Posts Tagged ‘risk management’

whistleblowing

Whistleblowing expert Sally McDow and Cranlana Centre for Ethical Leadership Lead Moderator Peter Mares talk about the potential pitfalls created by the temporary relaxation of rules which allow organisations to be nimble in their response to the crisis, the importance of a strong and effective whistleblowing process, and how to avoid hearing about your problems for the first time in the media.

via The Mandarin, 31 May 2020

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ethical fade

Ethical fading is a legitimate business risk. It occurs when the ethical aspects disappear from the decision-making process and happens when people focus heavily on some other aspect of a decision, such as profit. CEOs and executive teams may focus on compliance, but other competing priorities within the company might influence the final decision. That can lead to court, and penalties. Fines can convert ethical issues into business problems by attaching a price tag to them.

This piece draws lessons from the case of Carnival Corp. and its subsidiary Princess Cruise Lines, which were initially fined $40 million for dumping waste, and then another $20 million for violating their probation terms, by the US Department of Justice.

Via Markkula Centre for Applied Ethics, Santa Clara University, 24 June 2019

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ethical leadership in business

Communities globally are become increasingly vocal about their expectations of business and government. Businesses are responding to the growing evidence pointing to the many benefits of strong ethical leadership for businesses in terms of brand safety, reputation management, staff retention, managing compliance and growing market share.

Who wouldn’t want to be bathing in the glow of stakeholder approval, presenting sterling balance sheets to the board and presiding over a workforce of happy, motivated and loyal employees? Particularly when there are high profile examples of the fate awaiting organisations which misread or disregard public sentiment on issues which affect the lives and futures of the communities within which they operate.

So, how do you arrive at this enviable position?

February 2020

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