Ethics provides the overarching principles and rules which govern individual and organisational behaviour. These rules are normally documented in a values statement and reflected in policies, procedures and expected behaviours.

Why promote ethics in business?

An organisation with a strong ethical base is less likely to breach legal obligations, particularly where the law or circumstances are ill-defined, or where there is considerable variability in the circumstances that are likely to be encountered.

Questions to ask in your business

  1. Do you have a values statement or code of conduct, that is clear and precise which sets out the true values of your organisation (and is not simply a wish list full of ‘motherhood’ statements, or a statement of your personal values)?
  2. Does the code reflect and align with the mission and vision and support the organisation’s goals, ambitions and desired behaviours?
  3. When was the code last issued or reviewed and does it carry the signatures of the current chairman and CEO?
  4. Do all staff receive training on the code of induction and periodically thereafter?
  5. What percentage of staff believe management (at all levels) adhere to the spirit and letter of the code?
  6. What do employees feel is more important; meeting budget or doing the right thing?
  7. Do staff believe their leaders keep their promises?
  8. Do Board members, managers, employees at all levels and other stakeholders feel free to raise ethical questions without fear of ridicule or retribution?
  9. Do you have a whistleblower protection program that staff trust and feel comfortable using?

If you would like to implement an ethics governance framework, then ACY Advisory can help!

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ACY Advisory acknowledges and respects the Traditional Custodians of country throughout Australia. We respect their knowledge and recognise their continued connections to land, sea and community. We pay our respect to their Elders past, present and emerging.