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Ethics or Bust: Beyond Compliance and Good Marketing

By Clare Payne

 
 

Fall 2007

Clare Payne
Clare Payne
© 2007 Finance & the Common Good / Bien Commun

Historically, the success of the finance industry has been judged by profits. Increasingly, however, society is seeking to judge the finance industry’s performance and role in society according to broader criteria, such as its social and environmental impact and ethical conduct. Herein lies the challenge for the finance industry. How does a complex and constantly evolving industry that relies on measurable outcomes to judge performance, satisfy society's ethical expectations of it?

This paper argues that ethical conduct should be a key performance indicator for the finance industry, along with profit generation and business development, and for ethics to be woven into corporate culture.

Download: Ethics or Bust: Beyond Compliance and Good Marketing (PDF, 150.77 K)

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RELATED

Biography:
Clare Payne
 
Organization:
Robin Cosgrove Prize for Ethics in Finance
 
Keywords:
Business, Ethics, Finance
 
Region:
Global
 
Resources:
The South and Carbondioxide: Every Cloud Has a Silver Lining
Microfinance: Getting Money to the Poor or Making Money out of the Poor?
Social Impact Ratings: How to Make Responsible Investment Appealing
In Search of Honesty and Altruism
When Small Companies Dabble in Disinformation
 
 
 
BLOG
Credit: Krzysztof J. Kokowicz, Lublin, Poland (First Place, Carnegie Council Poster Contest, Global Social Justice Category).
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