Despite an increase in organisations adopting
ethical codes and training, there is greater pressure within
companies to act unethically, Chartered Institute of Management
Accountants (CIMA) research suggests.
CIMA head of ethics Tanya Barman said
following a spate of business failures the emphasis on ethics and
sustainability has intensified but few firms are actively
monitoring and evaluating ethical performance.
To promote ethics in business, CIMA has
produced an animation tool to remind members and students about
their obligations to comply with the institute’s code of
ethics.
“This animation highlights that it is vital to
act quickly when facing an ethical dilemma. The longer you leave
it, the more chance there is for repercussions for the
organisation, yourself, and indeed the standing of the profession,”
Barman said.
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