Saturday, October 30, 2010

Do you believe financial ethics should be taught along with accounting courses?

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 among his associates in the game as a man who could mint money in millions for them for 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.

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