Ethical Business Practice and Regulation: A Behavioural and Values-Based Approach to Compliance and Enforcement

Ethical Business Practice and Regulation: A Behavioural and Values-Based Approach to Compliance and Enforcement
ISBN-10
1509916385
ISBN-13
9781509916382
Category
Law
Pages
352
Language
English
Published
2018-01-11
Publisher
Bloomsbury Publishing
Authors
Christopher Hodges, Ruth Steinholtz

Description

This book explains the concepts of Ethical Business Practice (EBP) and Ethical Business Regulation (EBR), a new paradigm in compliance and enforcement based on behavioural science and ethics. EBR provides the basis for an effective relationship between a business and its regulators, resulting in better outcomes for both. EBR is attracting extensive attention from regulators and businesses around the world. The UK Government's 2017 Regulatory Futures Review draws on EBR as the foundation for its policy of 'regulatory self-assurance'. EBR draws on findings from behavioural science, responsive regulation, safety and business and integrity management to create a practical and holistic approach. Examples include the open culture that is essential for civil aviation safety, the Primary Authority agreements between regulators and national businesses, and feedback mechanisms provided by market vigilance systems and sectoral consumer ombudsmen. This book provides an essential blueprint for sustainable business and effective future regulation.

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