Answer to the question about the code of ethics

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Uploaded by on Jan 17, 2009

Answer to the question about the code of ethics.
If Company Executives had a code of ethics similar to Doctors and Lawyers, this would have to be fully enforceable by the authorities of a country or jurisdiction. Just having a code of ethics in paper will not ensure that people will behave ethically. Also it is important to be careful with what the code says, because the profit maximizing nature of the firm should not be affected in any case.

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This video is a response to The Davos Debates
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  • exactly... that is something we need. Real ethics that are not just a bunch papers.

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