Entries in ethics and compliance (3)
What standards should businesses observe in their own countries, or abroad? Businesses now have resources and influence that rival or surpass those of governments and certainly of ordinary people. Yet finding globally appropriate rules for business behavior has been a formidable challenge for business leaders and academics.
The allegations are prima facie awful. In-house lawyers defending wrongful death claims knew for eleven years that some GM vehicles had an ignition flaw that could cause accidents. They didn't report the flaw internally or to regulators because they didn't want to prejudice GM's position in ongoing or future litigation.