Ethics, Risk and Governance

Publication type: Board briefing
21 July 2014

Tags: Corporate governance, Ethical Values

This Board Briefing sets out why directors need to be actively involved in setting and maintaining a company’s ethical values and suggests some ways to approach it. It aims to help directors define their contribution to the maintenance of sound values and culture.

Speed read

Chapter 1 describes how setting the right values and culture is integral to a company's success and its ability to generate value over the longer term.

Chapter 2 explores the place of ethics in strategy and governance. It looks at how the business model can be supported by ethical values, and the critical role they play in building trust and creating a corporare culture that will reduce risk and build value over the longer term.

Chapter 3 examines the practical implications for boards, how they might define the company's ethical values, and encourage 'tone at the top'.

Chapter 4 describes how boards can assure themselves that the desired behaviour is embedded and monitored. It looks at how codes of ethics, speak up lines, incentives, and monitoring and assurance processes can assist.

Finally, Chapter 5 looks at how ethical values can assist boards in decision-making and to avoid conflicts of interest.

Setting the right values and culture is integral to a company’s success and its ability to generate value over the longer term.

The challenge for business is how to develop and embed real values. This requires leadership and is a core task for boards.

Many boards acknowledge the importance of a healthy corporate culture, both because of the role this plays in mitigating risk and because of the value to their franchise of a sound reputation.

This Board Briefing sets out why directors need to be actively involved in setting and maintaining a company's ethical values and suggests some ways to approach it. It aims to help directors define their contribution to the maintenance of sound values and culture.

Ethics, Risk and Governance

Price: £30.00

Ethics, Risk and Governance
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