The phrase "ethical risk" is a correct and usable phrase in written English.
It is typically used when discussing potential risks or consequences related to ethical decision-making or actions. One example of using this phrase could be in a business context, such as: "Our company must carefully consider the ethical risks involved in our decision to outsource manufacturing to a country with lower labor standards."
Charities might also need to consider the ethical risk of investing in property.
He told the inquiry that if anybody was at fault it was the editor: "I think the ethical risk was something, and the legal risk around that was something that was very much in the hands of the editor".
Employee surveys, conversations, and focus groups can help us understand what actually happens in organizations, how seriously stated values and formal processes are taken, and which units or departments may pose the most ethical risk.
But by administering the treatment in state-run clinics, however experimentally, the Government ran a different ethical risk: giving vulnerable people the impression that it condoned an unproven treatment.
Leaders who use power for personal gain widen the gap between stated values and actual organizational practices, creating ethical risk.
Moreover, when purpose is too far-fetched and removed from where the organization's current culture is, it produces inauthenticity, triggering both disengagement and ethical risk.
The literature review about ethics audit indicated that there are several models and processes for implementing an ethics audit, which identifies ethical risks but none of these involved risk assessment.
The ethics audit helped the company find out about hidden ethical risks, which could be harmful for stakeholders.
In accordance with the aim of the article, hereby the author gives overview of the improved ethics audit models for the assessment of CSR performance, to prevent ethical risks and hypocrisy, also to provide more transparent and objective information to stakeholders.
This article bases on author's doctoral theses: Ethics audit: a management tool for assessing of corporate social responsibility and preventing ethical risks.
The problems of speculative, casino-like Western banks contrasted nicely with the emphasis that sharia-compliant finance places on an ethical, risk-sharing approach.
