Saturday, December 09, 2006

Many Managers Reluctant to Blow Whistle on Fraudulent Practices


A recent survey by Management Today magazine of management attitudes towards business ethics reveals surprising results. The survey shows differences in attitudes towards ethics on workplace between male and female representatives of different age groups. One of the conclusions is that a significant proportion of managers condones fraud by accepting it as inevitable and costing it into their company's operations. Thinking of taking a "sicky" day off following yet another party, posting a Christmas card from the office, charging that extra festive lunch to expenses? It might not be such a good idea, according to a survey of management attitudes to business ethics, which claims nine out of 10 managers believe such seasonal misdemeanours are unacceptable.

However, the survey of more than 800 managers published in the latest issue of Management Today also reveals a surprisingly cavalier attitude to what most staff would regard as more serious offences. While more than 50 per cent of those interviewed were aware of fraudulent practices at work, four in 10 said they would not blow the whistle. While 67 per cent of those surveyed agreed with the statement that "everybody lies to their boss on occasions", one in four managers said they wouldn't rule out giving a clean reference to adishonest member of staff.

See full Article.