Red flags that signal companies at risk of a corporate scandal

Scandals such as VW’s “dieselgate”, bankers rigging interest rates and Tesco’s accounting black hole will not be prevented by hitting business with tighter regulation, according to a new report.

Instead business needs to take a new approach to corporate culture, according to joint research from three heavyweight watchdogs, who claim a company’s mindset can encourage rule-breaking and reforming this can prevent future troubles.

The International Corporate Governance Network (ICGN), the Governance Institute (ICSA) and the Institute of Business Ethics (IBE) have produced a report which identifies “red flags” they says highlight poor corporate culture - and could even indicate a scandal is brewing. Read more…

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