Much has been said in the last three weeks of the “tarjetas opacas” (black cards) of the Caja Madrid, now Bankia, or to be precise BFA (Banco Financiero y de Ahorros), which Bankia is the financial subsidiary. In essence the issue concerns the use of opaque (for the Treasury and even for the internal auditors) […]
Bringing Ethics to Accounting, Finance and Banking
Managers, businesspeople, politicians and, of course, academics and researchers should learn from the causes of the crisis and well-known scandals, and reflect on the proper role and ethical implications of finance, banking and accounting. It would therefore be apt to analyze criticism and to present recommendations and alternatives in order to integrate ethics and efficiency, as […]
The fear of delegating: a question of moral competences?
Naomi Shragai published months ago an interesting article in the Financial Times (July 1, 2013), from which I gather some ideas and add ethical comments about the fear of delegating. She begins by telling a short story: A young executive founded a company which prospered and now seems to be at the height of his […]
Capitalism in Question: Congress of the Academy of Management
This past August I had the opportunity to attend the annual meeting of the Academy of Management, probably the most important of its kind in the world, with more than 8,000 participants distributed across multiple divisions. The overall theme for this year lends the title of this post: Capitalism in Question, certainly an expressive title, […]
