Issue 8: Summer 2010-2011Subscribe via RSS

ASX Best Practice Corporate Governance Principles

Editor’s note: The adoption of codes such as the ASX Best Practice Corporate Governance Principles (outlined below) can assist Third Sector organisations to build an ethical culture. They will have a strong ethical culture when board and management lead with integrity, managers reinforce ethical conduct, peers display a commitment to ethics and the organisation integrates its values in day-to-day decision-making. The integration of Codes of Conduct and Ethics into the practice of the organisation, the … Continue reading

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New FIA principles and standards of fundraising practice

Recently the Fundraising Institute of Australia (FIA) launched an important new Code of Practice, Principles and Standards of Fundraising Practice, which allows Third Sector organisations to check how they should be operating and allows donors to recognise complying organisations.   Ethical fundraising is crucial to public trust in Third Sector organisations.  The Code plays an important part in setting the framework for appropriate transparency, accountability and ethical practice.  The principles are critical to how the fundraising profession … Continue reading

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Ethics on the study program

by Leo d’Angelo Fisher. Business Review Weekly, September 2010 Stung by criticism that MBA executives contributed to the global financial crisis, many leading business schools in the USA and Europe have responded by rewriting their MBA curriculums.  Fisher reports that the biggest shortcomings of the transgressors who brought the world’s financial system to the brink involve familiar keywords:  ethics, values, sustainability, responsibility and accountability.  He asks:  If business schools are not to blame for the … Continue reading

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Microfinance’s next frontier

by Meredith May. Stanford Social Innovation Review, Fall 2010 Microinsurance is a small insurance policy that can be sold to a poor or low-income person in an emerging market.  It is the next frontier in the microfinance movement. Today more than 150 million low-income people in developing countries are improving their families’ futures through microloans, according to the World Bank.  As workers grow their microbusinesses, they want insurance.  All it takes is a flood, a … Continue reading

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Towards moral capitalism

by Stephen Young, in The World that Changes the World: How Philanthropy, Innovation, and Entrepreneurship are Transforming the Social Ecosystem, edited by W. Cheng, S. Mohamed; John Wiley and Sons, 2010 CSR plays a vital role in ensuring that corporate interests align with the broader social and environmental interests of the community in which businesses operate.  However the basis for CSR and what it entails is not well agreed among the players in the economy.  … Continue reading

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Working with CSR in Brazilian companies

“Working with CSR in Brazilian companies: The Role of Managers’ Values in the Maintenance of Culture”, by Fernanda Duarte. Journal of Business Ethics, Volume 96, Number 3, Pages 355-368. Spring 2010 Corporate social responsibility (CSR) refers to the duty of management to consider and respond to issues beyond the organisation’s economic and legal requirements, in line with social and environmental values.  However “management” is real people responsible for making decisions and formulating and implementing policies. Duarte … Continue reading

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Turning values into action

by Mary C Gentile. Stanford Social Innovation Review, Fall 2010 Social innovators are usually motivated by their personal values, yet they don’t always act on them, because they are afraid it might lead to conflict.  Even when they do act, it often ends badly.  To remedy this, social innovators can learn how to articulate their values consistently and act on them in a way that is likely to lead to good outcomes. So concludes Gentile … Continue reading

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Book Review: In Search of Civilization: Remaking a Tarnished Idea

Book Review: In Search of Civilization: Remaking a Tarnished Idea Book by John Armstrong, published by Penguin Books Australia, 2009 Reviewed by Dr Joseph Collins In Search of Civilization helps us explore a philosophical journey about the idea of civilization.  It begins with seemingly benign propositions: civilization ‘shapes its members’ sense of right from wrong’, ‘it’s all to do with the sophisticated pursuit of pleasure’ and ‘it requires a high level of intellectual and artistic … Continue reading

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Summer 2010-2011: Ethics in the Third Sector

In this issue we take a look at ethics in the Third Sector, from a broad discussion of the ideas underpinning civilisation, to the values each of us brings to decisions and we then explore the link between personal values and corporate responsibility. Recent developments such as the unethical conduct of some financial institutions during the global financial crisis as well as the recent example of the BP ‘Deepwater Horizon’ oil spill have resulted in … Continue reading

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