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 behaviour and the ability to weigh up ethical dilemmas under ‘safe’ conditions.
Economia covers the essential issues, news and analysis relevant to those in business, finance and accountancy. The member publication for ICAEW chartered accountants, Economia brings essential technical accountancy content, plus a broader range of material covering business, economics, management and finance.
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.
