business ethics dr attracta lagan dr howard whitton 2011 annual conference
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Business Ethics
Dr Attracta Lagan Dr Howard Whitton
2011ANNU
AL
CONFERENCE
Business Ethics in the 21st Century
Dr Attracta Lagan Professional Ethics - aspirational or embedded? Challenging current mind-sets around ethics management Current best practice ethics management in Australia
Dr Howard Whitton Why is RBA in trouble? UNCAC on whistleblowing Australian Government legislates for ethics
Q&A Session
©Managing Values 2011
Characteristics of professional status
•Services a public good beyond good of a client e.g.Legal professional services public good of justiceMedical professional services public good of healthCompanies Secretaries professional services public good of governance because of expert knowledgeInsurance professional services the public good of security
•Serves others – organisations requires specialist skill and knowledge•In using unique skills is trusted by society to transcend self interest & observe duty of care
©Managing Values 2011
4
Agree or DisagreeWe know the range of ethical challenges our people face
We recognise it takes courage to be ethical
We accept that ethical people will behave unethically
at work
Most employees in my organisation experience it as a fair place to work
My organisation begins from a premise that any organisation can only be as ethical as its members
Finger on the ethical pulse?
Business Ethics vs. Individual Morality
Morality refers to how individuals make
judgments about right & wrong
Business Ethics focused on institutional integrity; how organisational systems support & encourage
individuals to move beyond self interest to consider
impacts on others & behave with due care
Managing ethics
requires skill set
©Managing Values 2011
BEST PRACTICEBusiness Ethical engagement vs. Fraud & Corruption Plans
Beginning Perspective• The occurrence of fraud and corruption in an organisation is often a clear sign of an
unethical culture• Endeavour Energy’s designed its ethics program to complement its Fraud &
Corruption Control Plan (FCCP) to combat an unethical culture, and consequently reduce instances of fraud and corruption
• Their ethics framework builds on fraud control principles from:– Australian Standard AS8001-2008 Fraud and corruption control– NSW Audit Office Better Practice Guide: Fraud Control – (‘Integrated fraud
control Attributes’)– NSW Audit Office Fraud Health Check
• Its distinguishing feature is its long term commitment (5 years) and its cascading model which insists managers roll out the program and facilitate bi-annual dialogue with their reports using the resources provided
AS 8001-2008 Fraud and corruption control
• NSW Audit Office Fraud Health Check– Our organisation conducts regular training in fraud control”
Fraud control principles / tools
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