On April 24, 2013, in Dhaka, Bangladesh, more than 1100 people were killed when Rana Plaza, an 8-story building housing a number of garment factories collapsed. In addition to those men and women who lost their lives, it is estimated that double that number were injured.
In the previous November another garment factory in Bangladesh burned down resulting in more than 100 deaths. Despite these disasters, Bangladesh has become the preferred supply source for a global group of clothing manufacturers and retailers competing in a garment category known colloquially as “fast fashion.”
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Many of the recently reported scandals in the business community involved conflicts of interest of one sort or another. John Holcomb, Professor of Business Ethics and Legal Studies at the Daniels College of Business talked to Dan Sweeney, the Director of the Institute for Enterprise Ethics to examine the nature of conflicts of interest and how best to deal with them in the executive suite and the boardroom.
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