Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

Business Ethics – Luxury or Necessity?


Thursday, 22nd July 2004 at 1:07 pm
Staff Reporter
Failing to address ethical and governance issues will lead to long term contraction of business opportunities and growth according to Christine Charles, corporate executive from Newmont Australia.

Thursday, 22nd July 2004
at 1:07 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Business Ethics – Luxury or Necessity?
Thursday, 22nd July 2004 at 1:07 pm

Failing to address ethical and governance issues will lead to long term contraction of business opportunities and growth according to Christine Charles, corporate executive from Newmont Australia.

Charles was speaking at a forum in Melbourne where corporate and union executives and business academics and politicians came together as part of Oxfam Community Aid Abroad’s second Business Ethics Forum.

Entitled Business Ethics –Luxury or Necessity, Christine Charles told the forum that from the board room down the challenge is to ensure corporate behaviour, systems and monitoring make sure that corporate responsibility is not optional – it is a business necessity.

HIH Royal Commission Inquirer, Justice Neville Owen told the forum that corporate governance is about decision making and the decision–maker must go beyond the economic consequences of the problem to examine the essential morality of any proposal.

Justice Owner said that what matters is how a corporation actually operates rather than the way it says it operates.

ACTU President, Sharan Burrow says high standards of Corporate Governance and Corporate Social Responsibility are of vital concern for unions.

Burrows told the forum that sustainable enterprises equal secure jobs and stable economies. Hence there is growing union support for global initiatives which establish principles of ethical behaviour and reporting frameworks for both financial and social outcomes.

She said productive relationships with business are critical where they are based on shared values and respect for both people and their communities.

She added that for those with little respect for human rights, core labour standards and environmental responsibility, the challenge is to convince them to shift their approach or if that fails, to oppose their practices in specific and targeted global campaigns.

She concluded that unfair competition against ethical business based on exploitation of people cannot be tolerated.

The Business Ethics Forum was hosted by broadcaster and columnist Jill Singer and is part of a series by Oxfam.

Andrew Hewett, the Executive Director of Oxfam Community Aid Abroad.
Says productive private sector investment is an important driver of economic growth and poverty reduction.

He says the choice facing the business sector is how to use their power to further sustainable human development by building practical frameworks that reflect broader social responsibilities.

For more information on Business Ethics Forums go to www.oxfam.org.au.



Guide to Giving

FEATURED SUPPLIERS


HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

More Suppliers

Tags : Ethics,

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

$2 Million Grant Helps Give Australians in Need A Fair Go

Wendy Williams

Thursday, 21st September 2017 at 8:35 am

NFPs Need Social Media More Than They Know

Alecia Hancock

Thursday, 21st September 2017 at 8:33 am

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!