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BAE Systems is to implement all 23 recommendations of the Woolf committee's report on its ethical standards in a three-year program that will be monitored by an external auditor. This is one of many recent cases in which organizations have given ethics more credence and used them to drive their business strategies. At CIMA they are dedicated to supporting members and students by ensuring high standards of ethical compliance and professional competence. Three years ago they recruited an ethics manager. They've also recently completed research with the Institute of Business Ethics into what firms are doing to manage their ethical performance and the implications for finance professionals. They monitor members in two areas: CIMA professional development for all members and the mandatory requirements for members in practice. Their focus on professional standards is, therefore, key to their membership and student growth.
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