Mastering Risk Management

INTRODUCTION: THE CHALLENGE

The scale of the challenge

• ■30% tell a lie at work every day
• ■41% believe career takes preference vs morals
• ■42% feel pressured to behave unethically
• ■60% have witnessed others do unethical things
• ■80% don’t think managers set an ethical example1

A Labaton Sucharow survey showed that 25% of those surveyed said that they would do something illegal or unethical to get ahead and 16% would commit a crime if they could get away with it.2 Martin Wheatley, when he was CEO at the UK FCA, said ‘more than 50% of financial services executives still insist that ‘ethical flexibility’ is important for career progression’3

Nor is it just about individuals, but management. Faced with subtle threats to their jobs or their careers, ...