ABSTRACT
The rub is that the delivery of that ethics content to be left to each individual business school. Although policy-makers in Washington have now changed the rules for stock options and 401K plans, they have not yet investigated business schools as possibly unwitting accomplices to corporate crimes. An association that accredits professional degree programmes should take the high road on ethics standards, especially in the aftermath of what are arguably the worst corporate scandals in history of financial capitalism. The crux of the matter is that the proposed Advancement of Collegiate Schools of Business (AACSB) standards do not speak to the experience of practising managers, leading us to believe that AACSB needs to solicit more input from its corporate constituents. An AACSB official points out that seeking accreditation is voluntary, and that no one forces schools to accept AACSB standards. AACSB’s doctrine of flexibility can contribute directly to reducing or eliminating the number of professors teaching ethics in business schools.
