Business Ethics

Smart casual

Many men reach for a blazer, dress shirt and jeans whenever the dress code dictates 'smart casual'. That is all well and good, but it's a safe approach that's hardly going to leave an impression on those around you.

Friday, 26 August, 2011, 12:00am

What gives?

For his 50th birthday last year, billionaire investor Rakesh Jhunjhunwala flew out 200 relatives and friends from Mumbai to Mauritius for three days of non-stop celebrations.

Amid the fine food and wines (eight chefs were flown in), dancing and beach sports, Jhunjhunwala took to the stage to speak about his father.

19 Aug 2011 - 12:00am

Tougher rules on bribery welcome

As an international business and financial centre, it is in Hong Kong's interest that the best practices are maintained. Reputation counts, so we have to ensure companies and officials do not bend or break the rules. Every effort has to be made to strengthen what is in place.

19 Jun 2011 - 12:00am

Environmental guide to have far-reaching effect

The Hong Kong stock exchange has been looking into ways to introduce the Environment, Social and Governance Guide (ESG) as part of the integrated reporting by listed companies. The guide has been increasingly adopted worldwide.

13 Jun 2011 - 12:00am

HK firms face tough UK anti-bribery law

Thousands of Hong Kong firms will soon be subject to a new British Bribery Act, said to be the strictest anti-corruption law in the world. Yet many are either ignorant of the new law or believe it will not affect them.

6 Jun 2011 - 12:00am

CSR requires strong leaders

Most companies in Hong Kong now have some form of corporate social responsibility (CSR) programme, recognising their duty to make a positive contribution to the broader community.

12 Mar 2011 - 12:00am

Leaders must set the right example

Companies that want to demonstrate their dedication to fostering ethical behaviour sometimes point to the size of their headcounts in compliance and risk management positions. But that's not enough, says Stephen Shih, head of MBA career services and corporate management at the School of Business Management at Hong Kong University of Science and Technology (HKUST).

19 Feb 2011 - 12:00am

Force and effect

Open and vigorous competition has many benefits. It results in competitive prices, better quality, more choices and new products and services. This is good for fair-dealing businesses and consumers.

22 Nov 2010 - 12:00am

Facing an ethical dilemma

One of the lessons learned from the global financial crisis was the importance of business ethics. As a result, many banks are looking for recruits with good character.

'Following the 'financial tsunami', the business community and society have been awakened to the importance of ethics,' says Lee Kam-hon, professor of marketing at Chinese University.

19 Nov 2010 - 12:00am

Apec 'silly shirts' to stay in wardrobe in Japan

With prickly regional, political and economic issues sure to trigger degrees of irritation at the Asia-Pacific Economic Co-operation summit in Yokohama, Japan, the leaders of the 21 nations can be forgiven for sighs of relief at being spared one indignity.

11 Nov 2010 - 12:00am

CSR is core part of a new lexicon

As the world becomes increasingly aware of corporate social responsibility (CSR) issues, finance and accounting professionals who help their companies and clients to improve their CSR performance can also boost their own marketable skills.

6 Nov 2010 - 12:00am

Employees attracted to caring companies

One question Joseph Michelli looks to address in The Starbucks Experience - the book and the workshops - is 'what can I learn from a company like that'? The answer, in most cases, is some variant of 'quite a lot', whether the people concerned are at the top of their organisation, somewhere else in the hierarchy, or simply hoping to make a mark in their community.

14 Aug 2010 - 12:00am

Serious season

In this city, the advent of 'silly season' - a term used to describe the emergence of more frivolous news when the usual newsmakers are on holiday - sees pseudo-models selling their pseudo-books at the pseudo-book-fair, organised by what I have argued before is a pseudo-public-body (aka the Trade Development Council).

9 Aug 2010 - 12:00am

Lashings of bargain dishes the recipe for new restaurant

Are you a glass half-full or a glass half-empty type of person? The proud owners of half-full glasses will not be deterred by the daunting realisation that more than half of business start-ups fail within five years. (The failure rate among new restaurants is much higher.)

18 Jul 2010 - 12:00am

BOOK (2000)

No Logo: Taking Aim at the Brand Bullies by Naomi Klein (Knopf Canada)

The idea that if something is cheap, then someone had to suffer making it has been a tenet of the political left for years. That idea is as true today as ever, but as Naomi Klein's influential 2000 book No Logo made clear, items no longer have to be cheap for workers to be exploited.

11 Jul 2010 - 12:00am