AKDN / Matteo Piazza
Murad Moosa Khan and Sameer Nizamuddin from the Aga Khan University in Pakistan, write that many organisations include "ethics" in their vision and mission statements and policies without truly understanding what it means to be an ethical organisation. Ethical values are not only about doing things right but also doing the right thing. It is about having an ethical perspective to every action and decision that takes place in an organisation. Amongst others, this includes conflict-of-interest issues, appointments and promotions, appraisal systems, institutional policies, compensation and benefits, moral distress in employees, as well as the organisation’s business model. The last is particularly important, as it is not only about making profits but how profits are made.