Journal Article

An Unheard Call For Bridging Ethics And Governance: Save The Planet

Shil, N C

2017

Overview

The awakening call of the twenty first century is to bring discipline in corporate behavior and attitude. The global financial crisis that gallops the whole economic system posits an unbeatable challenge before the society and demands a careful revisit of corporate routine to revamp trust and confidence on corporate affairs. Capitalism has accepted its inability to drag down the voluminous attitude of people who live in professional edge and isolate themselves from the mass on the ground of their superiority in terms of power, skill, and trust. Then the president of US had acknowledged that this was the biggest crisis that US economy faced after the 1929 stock market debacle. That crisis resulted stringent regulations to control Wall Street which is the Securities Act 1933 and the Securities Exchange Act 1934. This crisis also results Sarbanes Oxley Act 2002. Both of these two events have good similarities, sanctioning too much freedom and independence, capsizing the market gaps, destroying the whole system and confidence, and finally facing the rude destiny.

• Publisher: Scientia Socialis Ltd
• Subject: Stock exchanges