Setting an Ethical Tone at the Top I have previously blogged about the importance of having a code of conduct for all organizations. A code of conduct establishes the ethical principles upon which the behavior of employees will be judged. It helps to distinguish right from wrong. A code provides guidelines on reporting wrongdoing, and so much […]
What Should Be Included in an Organization’s Code of Ethics? Read More »
One’s Motive for Acting is the Key Is whistleblowing a moral practice? Different views exist on this important issue. Generally, the act of whistleblowing should be motivated by good intentions – i.e., to right a wrong. On the other hand, if the motive is to gain a financial reward or retaliate against a company for
Is Whistleblowing a Moral Act? Read More »
Where Were the Regulators? The collapse of Silicon Valley Bank (SVB) and Signature Bank, and a smaller firm, Silvergate Capital Corp., reminds me of the stream of bank failures since the 1970s that have created concerns about the ability of bank officials and regulators to oversee the liquidity and risk-taking activities of banks and other
Is the Banking System Sound? The Saga of SVB Read More »
Transparency and Ethics Are the Keys to Holding the Cryptocurrency Markets Accountable? FTX was considered to be a very stable point in a very volatile world. Having them collapse or having them conduct fraudulent activity that is what’s really shocking many people and having a huge negative effect on the entire crypto world. From time
What Does the Fraud at FTX Mean for You? Read More »
THE IMPORTANCE OF WHISTLEBLOWING POLICIES In a recent study by Ethisphere it was stated that younger workers are more willing to report workplace misbehavior than workers from other generations, yet they are less likely to report it. The reason given is that they lack confidence in their employer’s anti-retaliation policies. In other words, they fear that by
WHY GEN Z IS LEAST LIKELY TO REPORT WORKPLACE MISCONDUCT Read More »
How to Spot It and What to Do About It I recently read about the popularity of online searches about “gaslighting.” Merriam-Webster chose gaslighting as its word of the year. Searches on its website for the word spiked by 1,740% in 2022, most likely driven by people who were questioning if they were being gaslit
Beware of Gaslighting in the Workplace Read More »
Fairness Dictates That Workers Should Be Paid More The size of executive compensation pay packages seems to be an issue at least once a year, after information is provided on the average CEO compensation versus the average pay for a worker. It’s not just a fairness issue. Every so often, we hear about a CEO
It’s Time to Reign in Excessive Executive Compensation Pay Packages Read More »
A Challenge for Educators Here is a bold statement. The world is going to hell in a handbasket. For many years now societies have been morphing from basically ethical, where doing the right thing guides all decisions, to one where the pursuit of self-interest and lack of caring about others is front and center. From
Why Character Education Should Be Taught Read More »
The Best Way to Measure Results of Performance in Today’s Organization Social enterprise has been a buzzword for millennials for some time now. A social enterprise is a commercial organization that has specific social objectives that serve its primary purpose. Social enterprises seek to maximize profits while maximizing benefits to society and the environment. The
Incorporating a Balanced Scorecard Approach into Social Entrepreneurship Read More »
Should We Expect Our Teaching Methods to Make Students More Ethical? There is no one answer to this question. However, research has shown that the teaching of ethics does have short-term beneficial effects but not long-term ones. This has been my experience as well. The reason is, in part, once students go to work, they
Can Ethics Be Taught to College Students? Read More »