Law and regulation

  • Blog Entry
    06/10/2014 - 3:42pm

    In the October issue of CIMA's newsletter Ethical Lens we highlight a recent briefing note from Clifford Chance on organisations that have decided not to do business in certain high risk areas or industries due to corruption.

  • Blog Entry
    09/09/2014 - 2:09pm

    Douglas Flint, FCMA, Group Finance Director at HSBC, spoke at the Institute of Business Ethics' summer event about the future of banking. He provided fascinating insight into the many dilemmas around responsible banking, and the sometimes unrealistic expectations of customers on the banking system (summary to follow on the IBE website).

    In the end, is the customer always right? And what is the role of the finance professional - whether a banker or accountant?

  • Blog Entry
    10/07/2014 - 11:37am

    Whilst there's been a lot of talk about Rebekah Brooks since the outcomes of the News Corp trial were reported on, another very interesting angle is the talk of possible corporate charges for News Corp.

  • Blog Entry
    06/05/2014 - 3:37pm

    Countdown has begun to the next CIMA examination diet.  How prepared are you in regard to the Code of Ethics and applying ethical thinking?   Being familar with the Code and how you apply it is an integral part of both studying and practicing as a management accountant.  Through the syllabus questions will arise on how you apply your understanding of the Code as well as your understanding of financial regulations and the law. 

  • Blog Entry
    21/02/2014 - 1:40pm
    As CIMA students you have a responsibility to be fully aware of the implications of anti-corruption legislation in your market as well as the impact of laws with global reach, such as the 2011 UK Bribery Act and the US Foreign Corrupt Practices Act (FCPA). We now see these types of extra-territorial anti bribery legislations appearing in other countries, the latest on the list being Brazil which came to force in late January this year.


  • Blog Entry
    03/12/2012 - 11:36am

    I recently was at an United Nations Global Compact meeting
    with a focus on supply chain issues.   Reflecting the growing importance of supply chain gobally the event was standing room only.  One of the participants, involved in procurement for a high value global brand, sought to ascertain the credentials of the factories they were using in China   Each of the 20 factories had been fully audited.  The system showed that. 

  • Blog Entry
    02/11/2012 - 3:21pm

    Will you be able to evidence integrity in your exams?   Fact or Fiction is a new report compiling discussions from four markets in Europe, Asia and Africa outlining the skills needed to be a successful business partner.   As finance partners more frequently with different functional units it is important to re-affirm independence and objectivity. 

  • Blog Entry
    23/08/2012 - 10:58am

    With P3 resit papers around the corner how comfortable are you with your ethical performance.  Are you going for gold or are you likely to be in the dark side of the grey zone, feeling shame alongside those from recent corporate scandals for not acting in the public interest.

    There are lots of resources to help you do the right thing in your exams, and the right thing professionally.

  • Blog Entry
    02/08/2012 - 3:06pm

    This week’s news headlines are full of Olympics glory.  It is a relief to have front pages celebrating the achievements of the world’s finest athletes, instead of unpicking the latest scandal arising from corporate misdemeanours. 

  • Blog Entry
    27/06/2012 - 1:09pm
     The launch of the CGMA report, Managing responsible business – a global survey on business ethics took place in Malaysia back in May.
  • Blog Entry
    24/05/2012 - 10:39am

    In the week we launched the CGMA ethics theme I attended a lecture at St Paul’s Cathedral  given by the eminent professor of government at Harvard University, Michael Sandel on the moral limits of the market.  The “congregation” was at full capacity at nearly 1800.

  • Blog Entry
    10/04/2012 - 9:24am

    Follow the trials and tribulations of Tony Scales and his team at Miralux in this new weekly e-drama. Bookmark this blog and catch up with episodes every two weeks.

    In this episode, James Turner’s projects come in on budget and win environmental prizes. Surely that should keep the low-carbon campaigners smiling? However, it doesn’t help when James’ opponent happens to be his own sustainability manager, Tallulah. And he’s never sure whose side Cameron, the CFO is on either…

  • Blog Entry
    26/03/2012 - 9:33am

    Follow the trials and tribulations of Tony Scales and his team at Miralux in this new weekly e-drama. Bookmark this blog and catch up with episodes each Monday.

    Does Tony Scales, the new CEO of the Miralux Corporation, believe his own rhetoric s about ethics, the environment and the company’s hard line against corruption and fraud? Is he sincere or just the master of corporate rhetoric?

  • Blog Entry
    26/03/2012 - 9:29am

    In our upcoming CGMA report on ethics, our members  and students globally reported that human rights had risen in importance as an issue of priority for business.  Reflecting this, March saw the launch of the Children’s Rights and Business Principles. 

  • Blog Entry
    20/03/2012 - 1:45pm

    Is Tony Scales winning the war on fraud and corruption at Miralux? Is he deeply committed to a greener planet? Or is Tony, like many chief executives, caught in the trap of his own rhetoric? Find out in ‘Words in Action’, a new edrama series.

    ‘Words in Action’ – where rhetoric and reality collide! Learn about fighting fraud and corruption, and what real commitment to sustainability is.

  • Blog Entry
    08/02/2012 - 5:15pm

    In Rebecca’s recent blog she highlighted how some candidates seem ethically challenged.

  • Blog Entry
    03/01/2012 - 3:38pm

    CIMA invites members and students to comment on IESBA’s proposed changes to the code of ethics for professional accountants to address conflicts of interest.

  • Blog Entry
    19/12/2011 - 2:27pm

    The final UN Global Compact meeting of the year focused upon Rio +20 UN conference on sustainable development, scheduled for June 2012.  The day the UK UNGC participants gathered in London, the announcement of the outcome of the Durban climate change meetings was still fresh.  After protracted negotiation a level of agreement was reached.  

  • Blog Entry
    16/09/2011 - 2:33pm

    Earlier this week  I corresponded with a veteran of the City (i.e. someone who has survived the downturn) who described himself and his colleagues as gladiators - entering battle every day, enduring existence in a high risk environment – and feeling more bloodied than pre-2008. 

  • Blog Entry
    12/08/2011 - 4:09pm

    If the recent civil disturbances in England showed the worst side of human nature, the aftemath shows a more positive side.  Both the army of volunteers cleaning up affected areas (Riot Wombles, RiotCleanup)