Episode 4: Ethical Theories is out now!

December 19th, 2014 by Kara in Videos

        Episode 4: Ethical Theories The fourth episode of the financial ethics training series produced by Seven Pillars Institute gives nutshell descriptions of the four main ethical or moral theories: Consequentialism, Duty Based Ethics, Virtue Ethics and . We apply these theories and use them as tools to help us decide on the right act or acts at work. Just as we use tools from finance theory such as net present value or rate of return to decide if we should invest in a project, so too we use the tools of ethics ...

The Fall of Anglo Irish Bank

December 11th, 2014 by Kara in Case Studies

By: Will Chu   In 1986, Sean FitzPatrick became chief executive of a small Irish commercial lender known as the City of Dublin Bank. Over the course of the next 18 years, FitzPatrick oversaw the growth of the City of Dublin bank into the 3rd largest bank in Ireland. By May 2007 the bank, now known as the Anglo Irish Bank, reached a peak value of €13 billion with a share price of €17.60. Little over a year later, in December 2008, FitzPatrick stunned the financial world by announcing his resignation as chairman ...

Corporate Disasters in India: Bhopal, Uphaar and AMRI Hospital

December 2nd, 2014 by Kara in Case Studies

Part II of SPI’s India Series By: Aparajita Pande On the morning of December 3, 1984, India witnessed in shock what would soon be considered the world’s greatest industrial disaster. A gas leak at Union Carbide India Limited (UCIL) pesticide plant in Bhopal exposed more than 500,000 people to methyl isocyanate (MIC) and other deadly toxins. The following months brought not only more destruction, but also sparked a furious debate about safety standards in developing countries. Yet, despite calls for stricter regulation and laws mirroring safety models in the western world, ...