This paper provides a detailed study of fraud in practice through an empirical investigation of B.P.Sayers, a family-owned stockbroking firm that had been in existence for over 100 years and that collapsed due to the fraudulent activities of the firm's junior partner. An interpretive narrative methodology has been employed which has resulted in the development of a detailed understanding of fraud and moral breakdown in organizations, resulting from a failure of responsibility that arises from a dysfunctional work identification and its (...) moral implications. In developing this account of fraud, the conceptual framework utilized is drawn from the moral philosophical work of Emmanuel Levinas who explicated how the breakdown of social relations of responsibility results, in turn, in moral breakdown. (shrink)

Since 2000, different types of organisations have registered for the UN Global Compact, an essential guide for undertaking socially and environmentally responsible business. As revealed by the UNGC data, enthusiasm in Muslim majority countries for subscribing to the Compact is comparatively much less than in any other parts of the world. Analysing the phenomenon and the possible reasons thereof, this article examines individuals’ economic responsibility in these MMCs in adhering to the principles of the UN Global Compact. The work shows (...) that regime types, economic conditions, economic structures, and civil society conditions seem to have contributed significantly in the UN Global Compact participation by organisations in MMCs. The paper argues that Muslims should fulfil their individual religious obligation by valuing, upholding, and applying the principles of “public interest” in all commercial dealings not awaiting national consent or the organisations’ conformity to the Global Compact. (shrink)