Archive for Business Ethics

CURBING A GLOBAL PHENOMENON

CURBING A GLOBAL PHENOMENON

By: Anton van Heerden To create a sustainable business and prevent economic crimes such as fraud, the best place to start is to understand the human psyche. Believing that a person capable of crime can be stereotyped is probably the first mistake. Typically, most small…

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BONUSES PAID TO DIRECTORS OF PRIVATE COMPANIES

BONUSES PAID TO DIRECTORS OF PRIVATE COMPANIES

Accountancy SA Members are reminded that the tax treatment of variable remuneration changed with effect 1 March 2013. The position is that both the accrual to the employee and the deduction of the expenditure incurred by the employer will take place on the date during…

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GOOD GOVERNANCE – WHAT IS THAT?

GOOD GOVERNANCE – WHAT IS THAT?

When Enron filed for bankruptcy in December 2001 many did not realise then that the event would become one of the milestones in the story of corporate governance. The word Enron has become synonymous with business failure caused by poor corporate governance. We have become…

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COMMERCE WITHOUT MORALITY

COMMERCE WITHOUT MORALITY

COMMERCE WITHOUT MORALITY IS NOT ONLY USELESS BUT POSITIVELY DANGEROUS  In the workplace, it is easy to find oneself in a moral dilemma without even realising how you got there.  The workplace – like a home – can be made up of various different facets….

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ETHICS AND CORPORATE GOVERNANCE

ETHICS AND CORPORATE GOVERNANCE

Ethics has become a permanent and prominent feature of corporate governance in South Africa. According to the Kind Report on Corporate Governance, there are three key responsibilities that directors, collectively and individually, must discharge with regard to ethics.  Ethics has become a permanent and prominent…

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DEFINITION OF ‘ETHICS’ DECONSTRUCTED

DEFINITION OF ‘ETHICS’ DECONSTRUCTED

Ethics are more important today than ever before and that its importance in the business world will increase exponentially in future.  Generally speaking, ethics or moral philosophy is a collective of philosophical principles that include defining, defending and recommending concepts of what are considered right…

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MORE WOES FOR MITSUBISHI MOTORS

MORE WOES FOR MITSUBISHI MOTORS

Tokyo: Mitsubishi Motors’ fuel economy scandal broadened yesterday as media reported the vehicle maker had submitted misleading data on at least one more model than disclosed and likely several others.  Japan’s sixth-largest vehicle maker admitted this week it had overstated the fuel efficiency of 625…

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HONESTY – ALWAYS THE BEST POLICY

HONESTY – ALWAYS THE BEST POLICY

A wise man once said: ‘Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.’ Albert Einstein echoed this sentiment in saying: ‘Whoever is careless with the trust in…

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