Size doesn't matter in fraud prevention

15 October 2014
While most business people can talk with ease about fraud and corruption, they have more difficulty talking about the ethical conduct that they would like to see in business. Very simply, business ethics revolve around actions that balance self-interests with the interests of others, and with the greater good. Taking or assigning responsibility for ensuring that business ethics is being practiced is however not as simple.

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Two Ethics Lessons from Nkandla

2 October 2014
The Public Protector’s report on Nkandla and President Zuma’s reaction thereto have highlighted two fault lines with regard to ethics.  The first fault line relates to the process for handling unethical conduct by a sitting president. The other fault line concerns the manner in which political authority figures react when their unethical conduct is exposed.

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African and Chinese business leaders forge new ties for better collaboration

17 September 2014

Business, government, civil society and academia each have important roles to play in strengthening and improving business ties between Chinese companies and the African communities in which they do business. That was the conclusion of delegates attending a three-day dialogue. Delegates identified several action points aimed at building better Sino-African business relations.

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We should be contributors to ethics – not consumers thereof

Prof Deon Rossouw
CEO: EthicsSA

A lack of ethics in public life has made South Africans appreciate the benefits of an ethical society, but we need to get rid of a consumer mindset when it comes to ethics. What we need to realise as a nation is that ethics is not something we can just ‘consume’ – we all have to collaborate in building an ethical society. We should all commit to playing our parts in building a culture of ethics in 2014.

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Africans negative about Chinese business impact

Ethics Institute of South Africa
18 February 2014

Africans are generally negative about the impact of Chinese business on the continent. This is the key finding from a long-awaited survey conducted by the Ethics Institute of South Africa (EthicsSA).

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Three ethical responsibilities of boards

Ethics Institute of South Africa
27 March 2014

Ethics have become a permanent and pronounced feature of corporate governance. This growth in prominence can be traced through the three versions of the King Codes of Governance for South Africa. King III, the latest code, starts with a chapter on “Ethical leadership and corporate citizenship”.

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Corruption is the enemy of innovation: EthicsSA

Ethics Institute of South Africa
1 April 2014

There’s a view that a certain amount of corruption should be tolerated, especially in emerging economies. Such an approach, so the thinking goes, gives officials the opportunity to become entrepreneurial and this in turn stimulates innovation and the market.

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The gap between law and morality is harming South Africa

Ethics Institute of South Africa
15 April 2014

South Africans all agree that we need to create a more moral society, but we rely too heavily on law alone to produce one. This emphasis on law and legality creates a gap that is being exploited by unscrupulous people in both the public and private sectors to act corruptly. At the root of the problem, argues Professor Deon Rossouw, CEO of the Ethics Institute of South Africa (EthicsSA), is the general tendency to assume that law and morality are basically the same thing.

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Elections alone are not the answer; SA citizens should build an ethical society now

Ethics Institute of South Africa
6 May 2014

Widespread acceptance that corruption is now perhaps the major inhibitor of social progress and justice, and a major contributor to escalating social instability, is giving rise to calls for a more ethical society. Even the President, himself facing accusations of unethical conduct, intermittently makes a call for moral regeneration.

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Unethical behaviour has high social and financial costs—for companies and countries alike

Ethics Institute of South Africa
5 June 2014
By Professor Deon Rossouw, CEO of the Ethics Institute of South Africa

In January this year, JP Morgan, the investment bank, reported a fall of 7.3 percent in fourth-quarter earnings, at least in part as a result of the $1.1 billion in after-tax income it had to pay in legal expenses. These expenses included settlements regarding its failure to report suspicions about the viability of funds administered by Ponzi fraudster, Bernard Madoff. 

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Capitalists themselves in search of a new economic model

Ethics Institute of South Africa
7 July 2014
By Professor Deon Rossouw, CEO, Ethics Institute of South Africa

I have previously written about capitalism’s crisis of legitimacy in the wake of Marikana. The recently ended strike in the platinum sector further underlined some of the fault lines in the structure of our economy. And although the strike is now over, its long-term effects on the miners and the industry itself have yet to become apparent.

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Nkandla: Flaws in Executive Code of Ethics need urgent attention

Ethics Institute of South Africa
25 July 2014

President Zuma’s failure to meet the deadline for presenting his response to the Public Protector’s Nkandla report, demonstrates the urgent need to fix the existing Code of Ethics for national and provincial cabinet ministers and their deputies.

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