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Home > Business Ethics Best Practice

Business Ethics Best Practice

Best Practice

Internationally renowned finance leaders, experts and educators distil and summarize the most important aspects of finance best practice. Each Best Practice essay has an Executive Summary for quick reference, outlining the main points. The Making It Happen feature illustrates practical applications, and where relevant authors have provided illustrative case studies and definitions.

  • Best Practices in Corporate Social Responsibility
    by Alison Kemper, Roger Martin
    As business has become increasingly global, the values and principles that guide managers are no longer local. Raw materials from Canada and Indonesia are transformed by manufacturers in India and Brazil under contract to firms in the United States and Germany. Social activists, investors, accountants, workers, politicians, environmentalists, regulators, and customers in each and every location work to influence management’s decisions. Normal...
  • Business Ethics
    by Sue Newell
    Look in the newspaper on virtually any day of the week and you will find at least one business scandal in which a corporation appears to have violated the rules or standards of behavior generally accepted by society. Company finances have been manipulated in order to show a better balance sheet than actually exists, toxic waste has been allowed to flow into a river, bribes have been paid to secure a business deal, child labor has been used to...
  • Corporate Responsibility in a Global World: Marrying Investment in Human Capital with Focus on Costs
    by Angela Baron
    Love it or loathe it, the term human capital has entered the HR vocabulary for keeps. The term is much criticized for implying that people can be subjected to the same rules as more traditional forms of capital, regardless of personal aspirations and objectives. Yet the same grounds for criticism are also the impetus for a fundamental shift in organizational thinking in terms of the people employed. Organizations that adopt a human capital...
  • CSR: More than PR, Pursuing Competitive Advantage in the Long Run
    by John Surdyk
    Global greenhouse gas emissions continue to rise. Diseases wreak havoc across entire continents. An entire host of seemingly intractable issues confront governments throughout the world, which are sometimes unable to effect positive changes. With the emergence of companies as some of the most powerful institutions for innovation and social change, more shareholders, regulators, customers, and corporate partners are increasingly interested in...
  • Financial Reporting: Conveying the Message Down the Line
    by Leslie L. Kossoff
    Of all the functions in an enterprise that cannot, indeed must not, be the province of the function itself is finance. In fact, the more finance is separated from the rest of the organization’s thinking and operations, the greater the risk for the enterprise and its stakeholders.Finance people not only know the numbers behind what’s going on, they also know why those numbers exist. From greasing the wheels to get things done, to putting the...
  • Improving Corporate Profitability Through Accountability
    by Marc J. Epstein, Priscilla Wisner
    Improved governance requires the right employees, the right culture and values, and the right systems, information, and decision-making. Unfortunately, most organizations are attempting to steer their information-age businesses using industrial-age measurements. Managers have struggled for decades with accounting systems that fail to measure many of the variables that drive long-term value. The historical lagging indicators of performance that...
  • Internal Auditing’s Contribution to Sustainability
    by Jeffrey Ridley
    Sustainability programs have three aims: people, planet, and profit. Few organizations today, across all sectors, will be without some form of sustainable development program—be it for altruistic reasons, required by regulation, or to stay at the cutting edge in their competitive market places. There can also be strong economic, environmental, and social reasons for marketing sustainable products and services: for reputational reasons and to...
  • Trustworthy Business Cultures
    by Timothy Fort
    When one thinks of Hollywood business practices, notions of competitiveness, intrigue, hierarchy, and creativity might first come to mind, but Kristin Hahn, cofounder and president of Echo Films, takes a different approach. Hahn, who among her credits includes producing “The time traveler’s wife,” “The departed, “Call me crazy,” and “The switch,” says that “We really look for people we know and who we trust and who also will bring positive...

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