NEWSROOM

A new phenomenon is transforming many organizations of work. It seems to have begun in the 1970’s, taken root in the 80’s and is growing rapidly in the 90’s and into the 21st century. I would like to call this phenomenon “a new expression of Spirit at work.”

A leading apostle of employee share ownership sees worker-owned companies as a model for sharing wealth—and improving company performance.

Suresh and Mala Vazirani

Corruption is bad for business, says Suresh Vazirani, Managing Director of an award-winning hi-tech company. He talks to Michael Smith.

Seventy people were at the Australian centre for Initiaves of Change on 30 October 2003 for the Public Forum and launch of Brian Lightowler's book published by CIB called Corruption: Who Cares?

“Global terrorism is visible and the horrors of 11 September 2001 in New York and Washington DC, and 12 October 2002 in Bali, unforgettable. Worldwide corruption, however, is as insidious and as potentially dangerous to society. The two often go hand in hand….” (from Corruption: Who Cares? by Brian Lightowler)

Corruption: Who Cares? by Brian Lightowler
Published by Caux Books and Grosvenor Books, 2003.

BAD MEDICINE
Globalization and its discontents by Joseph Stiglitz

Much has been said over the last several years about business ethics. The reasons are obvious: high profile corporate scandals and abuses that have grabbed the public’s attention. My concern, in the midst of this media blitz and legal chaos, has been on how much attention has been given to compliance as a remedy for ethical lapses and how little attention has been focused on integrity.

There is good news from Britain for anti-capitalist protesters—and bad news for unscrupulous business fat cats—on several counts. It seems that a cultural shift is taking place in the corporate world, thanks to investor pressure, public opinion and legislation.

According to Oxfam, 128 million people would be lifted out of poverty if Africa, East Asia, South Asia and Latin America each increased their share of world exports by one per cent. Yet the tariff barriers they face when they export to the West are four times higher than those encountered by rich countries.