A #purposeful business

When working with Ethical Business Practice and Ethical Business Regulation there are a fair few frameworks one can draw on in addition to those set out in our eponymous book. One I find complementary and useful in the context of purpose comes from the British Academy’s Future of the Corporation Project:

Principles for purposeful business

The Academic Lead for the programme, defined the purpose of business as:

Profitably solving the problems of people and planet, and not profiting from creating problems.

Professor Colin Mayer

Amen to that.

You can find all the reports etc. from the Future of Corporation here: thebritishacademy.ac.uk/programmes/future-of-the-corporation/ – and the hashtags to follow are #FutureOfTheCorporation and #PurposeSummit.

And an of-the-moment call to action:

‘Compliance Trainings’

For years, employees have been yawning their way through interminable “compliance trainings” on a variety of subjects. Some of the earlier efforts insulted their intelligence. Others portrayed villains who for some reason were always either British or Latin American. Cultural insensitivity was only one of the issues I have long had with many e-learning and virtual training attempts. I admit I have long preferred face to face training; and I think ethics ambassadors are often the best able to make it engaging.

There is no doubt that the situation has improved, however we still have a long way to go. Now that we are doing everything online we have the opportunity to learn to do better. Enjoy this video from messrs Hunt & Bistrong…

And there’s more…

6th Annual Bled Compliance & Ethics Conference

The European Institute of Compliance and Ethics (EICE) preparing for the 6th Annual Bled Compliance & Ethics Conference. It is organised in partnership with the International Compliance Association and the European Network for Compliance Officers.

And I’ll be there to talk #EthicalBusinessPractice.

Find the agenda here: bcec.eu/agenda-2020/ – read about the speakers and be sure to sign up.

Regulating Through Culture

Register for the next virtual event from the Canadia Community of Federal Regulators.

Professor Christopher Hodges and the President of the Public Risk Management Institute Srikanth Mangalam – and I – will discuss #Ethical Business Regulation: Regulating Through Culture. Join us!

On Corporate Culture …

Adam Turteltaub

Corporate cultures tend to be organic, living things, but where do they come from?  In a recent discussion with Adam Turteltaub at the SCCE – now out as a podcast – we explored this and more.

As cultures evolve, some, obviously can grow toxic. A blame culture, in which the tendency is to look for individuals to blame for mistakes, is particularly dangerous. So, too, those filled with abrasive behaviour, disrespect, and fear.

To keep culture moving in the right direction, engage actively with leadership as well as other functions that can have a significant impact:  HR, legal, sustainability, internal communications and internal audit.  The board can also play an important role, as can regulators as well as customers.

Podcast: Play in new window | Download (Duration: 12:31 — 11.5MB)

Listen in to increase your understanding of how cultures can and should be shaped.  And, for those interested, here is the publication mentioned in the podcast:  Performance Management for an Ethical Culture

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Three new webinars on #EthicalBusinessPractice

Professor Hodges and I are offering three new webinars through FINSIA – the Financial Services Institute of Australasia – the professional body in Australia and New Zealand for the financial services industry – learn more and sign up:

And be sure to follow both #EthicalBusinessPractice and #EthicalBusinessRegulation on LinkedIn.

The results are in: Global COVID-19 Culture Assessment

How has COVID-19 impacted the values and culture of organisations? What is needed to recover and thrive? 

These are great questions – because we’re seeing values change right in front of our eyes. Change that normally would take years, not weeks.

The Global COVID-19 Culture Assessment sought to answer these – and more questions – to support leaders in caring for their stakeholders and addressing the challenges we are facing worldwide. More than 2500 people participated and the Barrett Values Centre has analysed the data. Here’s a summary of the findings.

And you can dive even deeper at valuescentre.com/covid/

Take Hart: A brief message from our publisher

This includes Ethical Business Practice and Regulation: A Behavioural and Values-Based Approach to Compliance and Enforcement – please help spread the word:

#OECDintegrity: the webinar series

This year’s OECD Global Anti-Corruption & Integrity Forum in Paris was moved online due to COVID-19 – and here’s your chance to participate. This just in from OECD:

To continue sharing knowledge and expertise in today’s changing environment, the OECD Global Anti-Corruption & Integrity Forum team is launching a series of webinars with speakers from the public, private and civil society sectors.

Anti-corruption and integrity: safeguards for a resilient COVID-19 response and recovery

The COVID-19 crisis creates environments that enhance risks for corruption, undue influence and bribery. These factors can put lives at risk, distort markets, divert vital healthcare resources, and further deteriorate trust in government and businesses at a time when it’s needed more than ever. Both short- and long-term corruption and integrity risks can arise in emergency procurement, economic recovery measures, and international business transactions. How can governments and businesses address these risks and maintain the rule of law, public integrity, and business ethics?

Join the OECD Anti-Corruption & Integrity Webinar on 13 May.

SIGN UP HERE: oe.cd/gacifweb

Also, keep an eye out for more #OECDintegrity webinars:

Integrity Champions of the World, Unite! Launch of the Public Integrity Handbook – 20 May, 11.00am Paris time

Emergency measures to protect whistleblowers and promote reporting during the COVID-19 crisis and beyond, 22 May, 2.00pm, Paris time

Also, the OECD has developed a hub to assist governments in the COVID-19 response. As

The COVID-19 crisis creates opportunities for many integrity violations, particularly in public procurement, economic stimulus packages and public organisations, undermining government action. How can these risks be addressed? Read (and share) the latest OECD policy brief.

AretéWork is a Knowledge Partner for OECD Global Anti-Corruption & Integrity Forum

On Culture…

Adam Turteltaub

I recently caught up with Adam Turteltaub at the SCCE – we talked about corporate culture, ethical business practice and performance management for an ethical culture. It’ll all be wrapped up in a podcast – which is due out in June. But now is as good a time as any to subscribe. That way you’ll get all his other interviews with leading thinkers in ethics and compliance – as well as this one – automatically.

Subscribe now: Apple Podcasts | Android | Email | Google Podcasts | Stitcher | TuneIn | RSS