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.