The whole CGMA Competency Framework of technical, leadership, people, and business skills is underpinned by ethics, integrity, and professionalism. In fact, all that CIMA does and stands for is underpinned by ethics.
Companies wishing to thrive in the longer term need a sense of purpose and a set of values that are aligned with society and the more demanding expectations of the public.
Senior managers do not talk about the importance of maintaining ethical standards enough, and many employees are reluctant to report misconduct through internal procedures, an EY survey has found.
A new CGMA briefing, prepared in conjunction with the Institute of Business Ethics, sets out the steps individuals can take to conduct ethical due diligence on a prospective employer.
Executive remuneration is broken, unnecessarily complicated, too focused on the short-term, and in need of radical overhaul, according to the Institute of Business Ethics.
Recent legislation, such as the UK Modern Slavery Act, makes it increasingly important for businesses to understand how human rights risks affect their operations.
A briefing by the Institute of Business Ethics outlines the responsibilities organisations which collect and use personal data have and the questions to ask to evaluate where your company stands.
Organisations with strong ethics and compliance functions do more than check the box. They employ a strategy that is documented, measured, evaluated, and improved, according to a report from the Ethics and Compliance Institute.
Executive pay and perceptions of inherent unfairness are key elements in the lack of public trust in business. The Institute of Business Ethics has issued recommendations for remuneration committees on how to establish fairer and more sustainable executive pay.
Corporate tax avoidance is the primary concern the British public have with business behaviour, according to a survey conducted for the Institute of Business Ethics, and companies must increase transparency to regain public trust.
In a competitive marketplace, companies could gain a significant advantage by measuring, managing, and minimising their losses to fraud, which are equivalent to 5.6% of expenditure, says a report.
Although measuring culture is a difficult task, internal auditors are well-placed to provide boards with useful insight into the cultural health of their organisation by examining the cultural aspects that influence and affect the criteria that are being audited.
New CGMA research highlights a number of contradictions with regard to business and ethical issues. While there is increasing investor demand for ethical management information, companies struggle to collect and report such data.
High-profile scandals such as LIBOR and foreign exchange rigging have prompted authorities to introduce a raft of new regulations designed to raise ethical standards.
