Tags: Ethics Programme issues
This draft guidance is intended to provide practical recommendations for boards as they seek to promote an ethical business culture within their organisations.
Under the UK Corporate Governance Code, 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’. The importance of establishing an ethical culture is now widely recognised across organisations in the private, public and third sectors, but there is little guidance available to the boards of these organisations on how they should promote and monitor culture. The following guidance is intended to fill this gap.
Background: The IBE convened an advisory group comprising a majority of corporate board members plus representatives of business ethics practitioners and a company secretary, and sought advice from regulators to share and oversee the development of this guidance for boards.
We encourage you to download the guidance document below and submit your feedback/comments.
Response
The consultation period is closed.
Guidance
Click here to download the final guidance.
Advisory group members
Chair
- Simon Thompson, President of the IBE Advisory Council; Senior Adviser, Rothschild & Co.; and former chair of 3i Group, Rio Tinto and Tullow Oil
Members
- Dr Margaret Casely-Hayford CBE, Non-Executive Board Member, Co-op Group, and Chair, Shakespeare’s Globe
- Sir Douglas Flint, Chairman, abrdn
- Robert Smith, Director of Business Compliance and Ethics, Serco
- Graham Staples, Group Company Secretary, Schroders
- Jasmine Whitbread, Chair, Travis Perkins plc
Observer
- David Styles, Director of Corporate Governance and Stewardship, Financial Reporting Council
IBE support
- Dr Ian Peters MBE, Director
- Rachael Saunders, Deputy Director