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Staff say firms are 'unethical'

By Alan Jones

Published 04/10/2011

Britain's bosses are prioritising profits over principles, with workers believing their employers were more interested in financial goals than ethics, a new report has claimed.

A survey of 2,500 workers showed that fewer than a third of chief executives in large firms were seen to have ethics at the heart of any business decisions.

Workers in national and local government, utilities, post and telecoms firms said activities had become less ethical in recent years, according to the report by the Institute of Leadership & Management (ILM) and Management Today magazine.

Almost a fifth of public-sector employees and one in 10 staff in private firms said their organisation operated less ethically than three years ago.

Peter Cheese, chairman of ILM, said: "Employees, customers and shareholders expect ethical values to be at the heart of business decisions. The fact that so many leaders and organisations are perceived not to have that is a cause for serious concern and attention."

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