Experts in top team and board consulting, training and development
Research
When Rules and Principles are Not Enough: Insiders’ Views and Narratives On the Global Financial Crisis
Andrew Kakabadse, Nada Kakabadse, Philip Reeves Knyght and Alexander Kouzmin

Much has been written about Wall Street and the global financial crisis (GFC). From a fraudulent derivatives market to a contestable culture of banking bonuses, culpability has been examined within the frames of American praxis, namely that of American exceptionalism. This study begins with an exploratory analysis of non-US voices concerning the nature of the causes of the GFC. The analysis provides glimpses of the globalized extent of assumptions shared, but not debated within the globalization convergence of financial markets as the neo-liberal project. Practical and paradigmatic tensions are revealed in the capture of a London-based set of views articulated by senior financial executives of financial service organizations, the outcomes of which are not overly optimistic for any significant change in praxis within the immediate future.

The full article is available to view online at InformWorld.

Latest Video

The Public Administration and Constitutional Affairs Select Committee inquiry on Civil Service Effectiveness

Watch video
Latest from Twitter
  • RT @MoreFirePR: Dozens of the UK’s biggest companies have been exposed as having all-male #boards, or just one ‘token’ female director. Pro…

    yesterday

  • RT @HenleyBSchool: Professor Andrew @Kakabadse spoke to Benjamin Chiou for @raconteur about 'Social Injustice and Business: When politics a…

    5 days ago

  • '#Business leaders are often troubled by #socialinjustice, but shareholders take priority. To resolve this, governm… https://t.co/5shtbvrcHB

    7 days ago

Clients we work with