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Two big ethical problems that can be hard to prevent and address if they happen in business in my experience are: - Unethical person is critical to survival of
by nibsfour 8y ago
Two big ethical problems that can be hard to prevent and address if they happen in business in my experience are:
- Unethical person is critical to survival of company. Do you fire them or not? (and it's clear they won't change).
- Big company doing gray area things (say, anti-competitive policies or attitudes) where most or all individuals are acting ethically. Are there any viable options other than full on whistle-blow or silence? (that actually work?).
- bigger_cheese 8y agoFor 2) In Australia where I am from there are a number of Industry watchdogs such as ACCC (Competition and Consumer Commission), ASIC (Securities and Investment), ABCC (Building and Construction). The ACCC for example investigates Anti-competitive behavior and has the ability to levy fines etc. This is somewhat topical at the moment in the wake of ongoing banking Royal Commission which has turned up huge ethical breaches in the banking and finance sector (Interest rate rigging, fraudulent lending, Cartel behavior etc). There have been some editorials recently about perceived toothlessness of ASIC failing to go after the perpetrators with full weight of penalties available (for instance editorial here: http://www.abc.net.au/news/2018-06-04/crime-as-misdemeanours-tale-of-two-law-enforcement-agencies/9830742 http://www.abc.net.au/news/2018-06-04/crime-as-misdemeanours... ) I think US equivalent would be something like SEC but I'm not sure if they have a consumer competition focused watchdog like ACCC that goes after anti-competitive behavior.