When we look around the world for role models of well-run businesses, we invariably find ourselves studying business ethics examples. Business ethics are the single most important driver of good corporate governance. In our definition of what constitutes good corporate governance, we list our Five Golden Rules:
- an ethical approach
- a clear goal shared by all the key stakeholders
- strategic management to execute the common goal
- an organisation resourced and structured to deliver
- a culture of transparency and accountability to the stakeholders.
The first, and critical, Rule is an ethical approach, and in all business ethics examples we will be examining, we shall start with an assessment of the ethical approach of the organisation. The way this creates the culture determines the performance…