The ethical behaviour of individuals directly influences an institution’s success. An institution’s values are reflected in those of its employees. Abiding by good ethics is the foundation for earning and keeping the trust and loyalty of customers and the public. Nothing is more critical to a company or institution’s future than the customer and the public trust. Once it is lost, it is very tough to win back.
The negative consequences of unethical and corrupt behaviour can have adverse effects. Besides damaging the reputation, brand and shareholder value, misconduct can undermine public confidence, hurt the company’s work culture and lead to unacceptable behavior and in extreme cases financial crimes. Negative publicity from ethical misconduct and corruption can also damage a company’s ability to attract and retain business and even outstanding employees.
Each one of us, from the individual consumer to the CEO of an international corporation, is affected in some way by ethical dilemmas during our lifetime. Therefore, it is important that employees not only recognize how their unethical behaviour may affect the institution, but also the ramifications that may flow from such, even where the consequences are unintended. In short, everyone has a stake in the ramifications resulting from unethical decisions.
This ethics and anti-corruption course offers an introduction to the concept of values, morality, corruption, as well as cultural beliefs and upbringing in all areas of responsibility. The public expects and demands integrity, honesty, and transparency at all levels. Understanding those expectations is the key to communicating core values and behavior not only to employees but society in general.