GoodCorporation asked the newly formed Competition and Markets Authority to lead our May Business Ethics Debate at the House of Lords on the subject of ethical culture and competition. The discussion began with some of the opposing arguments. It costs time and money to instil an ethical approach if you don’t already have one. Businesses…
Tag Archives: treating customers fairly
“If the government’s review of the banking industry, announced today, focuses on creating more rules it is destined to fail”, said Leo Martin of business ethics advisers GoodCorporation. “Scandals such as mis-selling and more recently LIBOR have been caused by poor behaviour rather than a lack of rules. In order to avoid a repetition of…
Whether or not the reputation of the finance sector is damaged beyond repair depends on the steps taken to establish a robust and honest framework within which it operates. The immediate focus of the financial crisis has quite rightly been on saving the financial system overall, focusing on the wholesale market and inter-bank lending. However…
