IAN W. JONES is a Management Lecturer at Somerville College, University of Oxford, UK, a Fellow of St Andrews Management Institute, UK, and DBA Research Director at the Edinburgh Business School, UK. He, together with Michael Pollitt, leads the Ethics, Regulation and Globalisation project at the Centre for Business Research, University of Cambridge, UK. MICHAEL POLLITT is a Reader in Business Economics at the Judge Business School, University of Cambridge, UK. He is also Fellow and Director of Studies in Economics and Management at Sidney Sussex College, Cambridge, UK. DAVID BEK