Businesses should actively promote ethical decision-making if they truly want to reduce the risk of a Volkswagen-scale scandal. Writing in Ethical Corporation, Michael Pollitt argues that businesses need to ensure that the behaviours they promote are not just in line with company values, but that they actively promote ethical decision-making and good conduct.
As countless headlines have shown, it is often the ethical aspects of a company’s culture that lead to reputation-damaging scandals that devastate shareholder value and, with it, the company’s chances of long-term success. Indeed, in its consultation on the Corporate Governance Code, the FRC states that poor culture is a significant business risk in itself.
Posted June 2018
Failure to prevent economic crime looks set to become a corporate offence under the May administration. Speaking at the Cambridge Symposium on Economic Crime last in September, the attorney general, Jeremy Wright QC confirmed that a consultation on the introduction…
Michael Littlechild speaks to Radio 5 Live Wake Up To Money Radio 5 Live – March 30