Apr 2013

Embedding ethical values into the corporate culture

This paper summarises the discussions at the Malaysian Institute of Integrity (IIM) and Chartered Institute of Management Accountants (CIMA) roundtable on corporate integrity. The roundtable focused on five areas of discussion on aspects of corporate operations and activity that lend themselves to good ethical practice.

In July 2012 CIMA and IIM signed a Memorandum of Understanding, which signifies a commitment towards creating a business environment within each organisation that is fair, transparent and free from corruption.

A roundtable on corporate integrity, held on 15 October 2012 in Kuala Lumpur, brought together representatives from various companies, both SMEs and multinationals, to discuss the issues of embedding ethical values into the corporate culture of an organisation.

Findings in CIMA’s report 'Acting under pressure' affirmed that a transparent operating culture, support from management and compliance with both local and international regulations and norms, are necessary for effective business reputation.

The independence and objectivity of finance personnel should be protected so that they can safeguard the wider interests of the business, for the long term success of the business.

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Embedding ethical values into the corporate culture