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Ethics training the new management imperative

Of course, anyone in the business of providing services to companies around ethics and sustainability training/conferences/research/subscriptions would argue that the statement above is true.

But that does not detract from the fact that the title of this blog is, in fact, correct. We all know so now.

A new survey of business says as much. I know, I got the press release just last week:

“Ethics training can be a major tool in fighting corruption in developing countries, according to the results of the latest quarterly World Economic Survey (WES) by the International Chamber of Commerce (ICC) and the Institute for Economic Research (Ifo) in Munich.”

This finding is based on the views of 1,156 experts polled in 124 countries worldwide, says the ICC.

Here’s some more detail:

“In the first part of the question the experts were asked whether they agreed stronger emphasis on ethics and compliance training for business in their respective countries would help improve productivity and attract more foreign investment. Although the results differed markedly according to the region, it was clear experts in emerging nations overwhelmingly supported the statement.

In Africa, 90% of experts agreed and in both South America and Asia the consensus level was at 88%. There was also a high level of agreement from experts in Eastern Europe and the CIS countries where the statement was supported by 87% and 85% respectively.

In Europe, 48% of respondents agreed with the statement and in North America and Oceania it was supported by 31% and 33% of respondents respectively.

When the findings are tied in with Transparency International’s 2011 Corruption Perceptions Indicator (CPI), they reveal a general pattern: the more corrupt a country is perceived to be, the greater the consensus that ethics training is needed to help boost the economy.” More on this, here.

So this confirms what we already know. What’s helpful is that the ICC is becoming ever more public about the need to tackle corruption and other problematic ethical issues through training and engagement. About time too.