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Business Ethics and Corporate Governance

 

Ethics in Government and Politics

Reports and Comments on the Stern Hu Case

Other Business Ethics

Corporate Governance

Rule of Law

Last updated: 28 October 2012

 

 

Ethics in Government and Politics

McKinsey & Co, “Government Designed for New Times”, an anthology of approaches that governments around the world are using to adjust to contemporary economic and social problems.  Topics include:

·        Transforming government

·        Innovating government services

·        Building new competencies

·        Understanding government in new times

Recently made available (October 2012) at: http://www.mckinsey.com/features/government_designed_for_new_times/table_of_contents. 

Series of articles on progress toward “good governance” by Spiegel Online:

Part 1 - Bernhard Zand, “Which Country Has the Best Government”, Spiegel Online 10 August 2012. An introduction to a four-part series in which Spiegel reviews progress toward “good governance”.  Available at: http://www.spiegel.de/international/world/good-governance-series-which-goverment-is-best-a-845170.html.

Part 2 - Marc Hujer, “The End of Reason: What Potatoes Say about the State of US Democracy”, Spiegel Online, 17 August 2012.  Available at: http://www.spiegel.de/international/world/the-political-potato-battle-shows-influence-of-lobbies-in-us-congress-a-843595.html.

Part 3 - Manfred Ertel and Gerald Traufetter, “Embracing the Wind: Denmark’s Recipe for a Model Democracy”, Spiegel Online, 24 August 2012.  Available at: http://www.spiegel.de/international/europe/how-wind-energy-is-transforming-denmark-into-a-modern-marvel-a-849227.html.

Part 4 – Sandra Schultz, “How China’s Leaders Steer a Massive Nation”, Spiegel Online, 31 August 2012.  Available at: http://www.spiegel.de/international/world/putting-the-plan-into-action-how-china-s-leaders-steer-a-massive-nation-a-843593.html.

Erich Follath and Jens Gluesing, “How Good Governance Made Brazil a Model Nation”, Spiegel Online, 10 August, 2012.  This is the first in the four-part series.  Available at: http://www.spiegel.de/international/world/good-governance-series-how-brazil-became-a-model-nation-a-843591.html.

Dirk Kurbjuweit, “’Humane’ Drones Are the Most Brutal Weapons of All”, Spiegel Online, 9 August 2012.  Available at: http://www.spiegel.de/international/world/essay-on-german-plans-to-acquire-combat-drones-a-848851.html.

Julian Baggini, “Why Politicians Are Making Morality Fashionable Again”, The Guardian, 24 July 2012.  Available at: http://www.guardian.co.uk/world/2012/jul/24/why-morality-is-fashionable-again.

John Kaag and Sarah Kreps, “The Moral Hazard of Drones”, The New York Times, 22 July 2012.  Available at: http://opinionator.blogs.nytimes.com/2012/07/22/the-moral-hazard-of-drones/?nl=todaysheadlines&emc=edit_th_20120723. 

The Royal Society, “Brain Waves Module 3: Neuroscience, Conflict and Security”, April 2012.  Section 3 reviews the current legal and ethical frameworks governing the enhancement and degradation applications of neuroscience, focusing on international humanitarian law, treaty law, human rights law and other ethical challenges.  Available at: http://royalsociety.org/uploadedFiles/Royal_Society_Content/policy/projects/brain-waves/2012-02-06-BW3.pdf.

Sarah E Kreps and John Kaag, “The Use of Unmanned Ariel Vehicles in Contemporary Conflict:  A Legal and ethical Analysis”, Social Science Research Network, 15 March 2012.  Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2023202.

Stephen G. Brooks, “Can We Identify a Benevolent Hegemon?” Cambridge Review of International Affairs, Vol. 25, No. 1 (11 August 2011), Available for purchase at: http://dx.doi.org/10.1080/09557571.2011.566551.

The Worldwide Governance Indicators (WGI) Project gives aggregate and individual governance indicators for 213 economies of the period 1996-2010 for six dimensions of governance: (1) voice and accountability,(2) political stability and absence of violence, (3) government effectiveness, (4) regulatory quality, (5) rule of law and (6) control of corruption.  Available at: http://info.worldbank.org/governance/wgi/index.asp.

James M Lager, “Overcoming Cultures of Compliance in Government”, presentation at the Symposium on Ethics in Government – Ethical Cultures, Falls from Grace and the Way Ahead, University of the Pacific, 6 March 2009.  Available at: http://www.mcgeorge.edu/Documents/centers/government/LagerEthicsSympDraftPaper.pdf.

Joseph Rotblat, Ethics and Politics”, paper presented at the World Summit of Nobel Peace Laureates, Rome, 27-30 November 2003.  Available at: http://www.pugwash.org/uk/documents/EthicsandPolitics.pdf.

 

Affairs

 

Reports and Comments on the Stern Hu Case:

Michael Sainsbury, “‘Conflict of Interest’ in Focus in Trial of Rio Tinto's Stern Hu”, The Australian, 19 April 2010.  Available at: http://www.theaustralian.com.au/business/mining-energy/conflict-of-interest-in-focus-in-trial-of-rio-tintos-stern-hu/story-e6frg9df-1225855615105.

Comment by Julie Bishop: http://www.smh.com.au/opinion/blogs/the-bishops-gambit/harsh-lessons-from-stern-hus-trial/20100331-rbus.html.

Background information: http://www.smh.com.au/business/rio-workers-steel-for-verdicts-but-spotlight-on-industry-20100327-r3mo.html

http://www.smh.com.au/opinion/blogs/the-bishops-gambit/harsh-lessons-from-stern-hus-trial/20100331-rbus.html.

http://www.theaustralian.com.au/business/rio-rewrites-the-rules-of-engagement-after-hu-affair/story-e6frg8zx-1225847691391.

http://www.theaustralian.com.au/business/opinion/first-of-four-arrows-in-hu-affair-shot-last-year/story-e6frg9if-1225847687808.

http://www.smh.com.au/opinion/politics/farce-flags-canberras-limited-influence-in-beijing-20100329-r8al.html.

http://www.smh.com.au/business/hu-just-roadkill-on-the-economic-superhighway-20100329-r8d6.html.

Comment from the Wall Street Journal: http://online.wsj.com/article/SB10001424052702304370304575151612455202950.html.

http://www.theaustralian.com.au/business/media/the-world-watches-stern-hu-case-as-media-coverage-is-gagged/story-e6frg996-1225846613332.

http://www.theaustralian.com.au/business/mining-energy/bribes-forced-china-to-overpay-for-iron-ore/story-e6frg9df-1225847190730.

http://www.theaustralian.com.au/business/rio-reviews-its-systems-after-stern-hu-sentenced/story-e6frg8zx-1225847177534.

http://www.theaustralian.com.au/business/mining-energy/bribes-forced-china-to-overpay-for-iron-ore/story-e6frg9df-1225847190730.

http://www.theaustralian.com.au/business/rio-reviews-its-systems-after-stern-hu-sentenced/story-e6frg8zx-1225847177534.

 

 


Other Business Ethics

Michael Lou, Neil Gough and Edward Wong, “Scrutiny for Casino Mogul’s Frontman in China”, The New York Times, 13 August 2012.  Available at: http://www.nytimes.com/2012/08/14/us/politics/sheldon-adelsons-dealings-in-china-are-under-investigation.html?pagewanted=1&_r=1&nl=todaysheadlines&emc=edit_th_20120814.

Joby Warrick, “Nuclear Ruse: Posing as Toymaker, Chinese Merchant Allegedly Sought US Technology for Iran”, The Washington Post, 12 August, 2012.  Available at: http://www.washingtonpost.com/world/national-security/nuclear-ruse-posing-as-toymaker-chinese-merchant-allegedly-sought-us-technology-for-iran/2012/08/11/f1c66d9a-e265-11e1-ae7f-d2a13e249eb2_story.html.

dgs, “German Tax Investigators Set Their Sights on UBS”, Spiegel Online, 10 August 2012.  Available at: http://www.spiegel.de/international/germany/german-authorities-investigate-ubs-in-relation-to-tax-evasion-a-849366.html.

Michael Gilding, “Miners the Real Faceless Men Who Got Rid of Rudd”, The Sydney Morning Herald, 12 August 2010.  Available at: http://www.smh.com.au/opinion/politics/miners-the-real-faceless-men-who-got-rid-of-rudd-20100812-120xo.html.

Sean Parnell, “Party’s Over for Liberal MP”, The Australian, 20 May 2010.  Available at: http://www.theaustralian.com.au/news/features/partys-over-for-liberal-mp/story-e6frg6z6-1225868871536.

 “Good Ethics is Good Business”, a paper by Stephen Cohen, School of Philosophy, University of New South Wales.  Click here for a copy (10 pages in portable document format).

 


Corporate Governance

Michael West, “The Habits of Empire Die Hard, As It IS Writ Large”, The Sydney Morning Herald, 11 February 2013.  Available at: http://www.smh.com.au/business/the-habits-of-empire-die-hard-as-it-is-writ-large-20130210-2e6ke.html.  Shareholders are regularly muzzled by legal threats in Australia.

Chris Bradley, Lowell Bryan, and Sven Smit, “Managing the Strategy Journey”, McKinsey Quarterly, July 2012.  Available with registration at: www.mckinseyquarterly.com/.

12th Global Fraud Survey, “Growing Beyond: A Place for Integrity”, Ernst and Young, 2012.  Available at: http://www.ey.com/Publication/vwLUAssets/Global-Fraud-Survey-a-place-for-integrity-12th-Global-Fraud-Survey/$FILE/EY-12th-GLOBAL-FRAUD-SURVEY.pdf

Corporate Governance: An International Review is a scholarly journal published by Wiley Online and is available at: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-8683.  Editorials and abstracts are free; articles can be obtained online by subscription or by purchase.  Editorials include the following:

“Anglo-American versus Asian Corporate Governance Environments” at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2012.00919.x/full.

“Owner Type as Emerging Area of Governance Research” at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2012.00908.x/full.

“The Importance of Considering Context when Developing a Global Theory of Corporate Governance” at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2011.00901.x/full.

The Pivotal Role of Ownership” at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2011.00887.x/full.

“Corporate Governance and the 2008–09 Financial Crisis” at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2011.00879.x/full.

“New Answers and Questions Arising from Corporate Governance Research” at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2011.00869.x/full.

Stijn Claessens and Burcin Yurtoglu, “Corporate Governance and Development – An Update”, International Finance Corporation, Global Corporate Governance Forum Focus 10, 2012.  Available at: http://www1.ifc.org/wps/wcm/connect/d1fbde804b0a8281bd45bd77fcc2938e/Focus10_CG%26Development.pdf?MOD=AJPERES.

Two OECD documents on corporate governance:

“OECD Principles of Corporate Governance”, 2004.  Available at: http://www.oecd.org/document/49/0,3343,en_2649_34813_31530865_1_1_1_1,00.html.

“Methodology for Assessing the Implementation of the OECD Principles of Corporate Governance”, 2006.  Available at:  http://www.oecd.org/dataoecd/58/12/37776417.pdf.

The European Corporate Governance Institute’s “Top Ten” downloads in the Working Papers in Finance series are available at: http://www.ecgi.org/wp/ssrn_downloads.php?series=Finance and the “Top Ten” Working Papers in Law series are available at: http://www.ecgi.org/wp/ssrn_downloads.php?series=Law.  The ECGI also has online discussions of corporate governance issues such as:

Shareholder activism
Transatlantic dialogue
Independent directors
Mobility
Executive remuneration
Takeover directive

 




Rule of Law

Sarah-Jane Tasker, “Tell China We Deal from Different Deck”, The Australian, 15 February 2010.  Available at: http://www.theaustralian.com.au/business/in-depth/tell-china-we-deal-from-different-deck/story-e6frgah6-1225830279397.

John Garnaut, “Children of the Revolution”, Sydney Morning Herald, 13 February 2010.  Available at: http://www.smh.com.au/world/children-of-the-revolution-20100212-nxjh.html

Various agencies, “China Jails Dissident Liu for 11 Years”, The Sydney Morning Herald, 26 December, 2009.  Available at: http://www.smh.com.au/world/china-jails-dissident-liu-for-11-years-20091225-lf23.html

Stuart Washington, “Litigation Lessons for ASIC”, The Sydney Morning Herald, 26 December 2009.  Available at: http://www.smh.com.au/business/litigation-lessons-for-asic-20091225-lexv.html.

“A Leaner, Tougher and more Experienced Chamber steps up to the Plate”, by Michael C. H. Jones.  In portable document format.

Rule of Law and Culture, by Michael C H Jones, President ACCCI

Convergence and the Judicial Role: Recent Developments in China, by J J Spigelman, AC, Chief Justice of New South Wales.