Business Irish

Saturday 30 August 2014

Ethics code should be the norm

Published 01/02/2013 | 05:00

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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.

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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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