A new survey reveals 57% of the British public believe business behaves ethically, down from a record high of 62% last year.
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The reputation of business for ethical behaviour is sometimes not what it should be—and new research reveals that public expectations have fallen.
A survey by the Institute of Business Ethics (IBE) finds that 57% of the British public believe business behaves ethically compared with last year’s 62%, which was the highest level of confidence in business behaviour since the survey was launched in 2003.
It seems that executive pay and tax avoidance are major factors in reducing public confidence in business ethics. And in the year in which Greta Thunberg became Time magazine’s person of the year, so too has the environment.
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