Psychological research provides guidance as to how leaders can create a workplace culture that encourages ethical behavior by employees.
Ethics Unwrapped Blog
We hate losses about twice as much as we enjoy gains, meaning we are more likely to act unethically to avoid a loss than to secure a gain. This phenomenon is known as loss aversion.
In a recent New York Times column, Floyd Norris noted in detail the obvious similarities between the downfall of Arthur Andersen during the Enron debacle and the recent troubles of Standard & Poor’s and other credit rating agencies (CRAs). Arthur Andersen was in an inherent conflict-of-interest situation. Like all auditors, it was paid by its […]