The IBE Blog

Stop Press - trust in business on the rise

Directors' Blog: Philippa Foster Back CBE

Although this is the season to be merry, opening a newspaper or your newsfeed, you would be forgiven for feeling pretty gloomy –

constitutional crisis in the UK, riots in Paris and Sir David Attenborough’s warning that time is running out unless we do something about climate change, to name a few.

But at the Institute of Business Ethics, we have some cautious good news. Public trust in British business is at its highest level in 15 years.

Making the Financial Reporting Council fit for purpose

Directors' Blog: Peter Montagnon

Sir John Kingman will by now be putting the final touches to his report on the future of the Financial Reporting Council. 

Whatever he decides, some change seems inevitable for an organisation whose role encompasses both standard setting and enforcement. Insofar as these roles are combined, he might do well to consider whether the governance approach that seems best for one is also best for the other. The answer could point to the extent to which there is a real need for change.

Trust is the currency of ethics

Emmanuel Lulin, Senior Vice-President and Chief Ethics Officer, L’ORÉAL

 Ahead of the launch of IBE’s Ethics at Work: 2018 survey of Employees: France, Katherine Bradshaw caught up with Emmanuel Lulin, Senior Vice-President and Chief Ethics Officer at L’ORÉAL, silver supporters of the Ethics at Work survey.

Every day is Ethics Day

Directors' Blog: Philippa Foster Back

This week sees the celebration of both World Values Day and Global Ethics Day.

But to us here at the IBE, every day is ethics day.

Of course, we support awareness raising days in principle.  It is great to see organisations focusing on ethical values and talking about what’s important to them and the way they do business. You can see how some of IBE’s supporters interpret what ethical business means to them on our website. 

How do you interview for ethics?

Research Hub Blog: Linn Byberg

An organisation’s hiring process is a potential employee’s first encounter with its ethical values, so it makes sense that the conduct of employees during the interview phase should be awarded due care.

Making Section 172 come alive

Directors' Blog: Peter Montagnon

Section 172 of the UK Companies Act 2006 has become a kind of code-word for corporate culture. 

Mention it in a discussion on corporate governance and learned heads will nod wisely as if all we have to do is get Section 172 right and everything will then be fine.

In a few brief sentences, this piece of legislation manages to capture just about every relationship a company needs to interact smoothly with the society on which it depends for its social licence to operate. Yet this also depends on getting the balance right, and here the authorities seem to be missing a trick.

Values are like fingerprints

Tim Langton: Centrica

"Values are like fingerprints. Nobody's are the same, but you leave 'em all over everything you do.”

"This Elvis quote exemplifies why the Ethics at Work survey is so interesting for us at Centrica from a corporate perspective,” says Tim Langton Group Ethics & Compliance Officer at Centrica, IBE subscribers and silver supporters of the survey. "So it really struck a chord when Jo Morgan, who heads Ethics and Compliance at Rolls Royce, used it at the launch of IBE’s Ethics at Work survey.

"Elvis was right – everyone looks at ethics differently and ethics at work doesn’t necessarily mean the same thing to everybody. That’s why we’re looking at the results of the survey to create a dialogue about what ethics at work means for us as employees and as an organisation.”

Research Hub Blog: How are Aviva encouraging an open culture?

A key finding in this year’s Ethics at Work survey is that, of the third of European employees who have been aware of misconduct at work during the past year, just over half of them (54%) spoke up.

So how do you encourage an open culture? One where employees can have the confidence to speak up about issues, and trust that they will be listened to and their concerns acted upon without fear of repercussions?

IBE subscribers, Aviva, silver supporters of the Ethics at Work survey, are examining ways to encourage greater trust in their Speak Up and investigations process.

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