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    1. Ekonomi och Ledarskap
    2. Företagsekonomi
    3. Affärsetik

    Business Ethics Twin-Track

    Combining Controls and Culture to Minimise Reputational Risk

    AvSteve Giles

    Inbunden, Engelska, 2015

    Del i serien Wiley Corporate F&A

    503 kr

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    Beskrivning

    Institute a proactive reputational management framework that matches individual behaviour to organizational values The Business Ethics Twin-Track is a practical guide to reputational risk management. A deep exploration of the concept of reputation, the ways in which it can suffer, and the consequences when it does, the book outlines an ethics controls framework that can mitigate risk and improve business performance. Readers will learn how to identify and manage weaknesses, and how to institute a system of governance that embeds proper, ethical conduct into the corporate culture. A clear set of controls and procedures provides actionable instruction that can be customised to suit the organisational structure, and discussion of historical and international ethics provides the context for implementation. Case studies illustrate the real-world applications, while interviews with executives from a variety of sectors provide important practical insights into some of the key issues discussed in the book.The law regulates behaviour in health and safety and financial crime, but otherwise, conduct is largely determined by the culture, ethics and values of an organisation. Effective reputation management is complex, and often difficult to achieve, as much of the available information on the topic is more theoretical than practical. This book bridges the gap by providing the tools that will help managers to: Implement a modern ethics control framework, encompassing codes, officers, reporting lines and trainingConsider the role of the media and social media in reputational damage to individuals and organisationsAnalyse the key controls in responsibility and governance frameworks from around the worldDetermine the causes and controls of conduct risk, including incompetence, negligence and criminalityToday's fast-paced media environment means corporate reputations can be obliterated in moments, and damage limitation is often too little, too late. Adopting the measures set out in this book will embed ethics into the culture, and match people's behaviours to the organisation's values.

    Produktinformation

    • Utgivningsdatum:2015-05-01
    • Mått:176 x 252 x 25 mm
    • Vikt:730 g
    • Format:Inbunden
    • Språk:Engelska
    • Serie:Wiley Corporate F&A
    • Antal sidor:336
    • Förlag:John Wiley & Sons Inc
    • ISBN:9781118785379

    Utforska kategorier

    • Affärsetik inom Ekonomi och Ledarskap

    Mer om författaren

    STEVE GILES is a chartered accountant with over 20 years' experience of advising directors on business issues concerning governance, risk and compliance. After leaving Deloitte in 1997, Steve has set up and run two companies and has worked with directors and senior managers in the UK, Continental Europe, and the US to achieve successful solutions to a variety of business problems resulting from corruption, inappropriate conduct, incompetence or negligence. Now an independent consultant, he continues to advise his clients but also speaks extensively around the world on corporate governance, risk management and business ethics. Steve holds an MA from Christ Church Oxford, is an Associate Member of the Institute of Chartered Accountants in England and Wales, has been a Visiting Lecturer at the University of Hertfordshire and is the author of Managing Fraud Risk: A Practical Guide for Directors and Managers published in 2012 by John Wiley & Sons.

    Innehållsförteckning

    • Acknowledgements xvPrologue xviiOpening xviiCorporate values: an old story xviiThe ‘say-do’ gap xviiiAbout The Book xviiiOriginal idea xviii2012 effect xixStructure and methodology xxMy Experience xxiiAudit, risk and forensics xxiiGovernance xxiiBusiness ethics xxiiiSpeaking and writing xxiiiThe Book: Key Messages xxivOverarching principles xxivTwin-track approach xxivRole of compliance xxvReference points xxviSummary xxviiPersonal perspectives xxviiRoad test xxviii‘Simply the way we do things here’ xxxClosing xxxValue statements: a modern story xxxChapter 1: The ethics projectThe Opportunity 1Initial contact 1Coaching session 2An unexpected request 3Hot talk, cold chicken 4The Stronach Group Plc 6Background research 6Corruption allegations 8Recent trading difficulties 9The board of directors 10An Offer From The Chairman 12The meeting 12Strategic review 13The ethics project 16Key takeaways 17Disclaimer 18Chapter 2: The business ethics frameworkThe Ethics Project: First Workshop 19Opening 19The ground rules 20Personal approach to business ethics 20Agenda 22Key questions 22The Business Ethics Framework 23Overview 23Purpose 24Mission statements and value statements 26Responsibilities of directors 27Pragmatic approach 29Key Terms 32Ethics 32Business ethics 33The golden rule 35Integrity 37Trust 40The law 43Compliance 46Corporate culture 48Business Dilemmas 49Setting the scene 49Ethical dilemmas 50Business dilemmas 51Workshop Conclusion 53Closing 53Key takeaways 54Next workshop 55Reflections 55Chapter 3: Bribery, corruption and adequate proceduresBusiness Ethics in Action: Second Workshop 57Opening 57Agenda 58A business dilemma 58Bribery and Corruption 59Overview 59Bribery and corruption in business 62Examples of anti-corruption laws and conventions 63Case Study 65The Siemens corruption case part 1: scandal and penalties 65The Bribery Act 2010 (UKBA) 70Background 70Summary of the UKBA offences 72The other main provisions 73Adequate procedures 74Official guidance on adequate procedures 76Caution: beware of paying lip-service 80Personal Experiences 82Introduction 82Example 1: UK subsidiary of a global energy group 83Actions 84Example 2: medium-sized UK business in the defence industry 85Workshop Conclusion 87Closing: bribery dilemma 87Key takeaways 88Next workshop 89Reflections 89Chapter 4: Reputation, risk and conductReputational Risk: Third Workshop 91Opening 91Agenda 91Risk 92Risk awareness quiz 92Reputation 96Reputation and brand 96Consequences of damaged reputation 99The Human Factor: People, Behaviour and Conduct Risk 103Overview 103The concept of conduct risk 104People Risk 106Introduction 106Incompetence 107Criminality and counter-productive workplace behaviours 108Lack of engagement, complacency and negligence 111‘Custom and practice’ 113Case Study 115The Siemens corruption case part 2: remedial actions to rebuild trust and reputation 115Case study: conclusion 118Ethical Risk in the Stakeholder Base 119Overview 119Key stakeholder expectations 119Importance of stakeholder experience 123Workshop Conclusion 126Closing 126Key takeaways 126Next workshop 127Reflections 127Chapter 5: The governance dimensionEffective Governance: Fourth Workshop 129Opening 129Governance soundings 130Agenda 131Importance of corporate governance 132Why Good Governance Matters 132Overview 132Two governance examples 133Governance case study one: Manchester United 133Corporate Governance Overview 137Definitions 137Board composition, relationships and agency risk 138The Development of Corporate Governance Codes and Legislation 141Rules-based and principles-based regimes 141The US Position 142The Sarbanes–Oxley Act 2002 142The Fraud Enforcement and Recovery Act 2009 145The Dodd–Frank Wall Street Reform and Consumer Protection Act 2010 146Conclusion 147The UK Position 147The UK Corporate Governance Code 147Creating an Effective and Talented Board 149Overview 149Board compliance: the key processes 149Board performance: the key improvement drivers 154Workshop Conclusion 161Closing 161Key takeaways 161Next workshop 162Reflections 162Chapter 6: Aspects of leadership: ethics, tone at the top and handling a crisisEthical Leadership: Fifth Workshop 165Opening 165Agenda 166A business dilemma 166Leadership 167Two examples: theory 167Another example: practice 168Summary 169The Components of Ethical Leadership 169Overview 169The ethical person 169Case study two: the Co-operative 173The ethical manager 180Ethical leadership in action: the Westpac banking corporation 181Handling a Crisis 190Background 190The impact of digitisation and social media 192The leader’s role in a crisis 195Workshop Conclusion 197Closing 197Key takeaways 197Business dilemma 198Next workshop 198Reflections 199Chapter 7: Risk, compliance and the controls frameworkA Three-Stage Process: Sixth Workshop 201Opening 201Agenda 202Risk Management 202Background 202Risk management models 204Compliance and Controls 206Overview 206Compliance 207Internal controls 209Controls in action: anti-fraud measures 212Internal Audit 215Overview 215Workshop Conclusion 218Closing 218Key takeaways 218Next workshop 219Reflections 220Chapter 8: The business ethics toolboxEthical Development: Seventh Workshop 221Opening 221Agenda 223Corporate Social Responsibility (CSR) 223Background 223CSR in action 225Pay, Bonuses and the Balanced Scorecard 227Observations 227The balanced scorecard 229The governance dimension 230The Business Ethics Toolbox 231Overview 231Value statements 231Codes of ethics and/or conduct 235Confidential reporting lines 239Ethical Training and Development Programmes 239Framework 239The training market: an overview 241Training and development: general principles and observations 242Training in business ethics 246Examples of training exercises 250Workshop Conclusion 254Closing 254Key takeaways 254Next workshop 255Reflections 255Chapter 9: Whistle-blowing: encouraging a culture of opennessCreating an Open Culture: Eighth Workshop 257Opening 257Agenda 259Introduction and Background to Whistle-Blowing 259Definitions 259Background 261Issues and Controversies 262Examples of whistle-blowing cases 262Key issues arising: why report externally? 264Whistle-blowing controversies 265Scepticism and fear in the workplace 267The Law as it Applies to Whistle-Blowing 268Overview 268Different approaches 269The EU 269The UK: The Public Interest Disclosure Act (PIDA) 270The USA 271Whistle-Blowing in Action 272Introduction 272Personal experience 273The ethics officer 275The 10 Steps 277How to implement an effective whistle-blowing process 277Workshop Conclusion 281Closing 281Key takeaways 282Next workshop 282Reflections 283Epilogue 285Another Surprise 285Notes 287Index 295