The ethical and legal scandals at Enron, WorldCom, Tyco and many other businesses in the United States, Europe and Asia have shaken people’s confidence in business. Corporate Integrity and Accountability seeks to address questions of corporate integrity as they arise for financial reporting, executive compensation, globalization, and business ethics itself. The chapters are the product of leading business ethicists—both academic and practitioner—in the U.S. and Europe, resulting in the application of different methodologies, sources, and forms of argument. This gives the reader a sense not only of the complexity of some of the ethical issues business faces, but also the richness of the various resources that are available to address these issues.

Is Corruption Always Corrupt?

Is Corruption Always Corrupt?

Is corruption always corrupt?

A tremendous amount of attention has been paid during this past decade to the topic of corruption and to the role that businesses play in corruption (Naim, 1995). The United States in 1977, of course, was the first major nation to make it illegal for a business to bribe foreign officials. But the member countries of the OECD recently pledged to enact legislation that similarly makes it a crime for a business to pay a bribe to a foreign official. Other regional groups of countries have adopted similar resolutions. In addition, both the World Bank and the International Monetary Fund, as well as several other regional financial institutions, have adopted regulations that prohibit companies that pay bribes from ...

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