It shouldn’t be necessary to rely on disaffected employees acting as whistleblowers to uncover immoral practices in business ethics; regular stakeholder surveys will inform boards who are willing to listen.
The question has to be asked: how many boards of large organisations are properly aware of the ethical performance of the businesses over which they preside? There is a long list of industries currently in the news for failings in this respect, which includes financial services, pharmaceuticals, food, mining, technology and defence.
Industries facing criticism
Almost all the major Western banks have been fined very large sums for ethically wrong behaviour including selling unsuitable products to customers, allowing money-laundering on a large scale and rigging interest rates and foreign exchange rates. Pharmaceutical giant GlaxoSmithKline has…