Do the right thing - developing an ethical culture

Abstract

CSI Ethics Fellow, Patrick McClure, discusses how to establish and maintain an ethical culture within organisations, in the August edition of ‘The Board Builder’. He says there is a strong business case for CEOs and boards of not-for-profit organisations to build a strong ethical culture, including managing risk, being accountable to stakeholders, building capacity in the organisation and protecting reputation. “CEOs and boards set the standards of ethical behaviour in their organisation,” he says. Patrick outlines five ways of improving ethical culture; 1) lay the foundations for governance and management; 2) structure the board to add value; 3) promote ethical decision making; 4) promote effective financial management; and 5) recognise and manage risk. Read the article titled 'Do the right thing - developing an ethical culture', which appeared in Board Builder magazine,- August 2010