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Integrity - use of values or principles to guide action in the situation at hand.

Below are links and discussion related to the values of freedom, hope, trust, privacy, responsibility, safety, and well-being, within business and government situations arising in the areas of security, privacy, technology, corporate governance, sustainability, and CSR.

Business Ethics Research - , 19.5.05


Corporate Fraud on Trial: What Have We Learned?

The high-profile corporate scandals involving former WorldCom CEO Bernie Ebbers and former Tyco CEO Dennis Kozlowski are back in the news, refocusing attention on corporate fraud and inviting such questions as: What has changed since these allegations emerged a few years back? And will the criminal trials of these two men, under way this week, serve as a deterrent to other high-profile executives who might be tempted to forget the rules of fair play in corporate America?

Some observers caution that it’s a little early to determine whether the most recent round of corporate reform efforts -- primarily the Sarbanes-Oxley Act, passed by Congress in 2002 and designed to increase corporate transparency and safeguards for investors -- will have much impact on America’s executive suites and board rooms. Moreover, says Wharton legal studies professor Thomas Donaldson, there are limits to the compliance approach to ethics. “Corporate governance is a hot topic, but we are overly optimistic about what corporate governance can do.” Simply rearranging the chairs at the higher echelons of a company, he adds, will not prevent the types of fraud that have occurred over the past several years. Penn law school professor David Skeel agrees. “To the extent that we think we can head off the next round of scandals -- think that if we just get these cases right it won’t happen again -- we’re kidding ourselves.”


The “big truth,” says Donaldson, “is that there is only so much we can gain from corporate compliance programs and corporate governance.” Or, as Skeel puts it: “The devious behavior of men and women knows no bounds.”


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"We shall need compromises in the days ahead, to be sure. But these will be, or should be, compromises of issues, not principles. We can compromise our political positions, but not ourselves. We can resolve the clash of interests without conceding our ideals. And even the necessity for the right kind of compromise does not eliminate the need for those idealists and reformers who keep our compromises moving ahead, who prevent all political situations from meeting the description supplied by Shaw: "smirched with compromise, rotted with opportunism, mildewed by expedience, stretched out of shape with wirepulling and putrefied with permeation.
Compromise need not mean cowardice. .."

John Fitzgerald Kennedy, "Profiles in Courage"


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