in the McCutcheon case, further eroding – on free speech grounds – the...
View ArticleProsecutors, massive fines and moral hazard
Many years ago, I lived next door to a young police officer and his family who, while presumably paid a modest salary, drove a pretty expensive car. He was able to do this, I learned, because his...
View ArticleCompliance programs for the “big people”
Imagine a company where all the senior managers took compliance and ethics as seriously as they do traditional aspects of business (R&D, production, sales & marketing). In this company, not...
View ArticleMust we choose between ethics and compliance?
Ethics and compliance have long been seen by some as representing essentially inconsistent approaches to promoting desirable conduct in companies. I have never been persuaded by this oddly Manichean...
View ArticleMoral hazard: the final compliance frontier?
Moral hazard exists when there is a gap between the interests of those who can create risks and those who bear the consequences of risk taking. Moral hazard is not the same as conflict of interest, but...
View ArticleMoot compliance court for corporate directors?
In their paper, “Short-Changing Compliance,” John Armour (University of Oxford), Jeffrey N. Gordon (Columbia Law School), Geeyoung Min (Columbia Law School), argue: “Corporate compliance programs play...
View ArticleProgram assessments and moral hazard
Rebecca Walker and I hope you enjoy this article from today’s edition of Corporate Compliance Insights.
View ArticleThe moral hazard moment
For governments, business organizations and even individuals every moment might have a “moral hazard” dimension. But it would be hard to find one as potentially consequential as that presented by the...
View ArticleHave you checked your behavioral externalities?
In The Case for Adding Darwin to Behavioral Economics posted on the Ethical Systems web site, Robert H. Frank of Cornell University’s Johnson Graduate School of Management writes: I use the term...
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