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October, 2007

 

Teaching Business Ethics: A Critical Need Businessweek (Standard & Poor's), October 26, 2007 By Dean Krehmeyer
	Developing ethical leaders is both an academic imperative and a critical issue for any business school that wants to remain relevant for the long term. Shaping Tomorrow's Business Leaders: Principles and Practices for a Model Business Ethics Program calls on business schools to adopt principles and practices for building model business ethics programs. The report, based on the thinking of noted faculty and business leaders, recommends that business schools adopt principles in three interrelated areas: the ethics course, the overall curriculum, and the broader school community. (Also appeared in Yahoo! News, and RedOrbit [formerly RedNova].)

The Business Roundtable Institute for Corporate Ethics--- A major U.S. organization of large multinational corporations - Recommends Best Practices for Implementing an Ethical MBA Program EthicsWorld, October 11, 2007
	In developing an effective ethical course, students should have concrete knowledge of ethical issues in business; develop concrete skills, such as learning when to speak up; and be engaged in a process where they can develop greater understanding of their own ethical views and the views of others.

William S. Bost III to Participate in RBC Centura Business Week at Meredith College PR.com, October 11, 2007
	The panel is part of “Ethics on the Front Line,” a week-long series dedicated to ethical leadership in business, during RBC Centura Business Week at Meredith College. The week will also feature a discussion by Linda Trevino, Ph. D., entitled “Managing Business Ethics: Straight Talk About How to Do It Right,” on Monday, Oct. 15 at 10 a.m. (Also appeared in Carolina NewsWire, dBusiness New Triangle, and The Open Press.)

Group: Make ethics a core of business instruction Norfolk Virginian-Pilot , October 4, 2007 By Philip Walzer
	Ethics "is a core discipline of business," meriting its own course, said Dean Krehmeyer, executive director of the Business Roundtable Institute for Corporate Ethics, which issued the report. "It's central to the objectives of what businesses stand for."
The Art of Corporate Damage Control The Epoch Times, October 4, 2007
	In the manufacturing industry, product recalls are an inevitable part of engaging in commerce. "With regard to China, we are sourcing from a place that is many decades away from the kinds of expertise, infrastructure, and regulatory enforcement that we take for granted in the U.S.," said Professor Thomas Donaldson. Donaldson concedes that the above is not only true for China, but also in Latin American, Southeast Asian, and other third-world countries.

Ethics officers – Positions that need power Ethical Corporation Magazine , October 4, 2007
	Balancing an organisation’s unique characteristics and culture against providing the required authority and tools to do the job is a challenge for most companies, says the ERCFP working group, which includes representatives from the Business Roundtable Institute for Corporate Ethics, the Ethics and Compliance Officer Association, the Open Compliance and Ethics Group and the Society of Corporate Compliance and Ethics.

Ethics is key to business curriculum, report recommends Norfolk Virginian-Pilot, October 3, 2007 By: Philip Walzer
	Business schools should require a class in ethics, as well as infuse it throughout the curriculum, said a report released Wednesday. "We recommend the answer being both," said Dean Krehmeyer, the executive director of the Business Roundtable Institute for Corporate Ethics, which issued the report.

Shareholder Communications: Why 'Short Termism' May Be Short Lived Directorship: Boardroom Intelligence, October 1, 2007 By: Louis M. Thompson
	Few issues related to business management are as insidious as the market’s obsession with short-term results. In 2006, the CFA Centre for Financial Market Integrity and the Business Roundtable Institute for Corporate Ethics published a report called, “Breaking the Short-Term Cycle,” which took a broader view of the causes for short-term behavior. While pointing the finger at quarterly earnings guidance, the panel of participants, which included thought leaders from corporate issuers, analysts, and investors, confirmed what academic research suggests: “The obsession with short-term results by investors, asset management firms, and corporate managers collectively leads to the unintended consequences of destroying long-term value, decreasing market efficiency, reducing investment returns, and impeding efforts to strengthen corporate governance.”

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