A recent study done at the University of Chicago by Prof. Curtis Verschoor and published in Management Accounting found that companies with a defined corporate commitment to ethical principles do better financially than companies that don’t make ethics a key management component. Public shaming of Nike’s sweatshop conditions and slave wages paid to overseas workers led to a 27% drop in its earnings several years ago. And recently, the shocking disregard of ethics and subsequent scandals led to financial disaster for Enron, Arthur Anderson, WorldCom, Global Crossing, and others.
This two hour speaking program was very comprehensive yet precise and had a very positive effect on our field force. We hope that these positive effects will help in developing a positive attitude.
Mr. Hans Veninga Managing Director (Bayer Pakistan (Pvt) Ltd.)
