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Auditing moral hazards for post-global financial crisis (GFC) leadership

Kakabadse, A. P., Kouzmin, A. and Kakabadse, N. K. (2010) Auditing moral hazards for post-global financial crisis (GFC) leadership. Paper presented to: European Academy of Management 10th Annual Conference (EURAM10), Tor Vergata University, Rome, Italy, 19-22 May 2010. (Unpublished)

Item Type: Conference or Workshop Item (Paper)
Abstract: Public policy in Neo-liberalism is fraught with crisis vulnerability. Crises, as “created” opportunities, compound the situation. Rent seeking answers the proposition in the positive. Public Choice ideological agendas and the imperial extension of such agendas into other disciplinary discourses represents the clearest, continuing danger to democratic, professional and ethical praxis (Klein, 2007; Kouzmin, 2009) over the last 35 years. From U.S. congressional “earmarks”, to “Yankee and Met owners” scams siphoning billions in public funds (Johnston, 2007), policy discourse around the world has been “high-jacked” by opportunistic Neo-liberalism. Are there any opportunities for expressions of “je regette” (Kouzmin, Sankaran, Hase and Kakabadse, 2005) for those intellectually, politically and ethically capable of critical reflection in a context of the worst abuses of managerialist abuse seen in decades. This paper seeks to deconstruct some of the hubris associated with corporate capitalism’s creation of a new financial sector based on fraud – junk debt and derivatives. How has it come to pass that that fraud has become the basis of corporate performance and leadership remuneration? Is criminal fraud the heart of global capitalism? Are “moral hazards” (economistic excuses for criminal behaviour) on behalf of self-indulgent, managerial and corporate governance systems, the way out for a criminogetic Neo-liberalism?
Subjects: H Social Sciences > HF Commerce > HF5387 Business ethics
H Social Sciences > HG Finance > HG4001 Finance management. Business finance. Corporation finance
H Social Sciences > HD Industries. Land use. Labor > HD2709 Corporations > HD2741 Corporate governance
Creators: Kakabadse, Andrew P, Kouzmin, Alexander and Kakabadse, Nada K
Faculties, Divisions and Institutes: University Faculties, Divisions and Research Centres - OLD > Faculty of Business & Law > Business and International Management (to 2010)
Faculties > Faculty of Business & Law > International Strategy & Business
Date: May 2010
Date Type: Presentation
Event Title: European Academy of Management 10th Annual Conference (EURAM10)
Event Dates: 19-22 May 2010
Event Location: Tor Vergata University, Rome, Italy
Event Type: Conference
Language: English
Status: Unpublished

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