Mendoza highlights ethical business practices

first_imgMendoza College of Business will host its 19th annual Ethics Week, devoted to examining different facets of ethical business practices, from Feb 8. to 11. The week will include a variety events and several different speakers. Lauren Weldon Mendoza teaching professor Brian Levey said the week is also a continuation of the legacy of John Houck, a Notre Dame management professor who died in 1996. “Our last two deans were very fond of saying ‘Ethics is in our DNA,’ and so much of what we do today goes back to this quote from Fr. O’Hara [the first dean of the College], that the primary function of commerce is to serve mankind,” Levey said. “We think of it in terms of management and marketing and accounting and finance, but all of that ultimately is to serve mankind on some level and create something where there is nothing.”The week is co-sponsored by the Notre Dame Deloitte Center for Ethical Leadership, and the events are free and open to the public. Levey said the events are aimed at the entire Notre Dame community, as well as the South Bend community. John D’Arcy, associate professor at the University of Delaware, will deliver a presentation titled, “Data Breach: Failures and Follow-ups,” at the Giovanini Commons in Mendoza on Monday at 12:30 p.m. D’Arcy is a former assistant professor for Mendoza.“His expertise is IT security and his particular topic is data breach,” Levey said. “He’s going to talk about things like the Target data breach, going back a few years ago – this was probably the biggest and earliest exposure of credit card information.” Larry Katzen, a former partner at the accounting firm Arthur Andersen, will speak about the collapse of the company Tuesday at 12:30 p.m. at the Giovanini Commons.“ … The popular narrative about that company is it started as a firm of technical competence and integrity but somehow lost its way, leading to its demise,” Levey said. “Although the firm collapsed, he’s made it his mission in retirement to tell a competing narrative about the firm and the many people that went down with the ship — in his view — wrongfully. Eighty-five thousand people lost their jobs, and he’s on something of a mission to tell that story.”The keynote speaker for Ethics Week, Susan Ochs, will give her presentation Wednesday at 4:30 p.m. at Giovanini Commons. Ochs is a senior fellow and founder of the Better Banking Project and will speak on improving corporate ethical behavior. “Her focus is on organizational culture and, in particular, financial institutions, banks, investment banks, Wall Street,” Levey said. “One of the things she’s come upon when looking at banks is this notion of complexity. On Wall Street, folks seem to value complexity – the more complex the better. In most other walks of life, we try to keep things simple, and there seems to be some sort of bias toward complexity.”Ethics week closes Thursday night at 7 p.m. with a showing of the movie “Margin Call,” followed by a panel question-and-answer session in the Jordan Auditorium in Mendoza. The 2011 film follows people at an investment bank during the first 24-hour period of a financial crisis. “Each of the characters deals with this very practical, but also ethical, issue of what they should do,” Levey said. The panel following the film will include professional specialist Walter Clements, associate professional specialist Jessica McManus Warnell and senior management consulting major Kevin Frost.“Ethics and asking more of business is a hallmark of the Mendoza College of Business. Students have many opportunities to explore issues of ethics in business in and outside the classroom,” McManus Warnell said in an email. “Ethics Week is a chance for our Notre Dame community to come together and hear from experts in the field on key issues facing business today. These events allow us to hear from and discuss real-world implications of ethics in business — an important part of developing our own capacities to lead and serve.”Levey said Ethics Week is just a part of Mendoza’s dedication to making its students aware of ethical issues that arise in business. “We certainly have a reputation for ethics, and Ethics Week is just a part of that — it’s part of this ongoing and cumulative effort to expose students to ethical issues and raise their awareness, give them tools and hope it does some good in the long run.”Tags: business, Ethics week, mendoza college of businesslast_img read more

Coronavirus to drive the lowest interest rates in Australian history

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:04Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:04 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCameron Kusher Covid-19 update02:05More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours ago Mr Howen said the lowest interest rate right now as 2.09 per cent from ING fixed, with the major banks also sitting low with Commonwealth Bank at 2.19 per cent fixed. But he said that could drop down below 2 per cent even as soon as a month.“Will we see 1 per cent? It could happen but that will be banks and other lenders getting super competitive,” he said.“RBA has ruled out any further interest rate cuts … They’ve pumped majors and non banks with funding. If major banks are at 2.09 or 2.19 per cent now, there’s a chance that once that (funding) flows through to non bank lenders, we might see a 1 and we could potentially see that in a month or so.”“If you see a major bank with a 2.19 you go okay something’s up if they can offer such low rates, which is crazy.”Mr Howen said now that people were at home they had the time to go through their finances. FOLLOW SOPHIE FOSTER ON TWITTER Mr Howen said first home buyers and families refinancing current mortgages were driving the surge.“Our traffic has gone up five times,” he told The Courier-Mail. “We’re an online mortgage broker and lender, always 100 per cent online, and now that you can’t physically see people, we’re seeing a lot more people come through.”“This happened after the GFC as well, the stock market crashed, people took money out and people had self managed super funds. The same thing is kind of happening now. It’s early days but we’re getting that sense of people feel safer with property … It’s going to take a while to play out, I think six to 12 months.” Online brokers are seeing a rise in interest from people wanting to refinance and first home buyers.Homebuyers are lining up fresh new mortgages as the country prepares for what’s expected to be record low interest rates the likes of which Australia never dreamt it would see.Online lenders were already experiencing a massive spike in enquiries, with founder of Hero Broker Clint Howen, who runs Hero Home Loans online, seeing enquiries surge to five times their usual traffic.center_img MORE: Auctions wiped as vendors find new ways to sell Developers cautious but not deterred by COVID-19 threatlast_img read more

ITF/CAT 12 & Under Serves off in Lagos

first_imgMatthew Abamu was the star player as he has a hand in all th three gold medals won by Nigeria prominent of which was the boys’ singles final of the second leg where he defeated fellow Nigerian Emmanuel Jebutu in the final. Jebutu also hit the spotlight by beating Egyptian top seed, Hussien El Taweel who won the first leg without dropping a set in the semifinal; the Lagos-based player sealing a 4-6, 6-3, 6-0 win.Saminu Abubakar from Abuja also paired Abamu to win both legs in the doubles to also help in Nigeria’s haul of five medals which was enough to beat the likes of Benin, Togo, Cote d’Ivoire, Senegal and Egypt to the top of the medals chart at the week-long tournament.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The 2017 ITF/CAT West and Central Africa 14&Under championship will serve off today at the National Stadium, Lagos with Nigeria as favourite to dominate the five-day team event.The tournament is the qualifiers for the CAT Zone 2 for the African Junior Championship slated for Casablanca, Morocco later this year.Aside Cote d’Ivoire, who withdrew at the weekend, only Ghana, Benin, and Togo registered for the tournament.“Registration has already closed by Sunday evening. Most of the countries did not register apparently because of funds because we expected late registration all through the weekend but we did not get any information from the other countries,” Nigeria Tennis Federation Secretary General, Maria Akande, who confirmed the arrival of Ghana and Togo on Monday, said.Meanwhile, Nigeria reaffirmed it’s supremacy in the West and Central region by topping the medals table at the ITF/CAT 14& Under Circuit which ended in Cotonou, Benin at the weekend.last_img read more