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Ethical Business Practice and Regulation

Ethical Business Practice and Regulation A Behavioural and Ethical Values-Driven Approach to Compliance and Enforcement

Author: Christopher Hodges; Ruth Steinholtz
Publisher: Hart Publishing
ISBN: 9781509916368
Published In: December 2017
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: AU$93.57

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Description
Contents

Details

This book explains the concept of Ethical Business Regulation (EBR), a new approach that goes beyond compliance and enforcement, and provides the basis for a consistently effective relationship between a business and its regulators, based on evidence of consistent ethical behaviour involving the business and all its stakeholders. EBR is attracting extensive attention from regulators and businesses around the world.

The UK Government's 2017 Regulatory Futures Review draws on EBR as foundation for the policy of 'regulatory self-assurance'. EBR draws on findings from behavioural science, responsive regulation and business and integrity management to create a holistic approach.

Examples of the coordinated approach include the open culture that is essential for civil aviation safety, the Primary Authority agreements between regulators and national businesses, and feedback mechanisms provided by market vigilance systems and sectoral consumer ombudsmen. This book provides an essential blueprint for effective future regulation.

Part I: The Ideas

1. Why Do People Conform to Rules or Break Them? Piecing Together the Evidence

2. Characteristics to Build on

3. The Traditional Way of Enforcing the Law: Deterrence

4. Fair and Proportionate Measures

5. The Need for Cooperation

6. Trust Within and in Organisations

7. How to Learn and Improve Performance: An Open Culture without Blame

8. Why Should We Be Ethical? Ethical Business Practice as Sound Commercial Strategy

Part II: Where We are Now

9. The Status of Corporate Governance

10. The Status of Regulatory Policy