Compliance, Culture and Ethics: An Interview with Dr. Nitish Singh

May 29th, 2015 by Kara in Interviews

SPI: Your new book, Compliance Management, talks about corporate culture and ethics. Why is corporate culture important? NS: Corporate culture sets the parameters and the tone for proper conduct in an organization. Corporate culture is a living and evolving entity, which is embodied in an organization’s code of conduct, vision and mission statements, and policies and procedures. The notion that an organization should be focused solely on maximizing profits is coming to an end. Companies are realizing that they are not only accountable to their stockholders, but to a larger constituency, the stakeholders, whom ...

The Ethics of the Swiss National Bank’s Currency Intervention

May 19th, 2015 by Kara in Case Studies

By: Chloe Sevil On Thursday, 15 January 2015 the Swiss National Bank (SNB) upset the fondue pot. The SNB unexpectedly announced it would end the Swiss Franc (the franc) peg to the Euro, three days after this policy had been reaffirmed. Many companies were adversely affected when the franc appreciated between 20-30% against major currencies (see diagram) and the Swiss stock market dropped by 14 percent. The SNB originally intervened to avoid excessive overvaluation of the franc. There is a mix of economic, social and political rationales for currency manipulation. The ...

The Latest Issue of Moral Cents is Now Available

May 5th, 2015 by Kara in Journal

Residential property prices in major cities around the world, from Shanghai to San Francisco, New Delhi to New York, Bangkok to Berlin, are hitting heights unreachable to ordinary mortals. Median house price increases outpace median family income growth, pricing out the young and the middle income. The reasons for the stratospheric rise of property prices in major cities around the world are undoubtedly many and interconnected. Yet, it seems easiest to blame global and mobile plutocrats for accumulating prime properties and pushing up prices in international cities. London locals blame ...