Tag: academic essay

Is regulation necessary to strike the right balance between embracing the opportunities of innovation and protecting people from risks in the delivery of legal services?

‘Covid-19 has shown how technology can enable legal services to be delivered in a way that reduces costs, complexity and increases efficiency. While the long-term impacts of Covid-19 on the sector continue to unfold, the question is how the opportunities and risks technology and innovation offers can be embraced and managed in ways that unlock benefits for both citizens and legal professionals. Regulation has an important role to play in realising these benefits.’ Critically evaluate the above statement and the ethical implications of the use of technology in the innovation and delivery of legal services. Is regulation necessary to strike the right balance between embracing the opportunities of innovation and protecting people from risks in the delivery of legal services?

Describe how the Wells Fargo community bank incentive plan resulted in unethical and in most cases, illegal behavior.

What Gets Measured, Gets Managed” by Witman (2018) .Describe how the Wells Fargo community bank incentive plan resulted in unethical and in most cases, illegal behavior. How did the program objective (8 products per customer) contribute to the misbehavior of employees? Do you think that incentives for higher ranking employees (i.e. executives of the community bank) played a part in the depth and scope of the problems? Thinking more broadly, the plan started in 2003 and did not become exposed as a problem until late 2016. What role could the compensation group have played in minimizing the likelihood of cheating to earn incentives when structuring the plan?