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February 2013

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Subject:
From:
"Bagley, Connie" <[log in to unmask]>
Reply To:
Academy of Legal Studies in Business (ALSB) Talk
Date:
Sat, 9 Feb 2013 17:01:21 +0000
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Dear Roxane,
Your first sentence would be a great start for an op ed piece. Hope you will consider writing one. Best Connie

Sent from my iPad

On Feb 9, 2013, at 10:07 AM, "Delaurell, Roxane M" <[log in to unmask]> wrote:

> The Penn State and Lance Armstrong cases give me hope that how we win matters to people more than just winning. Ethics impacts the decisions we make and the paths we follow. Oftentimes taking the ethical path costs us in tangible short term winnings.
> 
> Our MBA has also dropped its law course in favor of more 'creativity' courses. At the end of the day, our students deserve our best and I find that they are more interested in ethics now than in all of my 20 years of teaching so I intend to teach as much of it as I can regardless of the course name.
> 
> Kudos to Peter for fighting to keep regulation and ethics in the accreditation checklist. It is the tail that wags the dog. Perhaps it is our role as business law and legal studies professors to be the conscience of business schools. A hard and lonely road.
> 
> Sent from my iPad
> 
> On Feb 8, 2013, at 10:59 PM, "Bagley, Connie" <[log in to unmask]> wrote:
> 
>> Great paper. Thx for passing it along. I just forwarded it to the senior prof in our accounting group. Best Connie
>> 
>> Sent from my iPad
>> 
>> On Feb 8, 2013, at 4:42 PM, "Kurt Schulzke" <[log in to unmask]> wrote:
>> 
>>> In relation to this topic, John Abernathy, Assistant Prof. of Accounting at OK State, is lead co-author of the attached paper, The Effect of General Counsel Prominence on the Pricing of Audit Services. He authorized me to pass it along, saying, "I am quite surprised that anyone would try to justify the position that we need less ethics in any curriculum these days!"
>>> 
>>> Abstract excerpt: Prior research suggests that the GC position has a significant influence in setting the tone at the top by promoting corporate integrity, ethics, and serving as a governance and monitoring mechanism, but also recognizes that prominent GCs may face ethical dilemmas, causing them to disregard professional responsibilities and curry the favor of the CEO and other executives. Companies that ascend their GC into the top five highest paid executives experience a reduction in audit fees, compared to companies who do not take such action. Results are robust to controlling for standard audit fee determinants, several measures of corporate governance, and employing within-firm analyses. We conclude that GC prominence is an important factor within the control environment that influences the pricing of audit services.
>>> 
>>> Wishing a great weekend to all, especially our friends in the snow and ice of New England!  
>>> 
>>> Kurt S. Schulzke, JD, CPA, CFE 
>>> Associate Professor of Accounting & Business Law 
>>> Director - Law, Ethics & Regulation 
>>> Corporate Governance Center 
>>> Kennesaw State University 
>>> + 1770-423-6379 (O) 
>>> + 1404-861-5729 (C) 
>>> http://coles.kennesaw.edu/centers/corporate-governance/ 
>>> My research: http://ssrn.com/author=804023 
>>> 
>>> 
>>> 
>>> 
>>> ----- Original Message -----
>>> From: "Henry Lowenstein" <[log in to unmask]>
>>> To: [log in to unmask]
>>> Sent: Friday, February 8, 2013 1:53:10 PM
>>> Subject: Re: the value of business ethics
>>> 
>>> 
>>> 
>>> Good points Jim. Perhaps if some of those faculty were actually hit with one of those classic subpoena's for production of documents and discovery, and had to actually experience what a business encounters responding to a lawsuit, they would have a far different opinion. One of the other inconsistencies I think we all find are the same faculty members coming by your office asking for "free legal advice" when they or someone in their household gets a traffic ticket, has a contract/warranty dispute or other personal legal matter. Perhaps they think businesses get free legal advice too, so its not that important. Take care. 
>>> 
>>> Henry 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> Henry Lowenstein, PhD 
>>> 
>>> Professor of Management and Law 
>>> 
>>> E. Craig Wall Sr. College of Business Administration 
>>> 
>>> Coastal Carolina University 
>>> 
>>> P.O. Box 261954 
>>> 
>>> Conway , SC 29528-6054 USA 
>>> 
>>> (843) 349-2827 Office 
>>> 
>>> (843) 349-2455 Fax 
>>> 
>>> [log in to unmask] 
>>> 
>>> www.coastal.edu 
>>> 
>>> 
>>> From: Academy of Legal Studies in Business (ALSB) Talk [[log in to unmask]] On Behalf Of James Highsmith [[log in to unmask]] 
>>> Sent: Friday, February 08, 2013 1:41 PM 
>>> To: [log in to unmask] 
>>> Subject: Re: the value of business ethics 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> “Is that like criticizing medical schools who have courses in cancer because people still get cancer?” No, but it is like criticizing medical school cancer courses because doctors don’t or can’t always cure cancer. We cannot guarantee business graduates will never make mistakes in applying what they learn (or could learn) in business school. We can predict accurately that more mistakes will be made out of ignorance and lack of understanding. The people coming to business school bring attitudes developed over a couple of decades, and not everyone acts ethically in their personal lives. Exposure to the consequences of the illegal and unethical behavior is a bare minimum business schools should provide. Anything less is malpractice in my opinion. Take any daily Wall Street Journal and see how much of it deals with legal issues, ethical quandaries, and criminal behavior. It is probably going to be as much or more than any other business discipline’s coverage that day. And what should be embarrassing to business professors who want to eliminate that “social and legal crap” is that much of the coverage of their disciplines in the Wall Street Journal is about the legal and ethical issues they would like not to have to think about. 
>>> 
>>> 
>>> 
>>> I just ordered a T-shirt that simply says: LEGALIZE REASON. 
>>> 
>>> 
>>> 
>>> According to some, I guess we shouldn’t be teaching reason in business school either. 
>>> 
>>> 
>>> 
>>> Jim Highsmith 
>>> ----- Original Message -----
>>> From: "Henry Lowenstein" <[log in to unmask]> 
>>> To: [log in to unmask] 
>>> Sent: Friday, February 8, 2013 8:57:34 AM 
>>> Subject: Re: the value of business ethics 
>>> 
>>> 
>>> 
>>> Richard, your faculty can take that position and wake up in their next accreditation review to find themselves on AACSB continuous review or loss of accreditation. The new standards to be voted upon in April, have a Curriculum standard (Standard 9) that specifies what is expected to be covered in the business core and increased in higher graduate degrees. The first bullet point contains "law and regulatory" (thanks to Peter Shedd and the ALSB State of the Discipline Task Force feedback to AACSB ). The second bullet point is ethics-social responsibility. It remains to be seen how the future site teams handle it but given the environment of business today, the smart schools are adding more coverage on legal environment, business law and ethics. 
>>> 
>>> To the criticisms of business schools because society still experiences ethical violations of business people. Is that like criticizing medical schools who have courses in cancer because people still get cancer? 
>>> 
>>> Henry 
>>> 
>>> 
>>> 
>>> 
>>> Henry Lowenstein, PhD 
>>> 
>>> Professor of Management and Law 
>>> 
>>> E. Craig Wall Sr. College of Business Administration 
>>> 
>>> Coastal Carolina University 
>>> 
>>> P.O. Box 261954 
>>> 
>>> Conway , SC 29528-6054 USA 
>>> 
>>> (843) 349-2827 Office 
>>> 
>>> (843) 349-2455 Fax 
>>> 
>>> [log in to unmask] 
>>> 
>>> www.coastal.edu 
>>> 
>>> 
>>> From: Academy of Legal Studies in Business (ALSB) Talk [[log in to unmask]] On Behalf Of Richard L. Coffinberger [[log in to unmask]] 
>>> Sent: Friday, February 08, 2013 11:23 AM 
>>> To: [log in to unmask] 
>>> Subject: Re: the value of business ethics 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> 
>>> Robert: I too say this article just after attending a faculty meeting where we discussed a proposal (likely to pass) that both law and ethics be eliminated from our MBA curriculum in favor of more MIS and Accounting. I overheard one of my colleagues say that if students want to study law they should go to law school. Assume he would also suggest that students who want to study ethics seek a philosopy degree. Very disappointing and disheartening. 
>>> 
>>> Rick 
>>> 
>>> ----- Original Message ----- 
>>> 
>>> From : Robert Bird <[log in to unmask]> 
>>> 
>>> Date : Thursday, February 7, 2013 9:28 pm 
>>> 
>>> Subject : the value of business ethics 
>>> 
>>> 
>>> 
>>>> An interesting article in the WSJ. The value of ethics, so the 
>>>> article states, remains debatable and raises the issue of whether 
>>>> the moment for reforming ethics has passed. 
>>>> 
>>>> And one of our own, Kabrina Chang, is quoted! 
>>>> 
>>>> http://online.wsj.com/article/SB10001424127887324761004578286102004694378.html 
>>>> 
>>>> Robert 
>>>> 
>>>> Robert C. Bird 
>>>> Associate Professor of Business Law 
>>>> Northeast Utilities Chair in Business Ethics 
>>>> Editor-in-Chief, American Business Law Journal 
>>>> University of Connecticut, School of Business 
>>>> 2100 Hillside Road, Unit 1041 
>>>> Storrs, CT 06269 
>>>> [log in to unmask]<mailto:[log in to unmask]> 
>>>> My research: http://ssrn.com/author=56987
>>> <AKM_Jan_2013.pdf>

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