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Our lead article in this issue of Setting the Example shares why it’s imperative to keep ethics alive in the current situation of an ethical meltdown and what corporates can do to realise this. We also explore the question of why your due diligence should take ethics into account. This issue also includes explores a range of issues that reflect the relevance of ethics: guest articles about product labelling and customer care, and recommended articles on investing responsibly, compensating artists fairly and fake car parts.
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IN AN ETHICAL MELTDOWN, IT IS IMPERATIVE TO KEEP ETHICS ALIVE
#KeepingEthicsAlive
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The current ethical status in South Africa is, to say the least, very troubling. Reports and claims of state capture, corruption and self-enrichment by a select few continue to emerge. The consequent political uncertainty coupled with low economic growth pose numerous risks. In a situation where there is such a serious and high-profile ethical meltdown, a major imperative is keeping ethics alive. This represents a meaningful contribution that the business sector can make toward minimising the acceptance and consequent spread of lowest-common-denominator unethical behaviour.
Read More...
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DOES YOUR DUE DILIGENCE TAKE ETHICS INTO ACCOUNT?
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The Financial Intelligence Centre Amendment (FICA) bill creates increased legislative pressure to ensure that due diligence efforts are stringent enough to uncover unethical transactions. But how often is ethics actually a part of a due diligence? Is the value of its inclusion and the risk of its exclusion recognised?
Read more…
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RECOMMENDED ARTICLES THAT EXPOSE A RANGE OF ETHICAL CHALLENGES
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- New life for corruption forum, or is the weight of history against them?
By Alison Tilley, Daily Maverick, 24 May 2017
- The arduous task of investing responsibly: Putting South Africa’s asset managers to the test on their responsible investment claims
by Lise Pretorius, Moneyweb, 22 May 2017
- Corruption Is Costly — and Pervasive
by Vincent Ryan, CFO.com, 16 May 2017
- Ensuring artists are compensated fairly
by Johan Myburg, Finweek, 9 May 2017
- The perils of using fake car parts
by Glenda Williams, Finweek, 9 May 2017
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Honesty in product labelling
by Sandra Williams, Owner, Puresimple
It is important that we understand what’s in the products that we are consuming – whether it be the food we eat, the clothes we wear or the personal care products we use on our bodies and in our homes. Sad to say but a lot of the time it is a case of ‘let the buyer beware’.
Read more …
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Customer service and ethics
by Kammy Naidoo, CEO, Busfin Consulting
I truly believe that companies that choose to put the customers at the centre of their business and that make decisions to benefit their customers have the ability to make profits effortlessly. I have therefore been surprised by recent incidents in the airline industry which have left me wondering how ethical these companies are and about their ethical practices.Read more …
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When money gets in the way of corporate ethics
by Peter J Henning, New York Times, 17 April 2017
Executives love to extol the virtues of their corporate culture, announcing to the world how the enterprise is more than just seeking the last dollar of profits. But all too often companies have a hard time acting ethically when that gets in the way of making more money.
Read more …
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About Ethics Monitoring & Management Services (Pty) Ltd
Ethics Monitoring & Management Services
was started by Cynthia Schoeman to help organisations to improve ethics in the workplace and to encourage them
to manage ethics proactively. Cynthia developed The Ethics Monitor, a web-based ethics survey, which enables
organisations to measure, monitor and report on their ethical status. Ethics Monitoring & Management Services
also offers ethics talks, workshop, consulting and training.
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