ABSTRACT
Legislation and regulators have been catching up with the problem of ethical breaches. Issues that could once be discounted as the actions of rogue employees are now the legal responsibility of senior management, and fines and other penalties are increasingly common. The main ethical risks are as follows:
• anti-competitive behaviour, collusion • bribery • conflicts of interest • mistreating employees • environmental damage • extreme lobbying • underhand political and social behaviour • knowingly selling faulty or harmful products • price fixing, collusion and other anti-competitive behaviour • mis-selling and unethical marketing • mistreating suppliers • tax avoidance.
