The Morality of Whistle-blowing

When Should an Employee Blow the Whistle? Last July was the fifth year anniversary of the enactment of the Dodd-Frank Financial Reform Act, which has transformed the legal landscape for whistleblowers. The law owes its impact to strong anti-retaliation provisions, effective financial incentives to employees who come forward and federal... Read more →

Volkswagen Pollutes Workplace Ethics

Corporate Irresponsibility at its worse: The VW Scandal As you know by now, US regulators found Volkswagen put in software that turned on emissions controls to read out less emissions when their cars were being tested. Some 11 million vehicles worldwide are affected by the scandal. I have previously blogged... Read more →

Living by ethical values in the workplace

We are what we do and how we handle ethical conflict Acting in accordance with company values in the workplace is the key component in developing an ethical organization culture. If organization sets an ethical tone from the top on down, then workers should do whatever it takes to act... Read more →

Creating an Ethical Culture in Business

Good Ethics is Good for Business Every company should create a culture of ethics. If the senior leadership ignores or downplays a culture of ethics, they have created barriers to ethical behavior and opened the door to ethical dissonance, a situation where an individual’s ethics is at a higher level... Read more →

ITT/ESI Fraud Investigated by the SEC

False Promises of Jobs and Student Loan Defaults are Ethical Concerns Perhaps you heard that ITT Educational Services, Inc (ESI) is involved in an enforcement action with the SEC. The SEC has taken issue with ESI's handling and disclosure of complex accounting issues that arose several years ago and disclosures... Read more →

Tax Fraud on the Rise: Surprise, Surprise

IRS Paid $5.8 Billion in Fraudulent Refunds I recently read that the IRS paid $5.8 Billion in fraudulent refunds from 2011 through October 2014. Over time, the IRS has stopped 19 million suspicious tax returns and protected more than $63 billion in fraudulent refunds. This past tax filing season identified... Read more →

Ernst & Young Settles Lehman Lawsuit

Has the Financial Services Industry Learned its Lesson? On September 10, 2008, one day after Lehman Brothers Holdings Inc. stock lost nearly half its value amidst investor concerns about the firm’s ability to raise capital in the aftermath of an accounting fraud, the investment bank reported an expected quarterly loss... Read more →

The Ethics of Whistle-Blowing and Employment Confidentiality Agreements

SEC Agreement with KBR over treatment of Whistle-blower Strengthens Dodd-Frank Whistle-blowing has become a more accepted practice in business in order to stem the tide of financial fraud and other criminal offenses by corporations in the aftermath of the passage of the Dodd-Frank Financial Reform Act by Congress in 2010.... Read more →

Are we headed for another period of Financial Scandals?

Using the Giving ‘Voice to Values’ Approach to teaching Ethics to College Students I fear that another scandal in business may be just around the corner. A federal regulator recently said increased risk is creeping back into the financial system, warning in a report that U.S. banks are relaxing loan-underwriting... Read more →

Gender Representation on Company Boards of Directors

Should Women have a more prominent role as CFOs? Women should be given a more prominent role to play in top management especially when it comes to the CFO position. That is the proposition I am putting forth in this blog. If we take a look at the organizational structure... Read more →