Following several large-scale corporate scandals and incidents of company misconduct in recent years, Ethics & Compliance Management has gained importance, encouraged by governments, international guidelines, stakeholders and also professional organisations.
But like other activities under the CSR umbrella, Ethics & Compliance Management is largely undertaken on a voluntary basis. This leads firms to either adopt Ethics & Compliance Management or both adopt and implement it.
So what pushes a company to simply adopt and what are the pros and cons in this approach? On the other hand, why do firms decide to implement ECM and how can they make it truly effective?
Ethics & Compliance Management in Firms: Making it effective
Professor Qinqin Zheng, leading international researcher in the field of CSR and business ethics at School of Management Fudan University, shares her research carried out with Profs. Ajai Gaur, Rutgers Business School, and Koustab Ghosh, Indian Institute of Management. A focus on building a solid, effective and doable approach to ethics and compliance management in your firm.
Ethics & Compliance Management in Firms: How to make it effective: The latest in an ongoing series of Council on Business & Society Research Pods. Condensed learning capsules inspired from internationally published research. Fields covered include CSR, management & leadership, HR, sustainable finance & reporting, social enterprise, entrepreneurship, philanthropy, and sustainable business practices.
The 3 Ps in a CoBS Pod
Ethics & Compliance Management in Firms: How to make it effective. Download the CoBS Research Pod
Learning objective: Explore the adopt-implement choice in ethics & compliance management. Transfer best practice to your company in order to implement a solid and effective ethics and compliance management system.
Related research: Corporate social responsibility (CSR) in Asian ﬁrms: a strategic choice perspective of ethics and compliance management, Ajai Gaur, Koustab Ghosh and Qinqin Zheng. Journal of Asia Business Studies.
- Go further and read the full research-based article on the topic
- Read the article and more in Global Voice magazine #17
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