How to Avoid Corporate Scandals and White Collar Crime

Ethical Problems in Companies
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Jaap de Jonge
Editor, Netherlands
I must have written it a dozen times by now: short term value creation (listening too much to financial markets and greedy investors) is a sign of poor leadership, is also the reason behind most white collar crimes and resulting corporate scandals, and was even a key reason behind the last economic downturns. White-collar crimes include things like bribery, cheating, embezzlement, fraud, money laundering. Recently there have been corporate scandals at Alstom, Odebrecht, Petrobras, Rolls-Royce, Siemens, Telia, Teva Pharmaceutical, VimpelCom, Volkswagen, etc. New research by Prof. Healy and Prof. Serafeim confirms that the root causes of these white-collar crimes and following corporate scandals isn't ineffective regulations nor compliance systems, but weak leadership and a flawed corporate culture. A culture in which making the short-term numbers trumps any concerns about how the targets are met. Not much seems to have changed since Marianne Jennings' excellent 2006 book "Seven (...) Read more? Sign up for free

  Graham Williams
Management Consultant, South Africa
 

How can we Avoid White Collar Crimes

Yes. Legislation, compliance mechanisms, policies, (...)

  Connie James
Professor
 

Real Value Sustains Us

I agree that true leadership creates long-term val (...)

  srinivas
Lecturer, India
 

Holistic Framework to Avoid Corporate Scandals

To me corporate scandals and white collar crimes c (...)

  Owolabi funso
 

Avoid White Collar Crimes by Frequent Audits

Thanks, but in my view relying too much on manager (...)

  Gandhi Heryanto
Management Consultant, Indonesia
 

The Role of Corporate Culture to Avoid White Collar Crime

Strong internal control systems as well as corpora (...)

  Ronald Ainsbury
Management Consultant, New Zealand
 

Stock Market Short Focus

In addition to a long-term profit focus and cultur (...)

  Prof. Arup Barman
Professor, India
 

Conduct a Forensic Audit

The exercise of a forensic audit in a corporation (...)

  Prof. Arup Barman
Professor, India
 

How to Develop Skills for Forensic Accounting

Forensic accounting is a vital knowledge domain fo (...)

  Maurice Hogarth
Consultant, United Kingdom
 

White Collar Crime Probability

There seem to be three aspects to this. Two seem t (...)

  Jaap de Jonge
Editor, Netherlands
 

How to Avoid Corporate Scandals and White Collar Crime

See also the practical expert tip: How to Identify (...)

  Maurice Hogarth
Consultant, United Kingdom
 

White Collar Crime & Scandal Complexity

@Jaap de Jonge: Agreed that my comments do rather (...)

  aloke mookherjea
Director, India
 

White Collar Crime & Complexity

Interesting comments from almost all! Most have be (...)

 

More on Ethical Problems in Companies
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