Caveat Emptor! Alive and well and living in South Africa

Caveat emptor is Latin for "Let the buyer beware". It refers to a contract law principle mostly applied in the real estate industry, but may also be used to selling of other products and services. The phrase caveat emptor arises from the fact that buyers typically have less information about what they buy, while the seller has more information.

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The courage to be ethical

We are in the last days of 2015. Feeling exhausted after a demanding year is quite natural and appropriate. But I also sense that there is generally a low morale doing the rounds. And understandably so. The economy is slow, too many people can’t find jobs, there is wide-spread student and labour unrest, the local currency is devaluating against the world’s major currencies. And so on…

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Don't Pay the Whistle Blower (even if he gets you to the other side)

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Adams’ Ethics Pizza

Over a number of years I’ve been trying to determine those actions which an organisation needs to take to build an ethical culture.

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When the brand lets you down - the Volkswagen case study

Volkswagen South Africa has been reassuring local owners that the international "Dieselgate" catastrophe doesn't affect their products locally. This comes as a relief in view of the continuing developments in the international scandal that engulfed the German automotive giant.

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Ethics management strategies/ tactics: Lessons from nature

Ethics officer not only need to be capacitated in term of the knowledge of the ethics framework, but also need to develop the skills/ tactics that are key in driving and implementing an effective ethics programme. Even the most experienced ethics officer’s often have to draw solutions from other sources such as nature.

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Incentivising Whistleblowing – is it the right thing to do?

Whistleblowers serve private and public interests when they raise concerns about wrongdoing but how do we recognise those who choose to come forward? Should we offer financial rewards for their moral courage to stand up for what is right?

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Is your Board bored? - By Frank Navran

The King Committee on Corporate Governance launched the King Report on Corporate Governance for South Africa – 2009 (King III Report) at an Institute of Directors (IoDSA) Conference, 1 September 2009. In that report the components of an “effective ethics program were detailed. The Board’s specific obligations regarding ethics oversight were presented in detail. Among those are the obligation to receive periodic reports from the responsible officials within the organization (e.g., ethics officers) regarding corporate practices and conduct.

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Assessing corporate culture

Assessing corporate culture

The following article, republished with permission from www.financialdirector.co.uk (click here for the original article), shows the growing understanding of the importance of corporate culture in organisational governance. It also sets out some challenges in assessing corporate culture. 

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Corruption: don’t talk, train

“Talking about fraud and corruption isn’t going to prevent it from happening,” says Professor Deon Rossouw, CEO of the Ethics Institute of South Africa (EthicsSA). “We need to train people in preventing unethical conduct.”

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Are young job seekers ethically discerning?

The workforce is currently composed of individuals from three generations: the ‘Baby Boomers’, Generation X and Generation Y. Generation Y are also referred to as ‘Millennials’, the ‘Dot.com Generation’, ‘Nexters’, the ‘Digital Generation’, ‘Generation E’, ‘EchoBoomers’ and ‘N-Gens’. Generation Y has been accepted as referring to any individual born from the mid-1970s to the early 1990s. Donaldson (2012) by means of qualitative research and Syffert (2013) through a quantitative approach, investigated whether Generation Y job seekers consider the ethical reputation of prospective employers?

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The Global Ethics Forum 2015

 

The Sixth Global Ethics Forum was hosted in Geneva on 25 and 26 June 2015, and EthicsSA participated actively in this event.

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