How to rebuild and maintain trust in your business
Podcast episode
About the episode
When nobel prize winning economist Milton Friedman penned his influential essay, The Social Responsibility of Business is to Increase its Profits, he included a vital caveat that many leaders can appear to overlook.
Executives are generally directed to seek to make as much money as possible, wrote Friedman, “while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom”.
More than five decades have passed since the publication of Friedman’s doctrine, and history shows that ethics can be a murky concept across the corporate landscape.
Despite an abundance of regulations, guidelines and frameworks that govern ethical business practices, improper behaviour still slips through the cracks.
Listen to the full episode.
INTHEBLACK Out Loud is presented by CPA Australia.
You can also listen to this series and other CPA Australia podcast episodes on CPA Australia’s YouTube channel.
CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:
Search for them in your podcast platform.
You can email the podcast team at [email protected]
Subscribe to INTHEBLACK Out Loud
Follow INTHEBLACK Out Loud on your favourite player and listen to the latest podcast episodes
