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Thursday, August 7, 2014

Turning To Ethics When Trust In Business Is At An All-Time Low

By Dina Medland
Originally posted July 24, 2014

Here is an excerpt:

The latest report from the UK’s  Institute of Business Ethics  (IBE) sets out why company directors need to be actively involved in setting and maintaining a company’s ethical values. One of the lessons of the 2008 banking crisis has been that ethics matters to business, both in terms of its reputation and its sustainability, writes Peter Montagnon, Associate Director  in Ethics, Risk & Governance: a board briefing paper. The challenge for business is how to develop and embed real values in order to regain public trust, needed if they are to secure their franchise for the long term.

The entire article is here.