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This ACCA paper looks at how investor groups see the significance of risk and pose the question of whether it is feasible to expect commercial businesses to operate in accordance with some conception of the ‘public good’.

Inside:

• Capitalism and the concept of the ‘public good’
• Company law and the concept of corporate social responsibility
• Making businesses more accountable to investors
• Learning from environmental credit risk management
• Avoiding bear-traps: an investor tool for identifying and managing business ethics risks
• Ethics: does ethical governance actually lead to better organisational performance?
• Ethical leadership: lessons from two biographies
• Measuring ethical performance
• Ethical governance and the Audit Commission
• Assuring company integrity – introducing a tool to protect reputation and shareholder value
• Ensuring good ethical governance in partnership arrangements

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