We live in an increasingly interconnected world, with an unprecedented rise in data and more complex and extended global supply chains than ever before. As a result, organisations are under greater pressure than ever to manage their business responsibly. This CGMA report draws on insight from nearly 2,500 Chartered Global Management Accountant designation holders and CIMA students working in both private and public sectors to review how the ethical landscape has changed since 2012 and what corporate ethics look like in 2015. You can find out more information here: http://goo.gl/Rh7bt8

1. MANAGING RESPONSIBLE BUSINESS
2015 EDITION
The ethical challenges organisations must navigate to
succeed in a connected world
CGMA
®
REPORT

2. We live in a rapidly-changing,
interconnected world…

3. …and since the financial crisis of 2008,
the world has changed considerably

4. The way we perceive businesses
has changed

5. And there is greater expectation than
ever before for businesses to act ethically

6. Organisations are more global than
ever, making operating ethically
a complex process

7. It’s not good enough for businesses to
simply offer a product or service

8. Businesses need to deliver their
product or services to customers in a
responsible manner

9. From supply chain,
environmental issues
and employee working
conditions…

10. … to anti-corruption and
bribery procedures

11. Since 2008, the world has
changed considerably
The World Bank1
suggests that
corruption adds up to 10% of
the total cost of doing business
globally…and adds 25% to
procurement costs in
developing countries
1. http://www.weforum.org/content/global-agenda-council-transparency-anti-corruption-2014-2016-0

12. CGMA research2
finds that 82% of
organisations around the world have a
code of ethics
2. http://www.cgma.org/Resources/Reports/Pages/2015-managing-responsible-business.aspx

13. In the largest businesses, this rises to 92%3
3. http://www.cgma.org/Resources/Reports/Pages/2015-managing-responsible-business.aspx

14. But codes are not enough.
Action is needed to create just
and fair working conditions and
practises around the world

15. Ensuring that
information is
accurate and
transparent has
never been more
important.

16. And embedding an ethical culture is
vital to business success

17. or breaks a business.
Because reputation makes

18. To find out more about how you can help
manage your business more responsibly,
download the CGMA report on
Managing Responsible Business.
at www.cgma.org/responsiblebusiness
CGMA
®
REPORT