Liderazgo ético y regulación en un escenario empresarial global/Ethical leadership and regulation in the business scene

In an increasingly integrated global business arena, local singularities still play a crucial role in many aspects. Business ethics is affected by this duality in profound ways. Legislators have tried to provide uniform ethical guidelines for transnational companies. In this effort to streamline the...

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Bibliographic Details
Published in:	Contabilidad y negocios Vol. 6; no. 11; p. 56
Main Authors:	Arce, José LuisÁlvarez, Cuadrado, Reyes Calderón, Tejedo, Isabel Rodríguez
Format:	Journal Article
Language:	Spanish
Published:	Lima Fondo Editorial PUCP 01-07-2011
Subjects:	Business ethics Ethics Leadership Multinational corporations Public Company Accounting Reform & Investor Protection Act 2002-US Studies Transnationalism Europe
Online Access:	Get full text
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Summary:	In an increasingly integrated global business arena, local singularities still play a crucial role in many aspects. Business ethics is affected by this duality in profound ways. Legislators have tried to provide uniform ethical guidelines for transnational companies. In this effort to streamline the ethical management of the multinational corporation, regulation could be thought of as an attempt to reduce the role of the leader. We argue that this solution mistakenly presumes a high degree of uniformity across countries. In this paper, we consider how different legal traditions can be used to explain the divergences in implementation and configuration of ethics hotlines. We find that although national regulators established a legal standard (Sarbanes Oxley Act) for global companies, significant differences exist across legal traditions, which sometimes go even deeper, to region and country specific nuances. Legal regulation may never substitute a leader in ethical matters. [PUBLICATION ABSTRACT]
ISSN:	1992-1896 2221-724X