Values and Ethics Risk

Values and Ethics Risk - Values and Ethics Risk refers to the potential for negative consequences arising from an organization's failure to adhere to its stated values, principles, or ethical standards in its operations, decision-making, or behaviors. This can result from unethical practices, inadequate oversight, or cultural issues, potentially leading to reputational damage, legal liabilities, or loss of stakeholder trust, ultimately impacting the organization's overall performance, credibility, and sustainability

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Values and Ethics Risk
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Definition and Examples

Definition
Values and Ethics Risk refers to the potential for negative consequences arising from an organization's failure to adhere to its stated values, principles, or ethical standards in its operations, decision-making, or behaviors. This can result from unethical practices, inadequate oversight, or cultural issues, potentially leading to reputational damage, legal liabilities, or loss of stakeholder trust, ultimately impacting the organization's overall performance, credibility, and sustainability
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Is Defined By
https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html
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