Wednesday, May 16, 2007

An ethical issue

The world bank president is facing a threat of possible loss of job because his violation of code of ethics. The detail about his offense is he abused his power in granting a huge raise to his girlfriend, shaha Ali Riza, while keeping legal and human-resource officers out of the loop. A wide split in the opinions wether to keep him on the job and firing him is getting more fierce.

In my opinion, his offense of favortism to his girlfriend does not amount to resignation proceedings. The board should also take some responsibility in letting it happen so easily. The world bank's internal controal system must have some loop holes that enables such thing to happen. So, instead of placing blames on anyone, the board of world bank should start looking inside and improve its internal control processes and make improvements so that any furthur violations of the sort will be prevented.

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