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Businesses should actively promote ethical decision-making if they truly want to reduce the risk of a Volkswagen-scale scandal. Writing in Ethical Corporation, Michael Pollitt argues that businesses need to ensure that the behaviours they promote are not just in line with company values, but that they actively promote ethical decision-making and good conduct. As countless…
Yearly Archives: 2018
Sophia smiles, bats her eyelids and tells a joke. Without the mess of cables that make up the back of her head, you could almost mistake her for a human. The humanoid robot, created by Hanson robotics, is the first robot in the world to receive citizenship and she is also the first non-human to…
A corporate scandal can decimate share value, and not just in the immediate aftermath as the gory details hit the headlines. Shareholders in Volkswagen, Tesco, Toshiba and Rolls-Royce, all mired by significant wrong-doing, are still suffering damage some four years after the scandals emerged. The share price of all four companies is still 30-40 percentage…
Has the Government’s supplier code of conduct missed a trick in tackling slavery in the supply chain? The Supplier Code of Conduct, published recently by the UK Government’s Commercial Function contains several reasons to be optimistic. The standards it sets for suppliers to central government on world-class innovation, greater inclusion of SMEs, zero-tolerance of harassment and greater…
Working with third parties continues to be the single biggest corruption risk for business. Almost one in two enforcement actions concluded since the OECD Anti-Bribery Convention came into force in 1999 was the result of bribery through sales agents, intermediaries, distributors or brokers. Despite the clear risk, it remains one of the hardest anti-corruption areas…
Against a backdrop of data protection headlines, Jonathan Bamford, Head of Parliament and Government Affairs for the ICO opened GoodCorporation’s debate on GDPR enforcement by focussing on trust. According to research by the ICO, in the UK, only 1 in 5 consumers trusts organisations with their personal data, despite data protection legislation being in force for…
Anti-corruption is and will remain firmly on the agenda, said UK Serious Fraud Office director David Green at a recent GoodCorporation business ethics debate at the House of Lords in London. Gareth Thomas summarised the debate in the FCPA Blog. The debate looked at the future of anti-corruption prosecution. David Green made the SFO’s position…
David Green, Director of the SFO opened our first business ethics debate of 2018 by stating that anti-corruption is now firmly on the corporate, national and international agendas and will stay there. He then went on the question, how did this come about? The decision by the UN General Assembly in 2003 to adopt the…
Elizabeth Denham, head of the ICO, has recently given a speech to the Direct Marketing Association setting out her latest thinking on GDPR.  In particular she says that claiming legitimate business interest will be limited and instead companies should be relying on obtaining unambiguous consent. She says in her speech “Until the e-privacy regulation comes into…
