Building and Maintaining Ethical Culture in Business
Written by Debra Shapiro
Corporate malfeasance wreaks devastating losses (e.g., job-loss, loss of health care, loss of career-long savings, and more) for countless victims, which include consumers and investors in addition to corporations’ employees. This was vividly demonstrated by the collapse of Enron, Worldcom, Arthur Andersen, and Theranos, among others, after fraudulent practices by these corporations’ employees got exposed. Understanding how to prevent employees from behaving unethically is thus a matter of, both, practical and theoretical importance.