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HONEST BUSINESS

Brent Haywood

Partner

Imbedded in capitalism is the competitive spirit, but when it becomes excessive it tends to induce unethical business practices, when that happens the normal rules are flouted, skirted or simply disregarded. The ensuing instability is bad for the economy.

• The command approach

• The consequences approach

• The character or virtue approach

Following a code – does not guarantee that the right thing will be done in every case but it does ensure that the person who unflinchingly acts by the code will do the right thing much more often than if he acts out of instinct or private inspiration.

Sleeping test – if I do this can I sleep at night?

Newspaper test – would I do this if it were splashed on front page

of newspaper?

Mirror test – will I feel comfortable with myself when

facing the mirror?

Child test – if I do this would I mind telling my teenage children?

Our firm is driven by its core Values which focus on:

Values

Our Clients Our People Our Community Our Environment

Technical skill

Scientific knowledge

Prudence

Intelligence

Wisdom

Resourcefulness

Understanding

Judgement

Cleverness

Courage

Temperance

Liberality

Magnificence

Magnanimity

Proper ambition

Patience

Truthfulness

Wittiness

Friendliness

Modesty

Righteous indignation

Justice Prudence Moderation

Faith Hope Charity

Every organisation has a hidden culture that has been developed over the years that controls what is actually done regardless of the values that it might say it has. However, when the stated values of the organisation aren’t in sync with the cultural beliefs or assumptions, it creates organisational dissonance and people get caught in the middle.

Clients/ Customers for Life

Clients/ Customers for Life

Clients/ Customers for Life

Clients/ Customers for Life

DWF is the business law firm with industry insight.

Our legal experts combine real commercial understanding and deep sector knowledge to help clients anticipate issues, create opportunities and get the outcomes they need.

We’ll deliver the results that help you go in the right direction – wherever you are.

Birmingham Glasgow London Preston+44 (0)121 572 8500 +44 (0)141 228 8000 +44 (0)207 645 9500 +44 (0)177 255 6677

Coventry Leeds Manchester Teesside+44 (0)247 622 8734 +44 (0)113 261 6000 +44 (0)161 603 5000 +44 (0)164 262 3400

Edinburgh Liverpool Newcastle+44 (0)131 226 5541 +44 (0)151 907 3000 +44 (0)191 233 9700

www.dwf.co.uk

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©DWF LLP 2012DWF LLP is a limited partnership registered in England and Wales with registered number OC328794. The content of the Regulatory and Licensing Insert does not constitute legal advice and should not be relied on as such. Specific advice should be sought about your specific circumstances.