A stakeholder, governance and risk approach
To Be Published December 31st 2013 by Routledge – 400 pages
Traditionally, books on business ethics focus on CSR, companies’ relations with their stakeholders, and corporate citizenship. More recently, green credentials and sustainability has been added to that agenda. Unconventionally, this book argues that business ethics are basic to running business not a separate subject. They are inherent to the governance and management of every organization not an optional exercise in corporate citizenship. Business ethics concern behaviour in business and the behaviour of business. Decisions at every level in a company have ethical implications – strategically in the board room, managerially throughout the organization, and operationally in all of its activities.
Corporate governance is concerned with the way companies use their power and the way power is exercised over companies. The use, and sometimes the abuse, of that power can raise ethical issues. Inevitably, business involves risk. Whether decisions are at the strategic, managerial, or operational level, ethical risks abound with some companies accepting higher levels of risk than others. Exposure to ethical risk needs to be part of every organization’s strategy formulation, policy making, and enterprise risk management.
Designed to be read by both undergraduates and postgraduates; this book is a primer on ethics in business. It is not about moral philosophy, nor does it prescribe appropriate standards of behaviour or recommend economic, legal or political solutions. Rather it enables readers to recognize ethical issues in business, to respond appropriately, and to embed ethics in the business processes. The book not only considers what business ethics are, and why they are important, but offers practical approaches on how to develop a successful corporate ethics culture.
Part I: Business ethics – principles 1. The Evolution of Business Ethics 2. Are Business Ethics Important? 3. Business Ethics and Corporate Governance 4. Business Ethics and Enterprise Risk 5. Creating a Sound Ethics Culture Part II: Business ethics – practice 6. Business Ethics in Corporate and Financial Strategies 7. Business Ethics in Procurement and Marketing 8. Business Ethics and Employees 9. Business Ethics and Society 10. The Future of Business Ethics, Corporate Governance, and Risk
R. I. (Bob) Tricker D. Litt, FCMA, CGMA holds Honorary Professorships of The University of Hong Kong, the Open University of Hong Kong, and Hong Kong Baptist University.
Gretchen Tricker BA, MBA has been a researcher, journalist, and managing editor of a women’s style magazine in Hong Kong. Subsequently, she was Senior Research Officer in the University of Hong Kong, and deputy-editor of Corporate Governance - an international review. She wrote Shares in Hong Kong, the centennial history of the Hong Kong Stock Exchange (1991).