E3 Task 2 & 3 Flashcards
1
Q
Describe Runn’s ethical commitments
A
Cares deeply about its customers and stakeholders, and honours it’s commitments.
2
Q
Where does Runn fall slightly short ethically
A
It does not have a specific sustainability policy and/or mention of it’s environmental impact in it’s Vision, Mission or Values
3
Q
How might Runn’s environmental and sustainability approach be better articulated
A
Through use of the GRI reporting/integrated reporting
4
Q
How might Runn approach a potential ethical issue caused by one of it’s employees:
A
- Runn is one of the most trusted brands in the world and it should be seen to be holding itself to the highest levels of ethical standard.
- Runn cares deeply about its stakeholders - this should extend to employees. It should therefore be careful to deal in facts when approaching such issues and not be seen to be ‘judge and jury’, which is neither good legal or ethical practice.
- Claims of wrongful or unfair dismissal could emanate from acting too quickly.
- Were a serious but unfounded allegation occur, it would be worthwhile placing the employee on paid leave through the investigation, reiterating our commitment to ethical values however stressing the need to support an employee until such time that it is proven that culpability exists.
- Runn should communicate this both externally and internally (to keep employees engaged in developments, and to ensure common approach is applied in the event that they are asked externally).
5
Q
Discuss Runn’s safeguards against Ethical malpractice by its employees.
A
- Runn places it’s employees through stringent background checks and requires them to possess clean licences. They have access to data and packages.
- It is worth noting that risk of ethical and/or governance malpractice do not form a component of Runn’s strategic risk register.
- Choosing to add these could be a starting point towards developing a framework approach to ethical issues which ensures we are not seen to be inconsistent.
