Survey reveals lack of policies and procedures for corporate ethics
Less than half of firms have board oversight of corporate ethics, while only 42% undertake mandatory ethics training for employees.
Image: EtiAmmos/Shutterstock
The difficulties of driving companies towards more socially responsible behaviour has been illustrated this week by research revealing the corporate struggle over ethics.
After studying 750 companies in 90 countries around the globe the research finds that less than half have established “board oversight” of corporate ethics while only 42% undertake mandatory ethics training for employees.
Conducted by Principia Advisory, in partnership with law firm Clifford Chance, the International Chambers of Commerce, the Institute of Business Ethics, Involve and GlobeScan, the findings appear to show that while corporate leaders understand t
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
Related Stories
-
Investment Association warns of ‘kitchen sinking’ by new CEOs
The practice of revising profit and dividend statements after the arrival a new chief executive has roused the ire of investors.
-
Values and governance integral to business success, says FRC
Financial Reporting Council chairman says wealth creation favours the few while governance must create an environment in which all stakeholders can thrive.
-
Business needs a Brexit Christmas gift, says IoD
Institute of Directors says businesses can only wait until March 2018 before making critical structural decisions to deal with Brexit.
