Ethics of Risk Management in the Information Age

MON, FEB 8, 2010 (1:21:24)

Loyola University Business Professor John R. Boatright takes a look at the complex phenomenon of risk management and some of the ethical issues associated with it.

Although people have tried to manage risk for millennia, significant changes occurred in the mid-1990s that transformed risk management into a science that now guides much financial and business decision making. A product of sophisticated mathematical models made possible by powerful information technologies, today's risk management tools have created exotic securities and new markets that reduce some risks and increase others. Many critics have argued that there are important technical and ethical problems associated with these practices and that they may have significantly contributed to the Great Recession of 2007.

+ BIO: John R. Boatright

John R. Boatright is professor of business ethics in the Graduate Business School at Loyola University Chicago, and director of the Graduate Certificate Program in Business Ethics. He has served as the president and executive director for the Society for Business Ethics. He is the author of two books, Ethics and the Conduct of Business and Ethics in Finance, and is currently editing a forthcoming volume, Finance Ethics. He has published widely in many major journals, and serves on the editorial boards of three journals.

Partner
Bentley University
Series
Big Business: The Good Corporate Citizen Series