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GoodCorporation has submitted the following response to the Banking Standards Review SUMMARY OF QUESTIONS Q1. Do you agree with the objective to establish a new independent organisation with the aim of defining and raising standards of conduct and competence in banking? We agree with the objective of creating an independent organisation to champion better banking…
Author Archives: goodcorporation
Whistleblowing is a complex issue for businesses. GoodCorporation discusses the importance of creating an open and transparent culture as part of an effective whistleblowing system. Click the link below to read the article in full Organisations ignore whistleblowing at their peril
GoodCorporation has audited the first companies to be accredited under the Banknote Ethics Initiative (BnEI). This initiative aims to raise standards across the banknote industry by requiring its members to follow a code of good practice developed by the Institute of Business Ethics. GoodCorporation translated that code into an audit framework and has also developed…
The first EU Anti-Corruption Report, reveals that the playing field for businesses in Europe is far from level. Sixty-nine per cent of the businesses surveyed by the EU (nearly 8,000) felt that paying bribes and exploiting political connections were the easiest ways to obtain certain services. Three quarters of companies surveyed considered corruption to be…
Whistleblowing hotlines come highly recommended. The Ministry of Justice includes whistleblowing or speak-up lines as a key bribery prevention procedure in its guidance on the Bribery Act. Under the Combined Code on Corporate Governance, companies listed in the UK are obliged to have whistleblowing arrangements or explain why not. In the US, listed companies are…
GoodCorporation invited Charles Wookey from A Blueprint for Better Business to lead our most recent Business Ethics Debate which posed the question “How can we restore trust in business?” Charles began by questioning the widely accepted philosophy that business is simply about profit and legality. If the only question that matters is “Is it legal…
Today is the 10th United Nations International Anti-Corruption Day. Corruption remains a significant obstacle to economic and social development. According to the World Bank, every year $1 trillion is paid in bribes, while an estimated $2.6 trillion is stolen annually through corruption – a sum equivalent to more than five per cent of global GDP….
Crane Currency, De La Rue plc and Innovia Security have become the first companies to be accredited under the Banknote Ethics Initiative (BnEI). The BnEI was launched last year at the Currency Conference where eight leading companies in the industry signed up to the code. Arjowiggins Security SAS, Giesecke & Devrient GmbH, KBA-NotaSys SA, Note…
Fraud and corruption have long been problem areas for businesses in the extractive sector. As our introductory speaker, Robert Welch from Kazakhmys pointed out, the industry is an easy target. It is labour-intensive, involving high-value commodities, is often based in remote parts of the world with high levels of inherent corruption and requires permits and…
