Think of all the acreage devoted to it in most Plc annual reports, the millions of words spoken about it at various conferences around the world and you'd think that ethical behaviour and metrics were embedded in every FTSE business.
Not so according to a study by the Chartered Institute of Internal Auditors (IIA). Whilst it appears that most talk a good game (lots of mentions of integrity and responsibility), only 23% of FTSE 100 firms provide any measure of ethical standards.
Given what the world has been through since 2008, it's interesting to imagine quite what else might be needed before more companies stop talking and start doing....
Full Article: Chartered Institute of Internal Auditors