China’s extensive state censorship is just one example of the challenges that companies frequently confront when doing business globally. In an excerpt from his new book, former GE legal counsel Ben W. Heineman, Jr. examines the “recurrent dilemma” confronting businesses when a corporation’s global ethical standards collide with national law.Full Story»
Big railroads are often targeted by complaints of illegal retaliation against whistleblowers who disclose safety hazards or report on-the-job injuries. A recent $1.25 million damage award to a former BNSF Railway Co. employee spotlights what critics say is the unjust punishment sometimes meted out to railroad workers who report injuries or safety problems.
Some 90,000 bankers in the Netherlands are now required to take an oath pledging integrity, an effort to help restore confidence in the financial industry. Other proposals are being considered in countries and industries where employees are being asked to publicly reaffirm their commitment to a code of conduct. Columnist Gael O’Brien says such oaths are fine but not enough; what’s needed is strong, consistent corporate leadership that shapes enduring ethical cultures.
A new survey of the U.S. and U.K. financial services industry finds that the upswing in financial markets in the wake of the global recession hasn’t done much to improve public perceptions of leading financial institutions – mainly because the underlying behavior of those working in the industry has worsened over the years.
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