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Laws undermine trust

Filed in archive Ethics by leon on December 12, 2006

Laws undermine trust
When things go wrong, the usual response from politicians is to bring in laws to restore public trustlinks.

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.






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

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Related Entries:

It's The Simple Things That Build Trust...Or Completely Dest... - 14 July 2006

Execs don't trust their companies - 24 November 2006

How to Make Clients Trust the Work-From-Home You - 09 March 2007

Trust in Me - 22 July 2007

Trust in business versus trust in government - 12 March 2008





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