Spain was rocked last week by another ethics scandal: the use of black credit cards by the top management of the Spanish bank Caja Madrid-Bankia. (Please note: business ethics is not only about scandals; it also focuses on preserving a solid culture within business organizations and markets in order for them serve the common good.…

Once again, the good faith of many people was challenged due to the latest news item: the bankruptcy of Gowex. The company had led the Mercado Alternativo Bursátil (MAB) as a benchmark on this alternative stock market after multiplying its value 18-fold since it was first launched in March 2010. And though it boasted a…