Amoral risk management is no longer welcome, so risk managers are “flirting” with ethics. The relationship may be tumultuous, but it could be a huge and healthy step forward, writes Anette Mikes.
Image (cropped): Shutterstock
Risk managers are flirting with business ethics. Does anyone hear wedding bells?
In the wake of the 2007–2009 financial crisis and subsequent rate-rigging, money-laundering and other financial-services scandals, we are recognising that figuring out what’s wrong must include an ethical discussion of what is right and wrong.
Amoral risk management is no longer welcome, which makes hypocrisy an enterprise risk. In 2015, Shell was called to account by Louise Rouse, an investor-relations specialist and consultant to Greenpeace, for
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda