<event-ethics-competition>

Sub-prime mortgage lending is topic of Fourth Annual College of Management Business Ethics Competition

Competition entries due April 15

April 1, 2008 - The Fourth Annual College of Management Ethics Competition for undergraduate students explores the "Ethics of Sub-prime Lending."

Sub-prime lending started with a good social purpose but now borrowers face the pain of home foreclosure and the mortgage industry suffers layoffs from the sub-prime collapse. Even as companies write off billions of dollars from foreclosures, executives still have huge pay days.

These are the main case points that Greg Young, associate professor of business management and administrator of the annual Ethics Competition, presents for students preparing to enter the competition. Young also is faculty advisor for the college's Business Ethics Society which hosts the annual competition.

Students may choose any topic to address in their competition presentation, as long as it remains within the stated theme. Each entry must be research paper that includes:

An analysis of any topic within the theme
Persuasive justificaiton of the importance of the team's topic
Demonstration of a best practice ethics management plan for the topic

Complete details and guidelines regarding the competition are available online [PowerPoint].

The teams submitting the top five entries will be selected as finalists and will present to a panel of judges. Criteria for the final judging will include demonstrated value of the plan and clarity of communication.

The annual event has been gaining interest from both students and companies over the past few years. It is hosted by the Business Ethics Society, a student organizaiton based in the College of Management, and sponsored by the BB&T Leadership Development Fund through the College of Management and NC State Foundation.

Following is the timeschedule for this year's event.

Tuesday, April 15 - student workshop, 11:15 AM - 1:00 PM, 1120 Nelson
Tuesday, April 15 - team entries are due by 11:50 p.m. via email to Greg Young
Thursday, April 17 - announcement of the top five entries that will advance to the finalist round
Tuesday, April 22 - finalist teams present to judges
- 1:00-3:00 p.m. - team presentations to judges
- 3:30-5:00 p.m. - awards program and reception, Nelson Commons

Three team prizes will be awarded:

first place, $1,000
second place, $500
third place, $250.

The competition is open to all undergraduate students, and each team must have at least two members and no more than five.

Students planning to enter the competition are encouraged are attend the April 15 student workshop. For additional information, contact Greg Young.