Thursday, January 7, 2010
Arroyo fails to sign 2010 proposed budget
Only hours before the year 2010 starts, President Gloria Macapagal Arroyo is yet to sign the proposed national budget for next year.Buy me a Beer[Click Here] if enjoy reading Arroyo fails to sign 2010 proposed budget. ..
SEC Sued Over Failure To Disclose Post-Madoff Reforms
The Securities and Exchange Commission is being sued over its failure to respond to Freedom of Information Act requests for information about what reforms, if any, it has undertaken since it failed to detect Bernard Madoff's multibillion fraud.
The government watchdog Citizens for Ethics and Responsibility in Washington announced the lawsuit today, saying that the SEC has yet to reply to CREW's October 2009 information request.
Last month, a different good-government group, the Project On Government Oversight, did manage to get some Madoff-related records out of the SEC. As we reported at the time, those documents showed that the agency has yet to institute many of the reforms recommended by its internal watchdog after the Madoff scandal.
The government watchdog Citizens for Ethics and Responsibility in Washington announced the lawsuit today, saying that the SEC has yet to reply to CREW's October 2009 information request.
Last month, a different good-government group, the Project On Government Oversight, did manage to get some Madoff-related records out of the SEC. As we reported at the time, those documents showed that the agency has yet to institute many of the reforms recommended by its internal watchdog after the Madoff scandal.
Wednesday, November 18, 2009
Is every action that is legal also ethical? can you describe an action that is legal but ethically wrong? is every ethical action also legal? is the law not ethics? the only guide that business managers need to consider.
* YES, A legal action is ethical since the consequences of the legal action to the people directly or indirectly affected by the legal action is more favorable than unfavorable. But if we will think about it based on actual experiences, any legal action is not always ethical.
* Starting a business running up a bunch of debt with suppliers and contractors, then going bankrupt and handing the business over to your wife and doing the same thing again and again until you run out of family members and all your local suppliers and contractors have gone bust themselves.
* Laws can be neutral on ethical issues, or they can be used to endorse ethics. Laws also permit many actions that will not bear ethical scrutiny. In other words, what the law permits or requires is not necessarily what is ethically right. For instance, laws allow disloyalty toward friends, the breaking of promises that do not have the stature of legal contracts, and a variety of deceptions.
* YES, A legal action is ethical since the consequences of the legal action to the people directly or indirectly affected by the legal action is more favorable than unfavorable. But if we will think about it based on actual experiences, any legal action is not always ethical.
* Starting a business running up a bunch of debt with suppliers and contractors, then going bankrupt and handing the business over to your wife and doing the same thing again and again until you run out of family members and all your local suppliers and contractors have gone bust themselves.
* Laws can be neutral on ethical issues, or they can be used to endorse ethics. Laws also permit many actions that will not bear ethical scrutiny. In other words, what the law permits or requires is not necessarily what is ethically right. For instance, laws allow disloyalty toward friends, the breaking of promises that do not have the stature of legal contracts, and a variety of deceptions.
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