Laws undermine trust
Filed in archive Ethics by leon on December 12, 2006

.Sarbanes-Oxley is probably the most high-profile example of that, but it happens in other countries too. And as the SOX experience has shown, it just doesn't work. Despite all the investor protections, the public doesn't trust business, and bad things still happen.
Legislating for trust is no good. Indeed, it can even make things worse and I examine this problem in my piece here.
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regulations trust trust laws business corporate undermine+trust laws+undermine sarbanes+oxley
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