This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Session number and title(goes here in 32pt Georgia)
Business ethics context • Business ethics is a management accountability in
US, UK & Europe • Australia is out of step with its laissez faire attitude• Institutional integrity is modern day focus• Ethical risks are known & regulators demand more
than a paper trail• IBM’s research points to the inevitability of greater
organizational transparency & accountability• Current leaders invest in ethics management systems
to protect their people• Embrace increased transparency as the enabler of
• Loss of human liberty; reputation & livelihood• Family shame , Company shame, Nation shame• Increased legislation• Destabilisation social fabric of societies• Inter-generational adversity – robbed of right to work &
participate in the marketplace; right to same wellbeing as parents’ generation
How to - build organisational integrityDemonstrate ethical leadership e.g. remunerations that reward sustainable practices & culture builders and not just bottom line resultsActive culture measurement as well as compliance Train employees & reinforce with visible action on poor behaviourDesign systems to promote high level of trust
DisclaimerThis paper represents the opinion of the author(s) and not necessarily those of the Institute of Chartered Accountants in Australia (the Institute) or its members. The contents are for general information only. They are not intended as professional advice – for that you should consult a Chartered Accountant or other suitably qualified professional. The Institute expressly disclaims all liability for any loss or damage arising from reliance upon any information in these papers.