Ethics and Compliance

“Business and personal ethics are no longer an integral part of global corporate cultures. The reality is that ethics has been dumbed down to mean compliance. Compliance is generally seen as a “back office,” ineffectual division of a corporation or investment bank. Managers simply don’t want to know of ethical dilemmas or failures. The new normal is to simply know just enough to stay out of courtrooms and, potentially, jail. Best practices, doing the right thing, or building lasting bonds of trust have become reduced to an idealistic goal, not the actual reality.”

The End of Ethics and A Way Back: How To Fix A Fundamentally Broken Global Financial System by Theodore Roosevelt Malloch, Jordan D. Mamorsky

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