Ethics and Corporate Governance
研究了如何将伦理融入公司治理，指出董事会需先审视自身结构与运作，并通过立法、同行压力、培训等方法提升治理的伦理水平，对董事和监管者具有参考价值。
To achieve ethical corporate governance, directors’ first priority must be to examine their own structure and operation. If the board is vulnerable to charges of unethical conduct, it will have little credibility in its oversight role over the corporate culture of the organization. An examination of a positive model of corporate governance in the mutual fund industry provides an effective illustration of several ways to add ethics to corporate governance: 1) legislation; 2) jawboning; 3) peer pressure; 4) regulation; 5) training and reflection. While peer pressure and training are more effective than the others, all those methods taken together cannot solve every ethical lapse. Only individual board members, working together, can influence the conduct of the board and propel themselves and the organization towards a standard of continuing ethical excellence.