Articles

Published in The Scotsman, 16 December 2010

A new wave of business ethics is entering the boardroom. Boards are increasingly aware that shareholders and investors will hold them accountable for the repercussions of failing to comply with the law or conduct business in an ethical manner.

Good corporate governance dictates that organisations would have sufficient procedures, policies and controls in place to identify issues of ethics as and when they arise and ensure that they are subject to scrutiny, risk assessment and objective decisions taken about the appropriate course to be adopted. There are many aspects of business, which are heavily regulated, and some conduct, such as giving bribes or price fixing are obviously illegal. However, there are many other areas where the issue is not straightforward, where the real risk arises and where the robustness of the policies and those implementing them is important.

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