An Ethics Committee is needed
We may be transparent, not corrupt and have no guanxi to worry about. But we still have serious flaws in terms of ethics and morality in the way we do business. Unless we are saying that in business, ruthlessness to make profit is the right way to go forward, then we should not even waste time listening to the victims of minibonds and notes. They did not do their homework and became suckers is their own fault. I am still puzzled that if their cries were not heard, if the people’s hero did not stand up to organize them to take on the financial institutions, will it still be business as usual? That ethics and morality can go into the longkangs? That the minibonds and notes and other toxic products will still be sold to the unwary? I have encountered many cases of unethical conducts in organizations. Some I have fought and dealt with. Some are still waiting for the right opportune moment to do battle. Many corporations stink of lowly creatures in their midst. What we may need now is an Ethics Committee to be appointed in big organizations, private or public, to deal with unscrupulous management who just care for the bottom line and their perks and bonuses. It is a sad call but a reflection of how far down we have gone in decency and respectability. And please, these committees must be made up of people that do not have any incestuous relationship with the management. They must be steadfast and with a conscience to do the job they are assigned to and not be beholden to the people who appoint them. To be real, this is just fat hope.