There is a wide enough consensus now that social responsibility (SR) must somehow begin with the board of directors. That is not exactly the most ingrained practice at the moment, but . The board must assume the role of controller, promoter and judge of the company’s SR framework, making it a mandate for the board chairman/CEO and senior […]
Gowex and Gotham City: Stories Batman Wants Us to Learn
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 […]
Economic Freedom in the World: Is it Ethically Significant?
In our culture figures and ranking are quite central, and the economic freedom is not an exception. There are several indexes which try to ranking countries through models nurture by statistic often taken from the World Bank, the International Monetary Fund and the Economist Intelligence Unit. Two of these indexes are probably the best-known worldwide. In general, their […]
Compliance as a Tool of Ethics
The first time I heard the term “corporate compliance,” I must confess it didn’t sit well with me. The term seemed to transform social responsibility – or worse yet, ethics – into mere compliance with policy, norms and rules as dictated by law and regulation or corporate self-regulation. (An example of the latter would be […]