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Ethical conduct was firmly in the spotlight for much of 2018 for a variety of reasons, from the #MeToo movement which pushed bullying and harassment onto board agendas, through to the implementation of GDPR which turned us all into data privacy experts.
Category Archives: GoodBlog
ESG is a challenge for many companies. Is the paper-thin approach to CSR enough? Are investors serious about demanding tangible evidence of a commitment to sustainability, integrity and good governance as well as strong financial performance? Fund managers are not investing in building ESG teams to tick boxes or review paper. The ESG teams are…
The Criminal Finances Act (the Act) introduced two new corporate criminal offences which came into force in September 2017. One is failing to prevent the facilitation of UK tax evasion by associated persons and the other is failing to prevent the facilitation of foreign tax evasion by associated persons. Since then, organisations can be held…
“The best way to ensure an ethical future for AI is to invent it together” – Dario Amodei, research scientist, OpenAI Despite the widespread use of artificial intelligence (AI) across a range of industries and services no country has established, as yet, an ethical or legal framework to govern its use and development. Although a…
The 25th of May is not the finish line that many envisioned: GDPR is not over. Elizabeth Denham, head of the ICO, describes GDPR compliance as an ongoing journey that requires continuous effort. She says that businesses “will be expected to continue to identify and address emerging privacy and security risks in the weeks, months…
Does your organisation have a stand-alone ethics and compliance function? What is the reporting line? How often does your organisation carry out due diligence checks on third parties? Does your organisation have an ABC-specific risk assessment progress? These are just some of the questions posed at the compliance programme benchmarking session moderated by GoodCorporation at…
Following the publication of the new UK Corporate Governance Code last month, corporate culture looks set to become a boardroom issue. While most boards recognise the importance of culture, a survey of FTSE 350 board directors in 2016 found that only 19 per cent felt that the primary accountability for their company’s culture sat with…
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…
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…
