Monday 21 April 2014

Ethics code should be the norm

WE'D like to think that all businesses adhere to strict ethics. Perhaps The Punt is naive in expecting such high standards, especially given the findings of a new study.

The Art of Ethical Leadership report issued by Chartered Accountants Ireland shows that 59pc of people believe that having a company code of conduct does not help shareholder value.

And even more staggering, more than 30pc of businesses don't have a code of ethics in place.

The study was trumpeted on release yesterday as showing that corporate codes of ethics are now playing a much more significant role in business governance in Ireland.

Ronan Nolan, vice president of Chartered Accountants Ireland, said business leaders were realising the moral and business impetus for a code of conduct.

That's great, but is it too much to ask for every business to carry out its work to a strict ethical standard?

It's the least we should expect from those providing a service.

Irish Independent

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