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.

Why Conflicts of Interest and Abuse of Information Asymmetry are Keys to Lack of Integrity and What Should Be Done about it

Why Conflicts of Interest and Abuse of Information Asymmetry are Keys to Lack of Integrity and What Should Be Done about it

Why conflicts of interest and abuse of information asymmetry are keys to lack of integrity and what should be done about it
Norman E.Bowie

For many years we have lectured the world about the success of our capitalist/democratic system. More specifically, the United States has bragged about its transparency and honesty. And during the mid and late ‘90s, its rhetoric was backed with apparent financial success. In 2001, U.S. superiority was severely challenged. The United States inaugurated a president who did not win the popular vote and whose victory in the electoral college (an embarrassing relic) was itself contested and ultimately decided by the Supreme ...

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