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Integrity, ethics and the public interest: what does it all mean?

Integrity, ethics and the public interest: what does it all mean?. Elizabeth Higgs Integrity and law manager. icaew.com/ethics or /thoughtleadership. Ethics is …. Values and principles acceptable to society Concerned with human character and behaviour

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Integrity, ethics and the public interest: what does it all mean?

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  1. Integrity, ethics and the public interest: what does it all mean? Elizabeth Higgs Integrity and law manager

  2. icaew.com/ethics or /thoughtleadership

  3. Ethics is …. • Values and principles acceptable to society • Concerned with human character and behaviour • Goes beyond obeying laws, rules and regulations

  4. Why is ethics important? • Trust • Information • Markets • Mechanisms

  5. Rules

  6. Principles based code I ESBA Objectivity Professional behaviour Professional Competence & due care Confidentiality Integrity

  7. Threats and safeguards approach Short description of core approach Plus some illustrative examples A few prohibitions Consider threats Apply safeguards… InformationTechnology Professional behaviour Objectivity …or don’t do it Audit andAssurance Professional Competence & due care Tax Confidentiality Integrity

  8. Do I have all the facts relevant to this situation? Who should be involved in the discussions? What are the ethical issues involved? What are the alternative courses of action and their associated consequences? Framework for Ethical Decision-Making

  9. Is the proposed solution workable? Would a reasonable (and informed) third party reach the same conclusion? Will the decision compromise my professional and/or personal reputation? Would the decision, if open to public scrutiny, make me, my family, friends or colleagues proud? Record your decision Is there always one right answer? Test your decision

  10. Insert suitable picture (coming from brand team) Integrity: why bother?

  11. What’s a cat and a goldfish got to do with it??

  12. Ethics in the wider business sphere • US Surveillance • MPs expenses • LIBOR • News International • Banks • Enron • Worldcom • Olympus

  13. Ethical behaviour • Integrity focus: • Reporting with integrity • Instilling integrity in organisations • Real Integrity

  14. Moral values Motives Commitments Qualities Achievements Definition of integrity

  15. Moral values Motives Commitments Qualities Achievements Behavioural characteristics of integrity Be honest and truthful Be fair Comply with laws Promote community interests Be open and adaptable Take corrective action Showconsistency

  16. Drivers of organisational integrity Be honest and truthful Leadership Moral values Be fair Strategy Motives Comply with laws Commitments Be open and adaptable Policies Commitments Promote communityInterests Information Qualities Take corrective action Achievements Culture Show consistency

  17. Integrity in Organisations – a magic button?

  18. Real Integrity Report

  19. Organisational Integrity Tone from the top Monitoring Organisational Values Individual Integrity Open culture Discipline Organisational Integrity Rewards Whistleblowing Advice Training Codes of conduct

  20. Insert suitable picture (coming from brand team) Tone from the top and organisational values

  21. Open culture

  22. Whistleblowing policy

  23. Advice

  24. compass Codes of conduct

  25. Training, rewards and discipline

  26. Monitoring

  27. Organisational Integrity Tone from the top Monitoring Organisational Values Individual Integrity Open culture Discipline Organisational Integrity Rewards Whistleblowing Advice Training Codes of conduct

  28. Insert suitable picture (coming from brand team) The answer to, Integrity: why bother? reputation reputation reputation

  29. Business and economic crime in an international context

  30. Acting in the public interest: the report icaew.com/ethics icaew.com/publicinterest

  31. ICAEW and the public interest • 1880 - ‘would…be for the public benefit if the members…were incorporated…’ • 1948 - ‘the Institute being desirous…of serving the public interest…’ • 2012- ‘a public interest perspective should be adopted…’

  32. Acting in the public interest: the problem • Growth • Competition • Convenience • Environment • Land use • Resources

  33. Acting in the public interest: the framework

  34. Thank you

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