SME business responsibility study launched
The personal values of the owner/manager are a key factor in affecting leadership and engagement with responsible business practice in small to medium enterprises (SMEs), according to a study by the St James Ethics Centre.
It is one of a number of key findings to emerge from the first stage of a national research project by the centre into responsible business practice in SMEs.
Another finding was that government and industry should engage in leadership initiatives that will guide, support and encourage responsible business practice in SMEs, and not force it upon SMEs
It also found that responsible business practice should not be thought of as an additional burden, but a core part of a SME’s daily operations.
The study was commissioned by the Federal Treasury to promote responsible business practice.
Recommended for you
A panel of advisers have argued charging fees accordingly is a top priority for the industry, but Peloton Partners has found firms are reluctant to increase them until the business pressure is “unavoidable”.
Equal weighted ETFs are gaining ground with financial advisers, according to AUSIEX, as they believe they can bring balance to client portfolios.
Financial services software and technology provider Fin365 has appointed a new executive chairman to the board to support the firm’s strategic growth plans.
The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to switch their superannuation into a poorly performing product.
