Ethical Business Practice and Regulation

This book explains the concepts of Ethical Business Practice (EBP) and Ethical Business Regulation (EBR), a new approach that goes beyond compliance and enforcement. It provides the basis for a continuously effective relationship between a business and its regulators, based on evidence of consistent ethical behaviour involving the business and all its stakeholders.

EBR is attracting extensive attention from regulators and businesses around the world. The UK Government's 2017 Regulatory Futures Review draws on EBR as the foundation for its policy of 'regulatory self-assurance'. EBR draws on findings from behavioural science, responsive regulation, safety and business, and integrity management to create a holistic approach.

Examples of EBR include: the open culture that is essential for civil aviation safety, the Primary Authority agreements between regulators and national businesses, and feedback mechanisms provided by market vigilance systems and sectoral consumer ombudsmen. This book will be an essential blueprint for effective future regulation