Business, Values, and Law: Forging a New Dialogue
August 30, 2011
The financial crisis of 2008 exacerbated an environment of mistrust for business practice in the global economy. Much of the public and the political class questioned business leaders’ commitment to integrity, transparency, and ethical behavior. Many called for increased government regulation to check business practices that might be harmful to the common good culminating with the enactment of the Dodd-Frank reforms, some of the strictest legislation to date. At the same time, corporations voluntarily embraced platforms of sound and honest governance, corporate social responsibility, and internal ethical practices.