ETHICS & CORPORATE

GOVERNANCE
BM055-3-2

Ethics, Value & Integrity

Governance System

Learning Outcomes
1. Appreciate the relevance and practical
application of business and professional
ethics in the working world;
2. Explain how corporate social
responsibility and corporate governance
relate to ethics;
3. Highlight the main ethical issues
relating to the natural environment.
Module Code and Module Title

Title of Slides

 4. Recognise ethical issues and propose

solutions to these issues.
5. Convey an enhanced awareness of the
role of business and professional ethics in
financial reporting;

Module Code and Module Title

Title of Slides

Ethics, Moral Values & Codes

Ethics is a reflection on moral practices that
concerns with customary practices and social
practices defining what is wrong and right
Corporations have been seen to transgress into
dealings that may not be ethically right, although
from the point of view of business and
economics, it reaps in the profits.

Module Code and Module Title

Title of Slides

 The essential key words in developing a morally

sound and ethical system fall into the following
categories : - Ethics;
- Codes of Best Practices;
- Building an integrity system
- Implementation of governance system,
procedures
- Continuous review and updating

Module Code and Module Title

Title of Slides

Module Code and Module Title

Title of Slides

Codes of Best Practice

Code of best practices are guidelines codified to
enable a business organisation to hold on to the
values that it believes and are followed to
ensure that appropriate values are respected.
They are voluntarily carried out without the
requirements of legal enforcement. Codes are
developed from a set of principles that would
facilitate interpretation when a precise
circumstance is encountered and how it should
be carried out.

Module Code and Module Title

Title of Slides

Building an Integrity System

Code of ethics and codes of conduct;
Policies on corrupt and fraudulent
practices;
Values statements;
Corporate governance practices;
Risk management and internal control
procedures; and
Performance evaluation and monitoring
feedbacks.
Module Code and Module Title

Title of Slides

Important Aspects of Ethical Culture

Reward systems to incorporate ethical
considerations
Perceived fairness, fair treatment of
employees
Open discussion of ethics in the organisation
Authority structure that emphasizes an
employees accountability and responsibility to
question his or her own actions, and an
obligation to question authority when something
goes wrong

Module Code and Module Title

Title of Slides

 Communication and care for employees as

organisational focus
Official procedures following codes of ethics,
best practices and conduct
Supporting offices like ethics officer
Supporting systems and structures for
whistleblower, hotline and dedicated telephone
line.

Module Code and Module Title

Title of Slides