| Date: | Wednesday 21 Oct, 11am - 12pm |
|---|---|
| Location: | Online via MS Teams Auckland New Zealand |
| Cost: | Free |
| Contact: | zsarra.rose.perez@aut.ac.nz |
An archival study of the National Bank of Fiji and the Bridgecorp collapse in New Zealand was undertaken to understand the ethical issues highlighting different aspects of fraud in companies exposed to diverse cultural and business contexts (Fiji and New Zealand).
Structuration theory was selected as an analytical framework for the study as it recognises the role of human agency in constructing and reconstructing the social structure within which human action takes place.
The National Bank of Fiji crisis was shaped by political interferences where extensive lending was made to politicians and supporters of the ruling Party. In Bridgecorp, depositors lost NZ$500 million with disclosure fraud from a false prospectus. Firms with political interference are likely to face financial difficulties, and the demand for good governance is warranted in the wake of poor performance. On the contrary, firms embedded in transparent societies can more significantly curb unethical behaviour and potentially protect its citizens from harm from unethical actors.
The analysis undertaken in this study will assist regulators to understand the implications of weak governance mechanisms and the role of human agency in this process in corporate frauds particularly in countries where there is extensive political interference in the running of state institutions.
RSVP by email to register your spot. This seminar will be hosted online via MS Teams.