The IBE monitors the UK media for stories about business ethics issues and challenges.
Search Ethics News by
company Uber has said it will conduct an "urgent investigation” into claims of
sexual harassment at the company. A
blog post written by former Uber engineer Susan Fowler detailed a litany of
instances during her time at the firm "What
she describes is abhorrent and against everything Uber stands for and believes
in,” Uber boss Travis Kalanick said in a statement.
Aviva has threatened to terminate contracts with suppliers that fail to promote women to senior roles. Sarah Morris,
human resources boss at the insurer, has issued the warning to more than a dozen subcontractors — thought to include recruitment firms, catering suppliers and specialist providers of insurance services.
A Christchurch man has apologised for ripping off elderly clients at the estate management company where he worked.
Robert Thomas Clark, 44, has repaid $21,000 of the $66,634 he stole from client accounts at Perpetual Guardian, where he was a client manager.
He now has other work and his new employer knows about his offending, which he admitted with a guilty plea to a charge of theft by a person in a special relationship on December 8.
350 businesses in Britain have been named and shamed by the Government for
underpaying thousands of workers a total of nearly £1m. It
is the biggest ever list of the national minimum wage and living wage offenders
produced by the Business Department since the policy of "naming and shaming”
was announced in 2013.
The Austrian defence ministry has said that it will sue the European aircraft manufacturer Airbus over alleged corruption and bribery. A spokesman for the country’s defence ministry, speaking to AFP, said that the findings
into an investigation of a 2003 deal under which Airbus sold 15 fighter jets worth €2bn to the government, would be presented later in the day.
Börse’s chief executive, Carsten Kengeter, said he was "certain” that
allegations of insider trading against him would prove "unfounded”, in his
first public statement since a German prosecutor announced it was investigating
of Argos workers are to receive a total of £2.4m in back pay after HM Revenue
& Customs inspectors found they had been paid less than the minimum wage
and hit the chain, which is owned by J Sainsbury, with a £1.5m fine.
UK’s audit watchdog has called for powers to discipline company directors over
financial reporting failures as it said it would launch a review of the UK’s
Corporate Governance Code. The
push to strengthen the regulator’s authority comes after corporate governance
scandals, involving directors at retailers BHS and Sports Direct, led to a
parliamentary select committee inquiry into the way UK companies are run.
A raft of international banks
face prosecution in South Africa over claims they manipulated the
rand during the global forex trading scandal, which has already seen billions of dollars of fines imposed on the industry by regulators around the world.South Africa’s Competition Commission said on Wednesday it had recommended that a total of 17 banks — including JP Morgan, Bank of America Merrill Lynch, HSBC, Credit Suisse and Barclays — be prosecuted following an investigation into
rand manipulation that it began in April 2015.
Former business clients of the Royal Bank of Scotland are accusing the bank of systematically manipulating documents to cover up wrong doing. In an exclusive interview with the BBC, a former RBS employee has come forward to support allegations of document manipulation within the bank.
of people who bought tickets for gigs by artists including Ed Sheeran through
Viagogo claim the website is withholding thousands of pounds in refunds, after
a "glitch” saw them overcharged.
fans said Viagogo is ignoring complaints, leaving them out of pocket for weeks
and fearing they will be unable to make ends meet this month.
conference purporting to celebrate the best and brightest businesspeople and
executives in the north of England has been criticised after all 15 main
advertised speakers were men.
attacks on the government and businesses are increasing in their frequency,
severity and sophistication, Philip Hammond, the chancellor, has said. In
advance of the formal opening of the National Cyber Security Centre (NCSC) by
the Queen and the Duke of Edinburgh, Hammond said companies needed to sharpen
their approach as the threat of hacking attacks "increases and intensifies”.
One of the last bastions of
face-to-face trading in the City of London has raised the hackles of its staff
by banning alcohol during working hours.
of London, the insurance market, has issued new guidance to its 800 employees
that includes a 9-5 prohibition on drinking alcohol. The ban only applies to
Lloyd’s staff, rather than the insurance brokers and underwriters who do
business in the 329-year-old market.
feeling among workers that they lack control or a voice in the workplace is
fuelling "misery and anger in British society”, the chair of a Downing Street
review of modern employment has said.
head of Samsung has been questioned for a second time and four executives face
arrest as South Korean prosecutors continue their investigation into a
multi-layered corruption scandal.
has proposed freezing its chief executive’s maximum pay package for three years
as it seeks to avoid the pay disputes engulfing other companies. The
bank has consulted investors on plans to leave the arrangements for Jes
Staley’s salary, bonus and other benefits — under which he can earn up to £8.2
million a year — unchanged between 2017 and 2019.
customers are being short-changed by promotions which have expired but are
still advertised on the shelves, a BBC investigation has found. It
revealed shoppers were overcharged at two-thirds of stores visited by an
undercover reporter. In
33 of 50 stores visited, multi-buy promotions were marked on the shelf, but the
time-limited discounts were not applied at tills.
Some takeaway delivery couriers say they are being paid as little as £1.74 an hour, far below the national minimum wage. A courier in Leeds self-employed through Jinn, an app that allows customers to have meals and groceries delivered to their homes from outlets such as McDonalds, KFC and Sainsbury’s, provided evidence to the Guardian that he had been paid just £125 for 72 hours’ work.
company Kaléo – already under fire for raising the price of an overdose
antidote – now plans to put an alternative to the EpiPen on the market for more
than seven times the cost of the leading $608 drug.
decision to charter the jet – at a cost to the taxpayer of £101,792 – raised
eyebrows among Whitehall mandarins. But when it comes to Saudi Arabia, normal
UK rules don’t seem to apply. For decades the two kingdoms have quietly enjoyed
a symbiotic relationship centred on the exchange of oil for weapons. Now this relationship
has come under scrutiny as a result of a judicial review brought by the Campaign
Against Arms Trade (CAAT), which has sent alarm bells ringing in Whitehall. The
case follows concerns that a coalition of Saudi-led forces may have been using
UK-manufactured weapons in violation of international humanitarian law during
their ongoing bombardment of Yemen, targeting Iranian-backed Houthi forces
loyal to the country’s former president.
City investors are to propose the creation a "sin bin” for companies that
overstep the mark on bosses’ pay, as part of a government clampdown on
corporate governance failures.
proposals expected to be submitted to ministers this week, a company would
automatically face a binding vote on its pay policy at its next annual general
meeting if more than a quarter of shareholders protest against the directors’
Thomas Cook has responded to shareholder pressure and reduced the maximum payout for its chief executive under a new long-term bonus
plan, after a third of investors voted against it.
of the world’s biggest brands are unwittingly funding Islamic extremists, white
supremacists and pornographers by advertising on their websites, The Times can
rate at which women are being promoted to the boards of the UK’s largest
companies has slowed for the first time.
made up 29 per cent of hires to UK boards last year, down from 32.1 per cent in
2014 and 31.6 per cent in 2012. This compares unfavourably to western Europe
where women were 35.4 per cent of hires to boards, and France, where the figure
was more than 57 per cent.
will review cases in which customers became victims of the fraud perpetrated by
its Reading branch, raising the prospect that it will offer compensation. The
bank said that it would appoint an independent third party to carry out the
work in consultation with the Financial Conduct Authority. The move was
cautiously welcomed by some of the small businesses affected.
survey of 1,600 women working in architecture suggests that in the past year
more than half have experienced sexual discrimination, including sexism,
bullying or harassment.
Rolls-Royce is facing a new multimillion-pound bribery and corruption investigation, barely a fortnight after it agreed to a £671 million out-of-court settlement with
fraudbusters on three continents over corruption.
that let touts resell tickets could be prosecuted unless they have permission
from event organisers, under proposals aimed at curbing the secondary ticketing
5 per cent of FTSE 100 companies have disclosed having a director responsible
for cyber risks despite fears that corporations are increasingly in danger of
becoming targets of hacking.
nine in 10 of the FTSE 100 companies identified "one or more” elements of cyber
risk in their disclosures, according to a study by professional services firm
drivers have told MPs they felt trapped in a job that forced them to work long
hours just to cover costs including the purchase of their cars. The
drivers told the Commons work and pensions select committee they were locked
into their jobs after paying for expensive cars in order to get higher-paying
executives will be put on the spot by MPs on Monday and told explain the
company’s response to a fault in their cars which causes them to burst into
grilling by the Transport Select Committee comes at a difficult time for the
car maker, with parent company General Motors due to report its annual result
the following day.
pre-emptive strike against fat cat pay is being orchestrated by a group of
Britain’s biggest fund managers. Fearful
of a tide of new corporate governance regulations from Theresa May’s
government, 13 top fund managers have reached an agreement to attack
"unjustifiable” pay rises and soft targets on bonus deals.
The Queen's official grocer has pulled New Zealand-made manuka honey from its shelves after testing found lower than expected levels of a key ingredient. Fortnum & Mason removed the pots of honey after testing by the United Kingdom's Food and Environment Research Agency (FERA) laboratory found some contained low levels of the manuka's active ingredient leptosperin.
& Co has been fined by the Swiss authorities for its part in handling money
linked to 1MDB, the Malaysian sovereign wealth fund at the centre of an
international investigation into the alleged theft of state assets.
IBE monitors the media for business ethics stories
Keep up to date with the latest surveys, blogs and newsletters
Some common ethics issues and challenges
Sample scenarios for teaching and training.
Answers to the most frequently asked questions