The focus of the recent phone hacking scandal on Murdoch and the News of the World is not misplaced. The reality behind tapping into people’s privacy has been long on-going. But is it right that Murdoch receives such negative press? In my opinion, no. So many others should also be under scrutiny. The scandal of London’s press intrusion into the lives of the rich but also the ordinary has been on-going for 30 years or so, or at least that is the word on the streets.
Murdoch was one of the few press barons who actually reorganised the newspapers to become more functionally viable business entities. He repositioned the press on a new technological basis to become businesses concerned with the capture, packaging and distribution of information. All of the newspapers benefited from his revolutionary action. Rather, all of the press should also [...]
Posts Tagged ‘regulation’
A Reflection on the UK News of the World Phone Hacking Scandal
Core values for CSR
The excerpt below is from a paper of ours which will be published in the Special Issue of the Corporate Governance Journal and presented at the 2011 colloquium of EABIS, the Academy of Business in Society .
We have co-authored the paper with Isaac Mostovicz .
The paper will be published on September 5th and looks at the core values which must underpin CSR programmes if they are to be effective.
On April 20th, 2010 an explosion on the Gulf of Mexico Deepwater Horizon oil rig exposed the United States to an historic ecological disaster.
This episode illustrates the limits of CSR programmes currently undertaken by global businesses. The logical rules and regulations which business and government leaders created did not work to exemplify the broadly shared social values that US society deemed to [...]
Regulation, Demonized Bankers and Financing Systems
At the G20 and elsewhere, we’ve heard government leaders like Obama and Brown calling for more regulation to prevent financial institutions from growing too large to fail and obfuscating their responsibilities. These calls are all well and good, but they aren’t a panacea. The problem with too much regulation is that it slows down markets and hampers growth. The ‘greedy bankers’ that have been reported on so often in the press aren’t the problem—they’re only the symbol. They’ve just been following procedures in a marketplace incentivised by short-term thinking and by imbalanced approaches to risk-taking. [...]
