Monday, December 18, 2006

Should Businesses be Ethical?

The surprising answer is yes, businesses should behave in an ethical manner. Because if they don't, according to Carrie Lukas, Congress might be inspired to pass new regulations.
Businesses can help themselves by examining their own practices to ensure that they meet high ethical standards. If they don’t and Congress moves toward to new regulations, it could be our economy that pays the price.
This conclusion is surprising, but her title ("Self Discipline, Not Regulation, Needed for Ethical Business") suggests that whether or not businesses exercise self discipline, Congress should still refrain from passing regulations.

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