These have been drafted to offer helpful guidance on these issues, especially focused on providing practical assistance for SMEs. The negative effects of breaking this trust on business performance have been well documented. Yet the positive impact of establishing and nurturing it has so far been taken for granted.
The contact details of our Group General Counsel are also made available for reporting issues or concerns to. We respond to a number of queries through the ethics advice services each year and all communication through the confidential reporting line is investigated. Following a brief presentation, Annabel and the panel will discuss the findings and their implications. This course is offered jointly by the triple-accredited Henley Business School and the University of Reading’s Department of Philosophy. With a strong focus on business ethics, the programme will help you apply your knowledge to real-world scenarios, and its versatility will enhance your employability and help prepare you for your career after graduation.
- In addition, our values are formally part of our performance management system and end of year appraisal.
- The speed of information transfer means that problems may be geographically far away but news spreads fast.
- Our Business Ethics Committee comprises member of our Executive committee and subject matter experts such as Governance, Corporate Responsibly, Trade Compliance and Operations.
- When a company cares about its behaviour, impact and environmental footprint, it’s also better for society overall.
- We assembled an Investigations Triage Committee, which reports to the Board and assess all allegations of wrongdoing and has an active role in investigations and monitors their progress and results.
For information on other English language qualifications, please visit our international student pages. In recognition of the excellent preparation that the Extended Project Qualification provides to students for University study, we can now include achievement in the EPQ as part of a formal offer. You can choose to study this degree over four years, allowing you to spend your third year on a work placement or studying at one of our partner universities abroad. Your studies will include lectures, seminars, and practical workshops, and you’ll be assessed through a variety of coursework, examinations and class tests. Its business programmes are ranked 5th in the UK for careers after 15 months (Guardian University Guide 2021, subject results for ‘Business, Management and Marketing’). Combine rigorous analysis of core philosophical and ethical theory with practical and real-world applications in business contexts.
Foundations Of Business Ethics
The study of ethics forms an integral component of both the philosophical and business sides of the programme, preparing you to think through the ethical and commercial dilemmas that real-world decision-makers face. A second trend unearthed by the research showed that even the smallest healthcare companies are capable of building and benefitting from more mature ethics and compliance programs. The potential for such firms, many with less than 10 employees, to elevate their programs is significant and can help spread awareness among peer companies or across the value chain. The main drawback of business ethics is that they can reduce a company’s ability to maximise profit. If investors know that the company they work with prioritises having high morals and will operate in an ethical way, they will be safe in the knowledge that their money is being used in a responsible way.
The information on this page is indicative of the module that is currently on offer. Human resource departments and legal departments typically collaborate on devising an appropriate code of ethics. Ethical behaviour is part of the corporate culture, and the appropriate language and behaviour start at the top.
We believe that an investment in business ethics drives sustainable business benefits, including higher levels of staff engagement, better and more consistent decision-making, and heightened levels of trust. We work closely with organisations to understand their needs and identify best practice in order to raise awareness of ethical issues and provide practical solutions. Companies that embrace ESG find that it improves their brand and ultimately increases profitability.
Compliance And Ethics Committee
For example, we address salient human rights issues through our Code of Conduct, ethical trading policy, international business risk management process and export controls process. Our approach is based on The United Nations Guiding Principles on Business and Human Rights and applicable national laws, regulations and standards. We monitor the application of these policies and procedures through our business assurance processes. We have in place formal grievance mechanisms with clear routes for people to raise concerns and they will be addressed . Increasingly, we are leveraging various aspects of our programme to assess and manage modern slavery, human trafficking and other human rights risks. Strong governance underpins responsible business practice and the Group has Board and Executive level commitment to corporate responsibility through the Group Risk & CSR Committee.
This resonates with our core mission at IFPMA, which is to help advance ethical business practices that strengthen the pharmaceutical and health-related sectors around the globe. To introduce students to the theories and practices of business ethics and social responsibility in national and global contexts and the personal, ethical dilemmas, which people in organisations can face within such contexts. Corporate social responsibility is connected to what today’s companies call ESG—environmental, social, and governance. ESG is a practice that incorporates sustainability into a company business model.