Ethics, governance and risk management: Lessons from mirror group newspapers and barings bank [Book Review]

Journal of Business Ethics 52 (3):257-266 (2004)
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Abstract

While corporate failures, such as Enron and WorldCom, have focused attention on issues of business ethics, corporate governance and risk management, there is nothing intrinsically new in the reasons behind their collapse. Neither is there anything fresh in the media's rush to identify a scapegoat. An examination of the financial collapse of Mirror Group Newspapers and Barings Bank, demonstrates failures within both these companies' corporate cultures and management systems, which allowed, if not encouraged, unethical behaviour by key individuals. It is argued that a combination of legislation, regulation, effective risk management and appropriate sanctions are needed, if such unethical behaviour, and resulting corporate failure, is to be prevented in future.

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References found in this work

Ethics from the top: Top management and ethical business.Doris Schroeder - 2002 - Business Ethics, the Environment and Responsibility 11 (3):260–267.
Integrated risk management and global business ethics.Alejo Jose´ Sison - 2000 - Business Ethics, the Environment and Responsibility 9 (4):288–295.
Business dilemmas: ethical decision-making in business.A. Cadbury - 2002 - In Chris Megone & Simon J. Robinson, Case histories in business ethics. New York: Routledge. pp. 9--22.

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