Hubris and the Financial Sector: Making a Possible Case for UbuntuGloria Esteban de la Rosa*
Professor of Private International Law, University of Jaén, Spain
- *Corresponding Author:
- Gloria Esteban de la Rosa
Professor of Private International Law
University of Jaén, Spain
Tel: 34 953 212 118
Received Date: January 20, 2014; Accepted Date: March 24, 2014; Published Date: March 26, 2014
Citation: Gloria Esteban (2014) Implementation of the Moroccan Family Code by Spanish Authorities to Immigrant Women (Through the “Recognition Method”). J Civil Legal Sci 3:116. doi: 10.4172/2169-0170.1000117
Copyright: © 2014 Gloria Esteban de la Rosa. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Global financial sector scandals have presented an opportunity for an examination of what is going wrong in the industry. Regulators have responded through structural and legislative changes that are aimed at arresting the highly criticised corporate culture. This article argues that while such measures are commendable, they are nevertheless inadequate as they do not address the root-cause of the problem. To that end it suggests experimenting with the norms of ubuntu. It contends that the ethos of ubuntu would arguably engender a new corporate governance regime which would address those human tendencies that are at the core of the maligned financial sector conduct.