The Institute of Business Ethics or IBE is a

non-profit A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

professional organisation A professional association (also called a professional body, professional organization, or professional society) usually seeks to further a particular profession, the interests of individuals and organisations engaged in that profession, and th ...

based in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

, which encourages high standards of business behaviour based on

ethical values In ethics and social sciences, value denotes the degree of importance of something or action, with the aim of determining which actions are best to do or what way is best to live (normative ethics in ethics), or to describe the significance of dif ...

. They raise public awareness of the importance of doing business ethically, and collaborate with other UK and international organisations with interests and expertise in business ethics.

Overview

The IBE helps organisations to strengthen their ethics culture to encourage high standards of business behaviour based on ethical values. The IBE assists in the development, implementation and embedding of effective and relevant ethics and

corporate responsibility Corporate responsibility is a term which has come to characterize a family of professional disciplines intended to help a corporation stay competitive by maintaining accountability to its four main stakeholder groups: customers, employees, shareh ...

policies and programmes. In addition, the IBE helps organisations to provide guidance to employees and build relationships of trust with their principal stakeholders. The Institute's main aim is to raise public awareness of the importance of doing business ethically, and collaborate with other UK and international organisations with interests and expertise in business ethics.

History

The Institute of Business Ethics was founded in 1986 by businesses concerned that, following the deregulation of the

City of London The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London f ...

, ‘one’s word would no longer be one’s bond’.

The Big Bang The Big Bang event is a physical theory that describes how the universe expanded from an initial state of high density and temperature. Various cosmological models of the Big Bang explain the evolution of the observable universe from the ...

radically changed the way the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

operated, doing away with much of what was seen by critics as ‘the old boys’ network’ and internationalising London’s

financial markets A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial ma ...

. Originally, it operated as a fund within the Christian Association of Business Executives (CABE), a registered

charity Charity may refer to: Giving * Charitable organization or charity, a non-profit organization whose primary objectives are philanthropy and social well-being of persons * Charity (practice), the practice of being benevolent, giving and sharing * C ...

established to promote the study and application of Christian moral principles in the conduct of business. In 2000, the Institute obtained separat
charitable status
its charitable article being ''"to advance public education in business ethics and related subjects with particular reference to the study and application of ethical standards in the management and conduct of industry and business generally in the United Kingdom and elsewhere"''. Since its founding, the IBE has published more than 20 books on business ethics topics; conducted surveys on the use of codes of ethics within companies; developed

training Training is teaching, or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies. Training has specific goals of improving one's capability, capacity, productivity and performance. I ...

programmes in business ethics, from induction programmes to the board room; worked with

academics An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary or tertiary higher learning (and generally also research or honorary membership). The name traces back to Plato's school of philosophy, ...

and

business schools A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, o ...

to promote the study of business ethics within

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

and business studies courses; and offered advice and support to business ethics practitioners and their companies.

References

IBE Website

External links

Institute of Business EthicsCoubertin Olympic Awards Student Essay CompetitionEuropean Business Ethics Network
{{DEFAULTSORT:Institute Of Business Ethics 1986 establishments in the United Kingdom Business ethics organizations Business organisations based in London Organisations based in the City of Westminster Organizations established in 1986 Business Ethics