Business ethics: moving beyond just compliance
As a topic, business ethics moves beyond the usual focus on compliance issues and is highly relevant to financial professionals. Incorporating business ethics training for staff can help imbue a strong ethical culture within an organisation. This article gives a brief introduction to ethics, before exploring the relationship between ethics and the law and outlining sets of ethical principles. Finally, it looks at the benefits to financial professionals of a deeper understanding of ethics, including better appreciation of the consequences of behavior and the ability to weigh up ethical dilemmas under ‘safe’ conditions.
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Q G Rayer (2017), Business ethics: moving beyond just compliance, Economia, available at http://economia.icaew.com/en/opinion/september-2017/business-ethics-moving-beyond-just-compliance, 3 pages, 12 September 2017.