This article was first published in the Stanford Social Innovation Review (Summer 2013).
A wave of ethics transgressions underlines the importance of comprehensive ethics oversight for organizational success.
Last year, 2012, was in many regards a step forward for proponents of ethical action. Roger Gifford, the Lord Mayor of the City of London, one of the world’s financial capitals, declared business ethics a priority and critical to the City’s economic success. François Hollande published a Code of Ethics within 11 days of becoming president of France. And the new Chinese premier, Xi Jinping, highlighted the ongoing danger of corruption to economic and social development as a central part of his election discourse.