Monthly Archives: September 2013

Rationalizing unethical behavior.

Many scandals in organizations have some noteworthy features in common. In most instances, the fraudulent acts involved employees who had the cooperation and acceptance of superiors who were upstanding community members, far removed from the prototypical image of a criminal. … Continue reading

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Unethical behaviors in common practice!

“If good ethics always was good business, only stupid people would be unethical. The ugly truth is that sometimes ethical people lose and unethical people win. That’s why success is not a reliable measure of virtue.” – Michael Josephson A … Continue reading

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Conflict of interest of Stockbrokers

A business based on commissions would always have conflicts that need to be managed? The stockbroker’s incentive is to sell you the product on which he gets the largest commission not necessarily the one that is the best investment for … Continue reading

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Governance in the Capital markets and Stock Broker frauds

Governance, ethics and values should be fundamental to the participants and service providers of a capital market. Service providers include Stock Brokers, Investment Advisors, Research Analysts, Rating agencies. A capital market runs on trust, knowledge, values and ethics. Any intent … Continue reading

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Tax avoidance ‘not a legal duty’ of Directors.

Tax avoidance was on the agenda at the G20 summit in 2013. It comes against a backdrop of criticism of tax avoidance by multinationals such as Google, Amazon and Starbucks, that costs taxpayers billions in lost revenues. The Group of … Continue reading

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The Blame Game with Auditors

The so called blame game will always exist so long as management attempt to protect themselves from accusations. A common instance of finger pointing is when a fraud is detected in the company. But prior to such an event, auditors … Continue reading

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Honesty & Transparency.

Is your company open and honest in your communication? Do you promote your staff to make decisions according to the core values of the company, or be cunning and unscrupulous.? Do you promote a consensus, by being open? These are … Continue reading

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