Ethical governance: dilemmas and trade-offs?
In the face of conflicting demands and interest, how can decision-makers understand the terms ‘ethics’, ‘integrity’ and ‘doing the right thing’ in the context of their own business? In this webinar, our panel explored the importance of business leaders and ethical issues of today and tomorrow.
Going beyond compliance, an ethical culture plays a significant role in fostering a potential competitive advantage. Building trust, loyalty and advocacy among employees, customers, suppliers, regulators and other stakeholders can pave the way for sustainable success.
Co-hosted by Ernst and Young (EY), the Institute of Business Ethics (IBE) and the Institute of Chartered Accountants of Scotland (ICAS), this virtual event is about the vital importance of business leadership, with a focus on boards, addressing the major ethical issues of today and tomorrow, including sustainability.
Catch up here...
Please note that our webinar panellists' views and opinions do not necessarily reflect those of the Institute of Business Ethics.
IBE's guidance for boards emphasises the ever-growing need for companies to ensure they have an ethical business culture. The guidance provides boards with practical solutions for promoting and monitoring their organisations’ culture aligned to the current Financial Reporting Councils (FRC) UK Corporate Governance Code which states that the board of a listed company is required to ‘establish the company’s purpose, values and strategy, and satisfy itself that these and its culture are aligned. All directors must act with integrity, lead by example and promote the desired culture’.
ICAS believe that every individual needs to take personal responsibility for their own role in “doing the right thing”. It is the individuals working within organisations who ultimately determine whether the ethical values which an organisation seeks to emulate are actually realised. It is the behaviour of the individuals within organisations which is of fundamental importance.
- The FRC released their consultation on the Corporate Governance Code, aiming to continue to promote good governance across all components, including the board’s responsibilities as it relates to culture and sustainability. Sustainability encompasses ESG-related matters that are material to an organisation’s business model as well as environmental and social issues vital in delivery of an organisation’s strategy, including climate ambitions and transition planning.
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Please note that our webinar panellists' views and opinions do not necessarily reflect those of the Institute of Business Ethics
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