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.
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?
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.
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.
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.
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.
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.
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.
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.
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…
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?
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.
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.
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.
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.
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.