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Sir Cyril Chantler<br />

Chairman, University College London<br />

Partners Academic Health Sciences<br />

System<br />

“<br />

In his book Humanity: A Moral History <strong>of</strong> the Twentieth<br />

Century, published in 1999, Jonathan Glover wrote:<br />

“In Europe at the start <strong>of</strong> the twentieth century most<br />

people accepted the authority <strong>of</strong> morality... At the end <strong>of</strong><br />

the century, it is hard to be confident either about the moral<br />

law or about moral progress”.<br />

In our post-modern world, organisational values<br />

seem to be too rarely developed or applied. The<br />

common law is an inadequate substitute for an<br />

ethical framework which should be part <strong>of</strong> corporate<br />

governance; we need conscience as well as contract.<br />

Indeed Adam Smith pointed out in A Theory <strong>of</strong> Moral<br />

Sentiments, which is the companion book to The<br />

Wealth <strong>of</strong> Nations, that conscience or a sense <strong>of</strong> duty<br />

was an important part <strong>of</strong> regulation. So w<strong>here</strong> are<br />

we today? I would suggest that at least in the UK<br />

we have made little progress over the last decade.<br />

Politicians’ expenses, police entertaining, press<br />

hacking and bankers greed provide a bleak picture.<br />

Someone has just coined the term ‘trickle down<br />

morality’.<br />

But times change, pendulums swing and we can<br />

learn. None <strong>of</strong> us are perfect and we all, including<br />

myself, could do better. We now need to try again to<br />

ensure that all organisations take ethics seriously and<br />

work on their values. The bigger the organisation,<br />

both public and private, the more important this<br />

is. This is why the <strong>Institute</strong> <strong>of</strong> <strong>Business</strong> <strong>Ethics</strong><br />

deserves our wholehearted support. It is a matter <strong>of</strong><br />

enlightened self-interest!<br />

“<br />

“One <strong>of</strong> the major social evolutions <strong>of</strong> recent<br />

years has been the emergence <strong>of</strong> non-commercial<br />

concerns, such as the safety <strong>of</strong> personnel or the<br />

protection <strong>of</strong> the environment, at the forefront <strong>of</strong><br />

companies’ operational strategies. Other ethical<br />

issues, such as the prevention <strong>of</strong> fraud and corruption<br />

have recently made similar progress.<br />

More difficult to measure is the link between<br />

business and human rights which has recently<br />

become more visible. The important work carried<br />

out by the UN special rapporteur on this question,<br />

validated by the Human Rights Council in 2011,<br />

clearly contributed towards clarifying the situation<br />

by forcing the UN member states and companies to<br />

meet their respective responsibilities.<br />

Bernard Claude<br />

Chairman, <strong>Ethics</strong> Committee, Total<br />

In order for these main ethical principles to be<br />

implemented on the ground, we need to move past<br />

the ‘name and shame’ approach, and to count on the<br />

active collaboration <strong>of</strong> all the involved parties. The<br />

concepts <strong>of</strong> integrity and human rights should also<br />

be considered as ethical values, and not just as risks<br />

to manage.<br />

“<br />

I B E C E L E B R A T I N G 2 5 Y E A R S<br />

I B E C E L E B R A T I N G 2 5 Y E A R S<br />

8 9

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