Beyond Compliance

James M. Lager

Chapter 11 in Ethical Leadership, 2011, pp 189-199 from Palgrave Macmillan

Abstract: Abstract Once again, governments worldwide are seeking to impose new rules and restrictions on financial institutions and their leaders. It’s an age- old and predictable pattern — a scandal leads to cries of outrage, followed by legislation, regulation, and increased enforcement. It’s also a Newtonian approach to human behaviour, the belief that for every action there is or should be a reaction, and that an effective way to curb the normally encouraged drive to acquire is to make certain methods of acquisition unlawful. The problem is that human behaviour is much harder to describe and to predict than the effect of a force on a body in motion, so the blunt instrument of law and enforcement frequently strikes the wrong target, leading to unexpected consequences.

Keywords: Business Ethic; Corporate Governance; Ethical Leadership; Ethical Climate; Ethic Training (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29906-1_11

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DOI: 10.1057/9780230299061_11

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