I discuss this from the current Indian perspective. There are many things which even after being taught at home, then at school, at college and at the university, many people love to forget for their own benefit. But does that mean that ethics in finance should not be taught?
Let us analyse a recent financial scam which speaks of corruption to the tune of thousands of crores of rupees at the highest level of governance of cricket in India.
We have reached such a sorry state after the third year of the IPL (Indian Premier League) cricket tournament between club sides here that so many skeletons are tumbling out of the closets of BCCI (Board of Control for Cricket in India) who are the regulators of the game. Lalit Modi's name is taken with utmost respect by his associates in cricket and politics as a man who could mint money in millions for them at the drop of a hat over the last 3 years as the Commissioner of IPL.
Instances like this would form very good case studies for students of business ethics. In India we have such a long list of corrupt people in the public domain that the subject can be made really interesting having more relevance to what is practised and what should not be.
1 comment:
Commercialisation of any sport to any level or extent will lead to such and many more dissappointing situation(s). Cricket "was" known as gentlemen's game. I very well remember, my dad and his business group would visit Wankhede or Brabourn stadium to see the test match, I myself have woken up at early mornings (mid-night) to see One dayer world cup played in West Indies/Australia/New-ZeaLand to enjoy the game rather then result, though by then and till today am patriotic to look forward for India's victory. But today there is a little charm in game be it a five / one day or T20.
Today we are talking about some Millions or Crores and not much about Cricket, Isn't it pathetic?
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