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Laws undermine trust

Filed in archive Ethics by leon on December 12, 2006

When things go wrong, the usual response from politicians is to bring in laws to restore public trust links

.

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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Tags: regulations trust trust laws business corporate undermine+trust laws+undermine sarbanes+oxley

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Add your response to Laws undermine trust: Response from: When things go wrong, the usual response from politicians is to bring in laws to restore public trust. But it never works. In fact, tough laws only make things worse. Response from: news.fatpitchfinancials.com When things go wrong, the usual response from politicians is to bring in laws to restore public trust. But it never works. In fact, tough laws only make things worse. Response from: When things go wrong, the usual response from politicians is to bring in laws to restore public trust. But it never works. In fact, tough laws only make things worse. Response from: IndianPad Sox First: Laws undermine trust posted at IndianPad.com Response from: The Boring Made Dull Included in the December 17th issue of Economics and Social Policy.
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Laws undermine trust

Filed in archive Ethics by leon on December 12, 2006

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