ACCA - The global body for professional accountants

Risk and reward

Risk and reward: shared perspectives

This is a collection of 11 essays discussing different aspects of corporate responsibility and ethics.

It looks at how investor groups see risk and poses the question: is it feasible to expect commercial businesses to operate in accordance with the ‘public good’?

While guidance, standards and supervision have a role to play in regulating corporate activities, those activities are ultimately the result of the behaviour of individual employees. Whether regulatory standards of various kinds are rules-based or principles-based, the readiness of companies to apply them honestly, ethically and transparently is vitally important.

The report also acknowledges that the issue of behavioural risk assessment impacts on the public sector just as it does the private sector. Contributors’ essays address the application and measurement of ethical principles and consider how those principles might impact on performance.

 

Related resources

Published: 1 Mar 2011