Consistent corporate disclosure is both operationally practical and ethically right – while hiding information may be short-sighted as well as wrong, Prof. Domènec Melé says.
In this blog post, Melé discusses the ethical and rational justifications for releasing relevant business information, and the risks of attempting to sweep things under the carpet.
Employing adults with autism. Providing humanitarian aid in Afghanistan. Educating young people from Portuguese-speaking African countries. Building a cultural center in southern Sicily. These are the missions of just some of the exceptional companies involved in the Social Innovation and Social Entrepreneurship course, which second-year MBA students recently begun.
During the course, taught by Prof. Antonino Vaccaro, each MBA takes part in a project with one of eight companies –such as the Red Cross, La Caixa Foundation or FC Barcelona Foundation–, all dedicated to making the world a better place.
Most companies need to do more to protect themselves from fraud, beyond their traditional reliance on accounting reports, auditors’ indications and whistleblowers’ claims, Prof. Antonino Vaccaro warns.
In this blog post, Vaccaro recommends companies also keep an eye out for non-financial indicators that seem unusual, as well as train corporate intelligence specialists to conduct random controls.