Ethics as a risk management strategy: the Australian experience

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Francis, Ronald and Armstrong, Anona (2003) Ethics as a risk management strategy: the Australian experience. Journal of Business Ethics, 45 (4). pp. 375-385. ISSN 0167-4544

Abstract

This article addresses the connection of ethics to risk management, and argues that there are compelling reasons to consider good ethical practice to be an essential part of such risk management. That connection has significant commercial outcomes, which include identifying potential problems, preventing fraud, the preservation of corporate reputation, and the mitigation of court penalties should any transgression arise. Information about the legal position, examples of cases, and arguments about the potential benefits of ethics are canvassed. The orientation of this article is essentially Australian. It is hoped that it may provide some insights of value to other countries.

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Item type Article
URI https://vuir.vu.edu.au/id/eprint/777
DOI https://doi.org/10.1023/A:1024163831371
Official URL http://dx.doi.org/10.1023/A:1024163831371
Subjects Historical > Faculty/School/Research Centre/Department > Centre for International Corporate Governance Research
Historical > RFCD Classification > 350000 Commerce, Management, Tourism and Services
Keywords ethics, risk management, corporate governance, Australia
Citations in Scopus 53 - View on Scopus
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