Acting in the public interest â a framework for analysis - ICAEW

More documents

Recommendations

Info

Panel 7.6: ICAEW and clarity of values (continued)Further work is being done in this area: for example ICAEW’s on-going Market Foundationsthought leadership work and a paper by the Fédération des Experts Comptables Européens,which has been exploring the need for further guidance on integrity in professionalethics. 170 In addition, ICAEW is carrying out work with the TEEB coalition (The Economics ofEcosystems and Biodiversity 171 ) which addresses the importance of ecosystem services andthe value of biodiversity to the economy. This work highlights the problems of defining andagreeing values that underlie the necessary ethical frameworks, and throws up the challengeof adjusting the public’s wants or even overriding them legitimately with replacement values.7.5 Chapter summaryThe relevant public’s wants may be incompatible with a public interest outcome for a numberof reasons:• the overall impact of individual wants may be a sub-optimal outcome through the effectof one person’s activities directly affecting another’s, or through what the public think theywant being distorted by incomplete or wrong information;• common goods and services and other externalities, which result in a different marginalcost-benefit to individuals than to society as a whole, especially taking qualitative issuesinto account;• over-riding values, arising for example, from seeking to lead a change in attitudes; or• over discounting of future effects compared to current impact.As a result the relevant public’s wants may need to be adjusted. However, a ‘we know better’attitude is rightly open to challenge and there will be an onus on advocates of public interestactions to explain why they know better.170Fédération des Experts Comptables Européens, Integrity in Professional Ethics: A Discussion Paper and Analysis of Responses.171www.teebweb.org52Constraints to wants
8. AGGREGATION AND DECISIONThose responsible for a public interest action need to adopt a processfor decision making which can be explained and justified.How are decisions to be made practically, given conflicts and otherconstraints?What are the roles in decision making of calculation and ‘intuition’?Credentials forinvoking thepublic interestImplementationApplicability ofthe publicinterestAggregation anddecisionActing inthe publicinterestThe relevantpublicConstraints towantsThe relevantpublic’s wants
Page 1 and 2:
ACTING IN THE PUBLIC INTEREST:A FRA
Page 3:
ACTING IN THE PUBLIC INTEREST:A FRA
Page 9: Our framework is based around the k
Page 12 and 13: The answers to these questions will
Page 14 and 15: 2. INTRODUCTION2.1 Concepts of the
Page 16 and 17: Accordingly, this report addresses
Page 18 and 19: Panel 2.4: ICAEW and its public int
Page 20 and 21: The Mediterranean republics needed
Page 22 and 23: We set out a framework for discussi
Page 24 and 25: 3. CREDENTIALS FOR INVOKINGTHE PUBL
Page 26 and 27: By and large producers operate in s
Page 29 and 30: the UK government set up a ‘Commi
Page 31 and 32: 4. APPLICABILITY OF THE PUBLIC INTE
Page 33 and 34: to be a public interest matter: fir
Page 35: This highlights that there may be p
Page 38 and 39: 5. THE RELEVANT PUBLIC5.1 ScopeIn o
Page 40 and 41: 5.3 Geographical exclusionsGeograph
Page 42 and 43: 6. THE RELEVANT PUBLIC’S WANTS6.1
Page 44 and 45: • work, that is having some, havi
Page 46 and 47: Panel 6.3: Weisbrod’s public inte
Page 48 and 49: Having sought out representative op
Page 50 and 51: 7. CONSTRAINTS TO WANTS7.1 Self-int
Page 52 and 53: In terms of whether the relevant pu
Page 54 and 55: Panel 7.5: Management of national d
Page 58 and 59: 8. AGGREGATION AND DECISION8.1 Base
Page 60 and 61: Other ethical decision-making model
Page 62 and 63: In this instance, while national se
Page 65 and 66: 9. IMPLEMENTATIONA proposed action
Page 67 and 68: • giving up where targets seem un
Page 69 and 70: 9.2.1 Government authorityAt the st
Page 71 and 72: 9.3 Infrastructure and support tool
Page 73 and 74: 12. The framework proposes a signif
Page 75 and 76: ibliographyAdler, Jonathan H, Perve
Page 77 and 78: Goldstein, Eric A, ‘Defining the
Page 79 and 80: Persky, Joseph, ‘Retrospectives:
Page 81: The ICAEW is a founder member of th
show all

Acting in the public interest â a framework for analysis - ICAEW

Create successful ePaper yourself

Delete template?

Save as template?

Acting in the public interest â a framework for analysis - ICAEW