Chapter 7

Developing Evidence-Based Data on Ethics and Culture

Duane Windsor

Introduction: Ethics and Culture

Three key instances of corporate ethics failures since 2000 have been Enron (together with its external auditor Arthur Andersen), Satyam, and Siemens. These failures are well documented in the literature. Ethics failure reflects failures as well in corporate governance and internal controls, and sometimes external public and private regulation. At Satyam, an Indian information technology (IT) firm, the founder orchestrated a falsification of the firm’s true economic situation. That founder confessed to the fraud, and with some others, was in 2015 sentenced to prison. Another Indian IT firm took over and absorbed Satyam (which means ...

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