EBEN Workshop «Self-Regulation of Market Ethics»

Pedro Francés Gómez, investigador y miembro de FiloLab, participa el 20 de mayo en el evento EBEN workshop Self-Regulation of Market Ethicsen el área de Sostenibilidad, Transición y Autorregulación (Sustainability, Transition and Self-Regulation) junto con Germán Granda-Revilla (Forética/ Universidad de Comillas, Madrid, Spain) y Amparo Merino (Universidad de Comillas). Los talleres están divididos en dos jornadas, el 28 de abril y el 20 de mayo, y abordan diferentes facetas éticas y económicas de la teoría y la práctica de la autorregulación de los mercados.

EBEN Workshops, April 28 and May 20

Self-Regulation of Market Ethics

There are several mechanisms that enforce companies to refrain from unethical behaviour: 1) market competition, 2) state regulation, 3) self-regulation by a voluntary association of participants within the same profession or market who sets the ethical rules of conduct and punishes violators. Self-regulation can lead to more effective results when government regulation is lagging behind or fails to solve the problem. However, what are the conditions for effective self-regulation mechanism? We would like to develop a comprehensive theory of self-regulation of market ethics and develop its application to various industries in different countries.

Relevant topics to focus on:

  • Factors of effectiveness of self-regulation
  • Code of conduct for industrial or professional association
  • Monitoring system of compliance with the code
  • Punishment system for violators of the code
  • Platforms for collecting company reviews
  • Certification and licensing systems
  • Rating systems of ethical behavior
  • Corporate compliance systems and their certification
  • Co-regulation as combination of state regulation and self-regulation
  • Self-regulation in various industries

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