It’s a word we’re used to seeing almost daily now—mi-selling. This week it was MPs lambasting high street banks and the financial regulator for failing to settle thousands of claims from small businesses. The victims had been “mis-sold” interest rate swops. When it comes to unethical business behaviour it’s time […]
It’s tough getting employees in organisations to follow corporate codes of good behaviour. Achieving compliance is now a major growth industry across many developing nations. Recently charged with spearheading Barclays group-wide compliance function, Sir Hector Sants, previously head of the UK’s financial regulator, has just taken three months leave of […]
Troubles at the Co-op bank throw yet another spotlight on the merits or otherwise of ethical investing. The Bank previously made a proud name for itself as a leader in setting ethical standards for its investments. Its latest troubles are an unpleasant slap in the face for ethically-minded investors. For […]
Andrew Leigh talks to CEO of Public Concern at Work, Cathy James. Shooting the messenger has a long and hardly glamorous history. In business, the practice is alive and well, as companies struggle to turn their good intentions to run a responsible business into a reality. Confusion often reigns about […]
Andrew Leigh talks to Stephen Howard, Chief Executive of Business in the Community Andrew: From your perspective, is ethical engagement an issue for Business in the Community? Stephen Howard: Yes, we would say that ethical engagement is part of responsible business an important issue for Business in the Community. Increasingly employees want to […]
If anyone doubts ethical misbehaviour can be a costly corporate experience they should contact Mr Jamie Dimon, who currently runs J.P Morgan the major US bank. The extraordinary size of the financial penalties facing this organisation may have slipped your notice. But it’s estimated the fines or settlements faced by […]
PERFORMANCE Does performance management have an ethical dimension? If you are involved in this kind of work you quickly discover its potential for good or harm. For example, a line manager who conducts faulty or biased appraisals can fundamentally damage someone’s life. This may partly explain why so many managers […]
REPUTATIONS [1] “It takes 20 years to build a reputation and five minutes to ruin it,” warned Warren Buffet, renowned for his long-term investment perspectives. “If you think about it for a moment,” he continued, “most people would do things differently.” His remark seems ever more apposite in the wake […]
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