CORRUPTION AND THE ETHICAL CORPORATION
Centre for Ethics & Law Biennial Lecture
Thursday 1 December 2016, 6pm
UCL Gustave Tuck Lecture Theatre, Wilkins Building, Gower Street, London WC1E 6BT
Professor Susan Rose-Ackerman (Yale University)
Professor Iris H-Y Chiu (Professor of Corporate Law and Financial Regulation, UCL Laws)
About the talk:
Multinational corporations face pressures to pay bribes to get procurement contracts, obtain lucrative concessions, and benefit from favourable tax and regulatory rulings. If a firm calculates that, on-balance, payoffs will maximise profits, do managers have a moral obligation to resist payoffs, or, conversely, do their obligations to shareholders require such payments? When does legal lobbying and influence-seeking cross over into unethical corruption?
Firms may be in a “prisoners’ dilemma” where corrupt behaviour is rational for each firm taken separately, but leads to overall worse outcomes than honesty. Given this collective action problem, how can domestic laws as well as international treaties and industry codes of conduct help MNCs move toward honest coordinated outcomes that do not violate anti-trust laws?
About the speaker
Susan Rose-Ackerman is the Henry R. Luce Professor of Jurisprudence (Law and Political Science), Yale University. Her research and teaching interests are the comparative study of administrative law and public policy making, and the political economy of corruption.
Her recent books are Corruption and Government: Causes, Consequences and Reform, second edition with Bonnie Palifka, 2016 (first edition published in 1999 was translated into 17 languages); Due Process of Lawmaking: The United States, South Africa, Germany and the European Union (with Stefanie Egidy and James Fowkes, 2015); Greed, Corruption, and the Modern State (editor with Paul Lagunes, 2015); Comparative Administrative Law (editor with Peter Lindseth, 2010; second edition with Peter Lindseth and Blake Emerson, forthcoming 2017), International Handbook on the Economics of Corruption (vol. I, editor, 2006; vol. II, editor with Tina Søreide, 2011). She directs the program in Comparative Administrative Law at Yale Law School, and she holds a B.A. from Wellesley College and a Ph.D. from Yale University.
About the Centre:
UCL Centre for Ethics & Law was established in 2009 to reflect the growing need for enhanced collaboration between academics, practicing lawyers and industry, given the fast changing and increasingly interdisciplinary nature of the global issues lying at the intersection between ethics and regulatory compliance. The work of the Centre is resolutely multi-disciplinary and practice-oriented, focusing on a number of current themes including the professional ethics of in-house and external legal counsel, ethics of risk, anti-corruption, global business and human rights, and distributive justice.