The consequences for board members of corporations found to violate the law and ethical norms are rare and usually minor.
Once-leading firms such as Chrysler, Citigroup, Dunlop and Nokia have one thing in common: they failed. While each case seems unique, research points to key processes that lead to corporate failures.
Steinhoff was the darling of investors, asset managers, analysts and financial journalists. But its success was built on shaky foundations.
Enron stands as one of the most infamous scandals in business history. With a growing charter school sector and lax regulation, the same kind of corruption and fraud is rearing its ugly head.
Ethical dilemmas arise not because someone did not know the ethical rules. Instead, they arise when individuals are unable to identify the relevant ethical principle at the time of crisis.
The bank's recent scandal probably would never have happened had senior management only listened to Wells Fargo's whistleblowers.
Society needs intelligent and mature leaders. Acquiring such skills is a lifelong process.
Employers still love a smart MBA graduate, but business schools are increasingly accused of not meeting the needs of a changing market.
Surveys show that 95% of high school students and 70% of college students are involved in some form of cheating.
A new study may explain why corporate managers, like those in the Enron scandal, lie about their companies’ earnings, even…