Business Ethics, Governance and Strategic Corporate Social Responsibility

Registration Deadline: 27 April 2018

Training Dates: 04 & 11 May 2018

Training Hours: 08:30 - 17:00

Location: CIIM Nicosia ( View Map )

Language of Instruction: English


Increasingly, shareholders, customers, employees, the media and other stakeholders, including the public, are placing demands on business to be ethical and socially responsible, demands that are constantly becoming more complex and more challenging. The growing number of scandals and of businesses that declare bankruptcy as a result of ethical misconduct indicates the imperativeness of making ethics an integral part of doing business.

The extent to which business decisions reflect ethical values and principles is key to the long-term success of the business. Trust built & maintained by ethical behaviour is essential in establishing an organization’s license to operate. Risk management includes managing integrity & reputation risks. Trustworthiness is a core asset of the organization and defending it is a key concern of corporate governance.

This seminar provides the insights and the means to appreciate and understand these challenges so that business leaders and senior executives can meet the ethical expectations of society more effectively, while they continue to create value and advance the long-term interest of their firms. Business ethics helps improve decision-making by providing executives with the knowledge and tools to correctly identify, diagnose, analyse and resolve the ethical dilemmas they are confronted with. The dilemmas go beyond the simple choice between right and wrong to the tough choices between right and right and between wrong and wrong.

  • How far can the rules be bent before they break?
  • Where does the strategy end and ethics begin?
  • Can you do well and do good at the same time?
  • Why do socially responsible firms seem to be doing better financially than their competitors?

These are some of the questions addressed in this session: ethics in finance, in accounting, in human resource management, in marketing, in strategy and in international business.

Key Outcomes

The objectives of the programme are to learn:

  • How to respond to society’s changing ethical values and rising expectations for more accountability.
  • How to interpret and respond to changing trends abroad that began impacting business in Cyprus.
  • How to identify, diagnose, analyse and resolve ethical dilemmas you are confronted with.
  • How to identify and resolve conflicts of interest before they damage your organization.
  • How to anticipate and anticipate emerging threats to the image and reputation of your company.
  • How to use codes of conduct to maintain employee motivation and customer loyalty.
  • How to reconcile an aggressive business strategy for value creation and growth with your corporate social responsibility.
  • How to gain competitive advantage and goodwill through the triple bottom line of sustainability.

Designed for

The course is intended for business leaders, and senior managers who have responsibility for teams including Board members, CEOs, members of senior management teams and any senior manager with significant responsibility; generally senior managers who are the decision makers within their organisations.

Topics to be covered

  • Session objectives; introduction to business ethics & CSR
  • The case for and against ethics in business
  • The business case for business ethics in the boardroom. Ethical dimensions of corporate governance: ethical decision making
  • Analysing and resolving ethical dilemmas in eight steps
  • Ethical theories in practice
  • Ten steps to ethical decision making
  • Group-work on resolving ethical dilemmas
  • Corporate Social responsibility
  • Does it pay to be ethical & socially responsible?
  • Case discussion and analysis
  • Discussion and Closing


All CIIM Executive Education programmes are developed and taught by CIIM resident and visiting faculty who are widely recognised as skilled professional trainers with local and international business experience. Through many years of business consulting and teaching experience, CIIM faculty develop innovative long-lasting practical concepts that shape the practice of your daily professional responsibilities. The result is a practical educational experience which is designed to have an immediate effect in your business environment.

Theodore Panayotou
Dr. Theodore Panayotou
Director of CIIM


Dr. Theodore Panayotou

Dr. Panayotou has been the Director of CIIM since 2000. In the past, he served for seven years as senior economist with the Rockefeller Foundation and for 23 years as Professor of Economics at Harvard University, where he established and directed the Environment and Sustainable Development Programme at the Centre for International Development.

In 2007, he was recognized for his contribution to the work of the Intergovernmental Panel on Climate Change (IPCC) of the United Nations which won the Nobel Peace Prize in 2007. In 2010, he served as advisor to the High Level Advisory Group on Climate Change Financing of the UN Secretary General.

During his career, he has served as advisor on environmental economics and management to many governments: in Brazil, Chile, China, Indonesia, India, Mexico, Thailand, Russia and the United States, as well as countries in Eastern Europe, Central America and the Mediterranean. In Cyprus, he has served as member of the President’s Council of Economic Advisors (2003-2008). He has consulted many international organisations, including the World Bank, UNDP, UNEP, UNCTAD and FAO.
Furthermore he has held various honorary positions on Advisory Committees and Boards, including the National Committee for the Establishment of the National Institutes for the Environment, by the US Congress, Washington, DC; the Board of Directors, Center for Tropical Forest Science (CTFS) at the Smithsonian Institution, Washington, DC; and the Council of China for International Co-operation on Environment and Development, to name but a few.

He has a BA in Law / Economics from the University of Athens, an MA in Development Economics from York University (Canada) and a PhD in Environmental and Resource Economics from the University of British Columbia (Canada).

Programme Fee

The programme has been approved by the HRDA (ΑνΑΔ). Organisations registered in Cyprus, who satisfy the HRDA criteria, are entitled to apply for the subsidy and therefore their emolument will be the net fee, as described below:

Gross Fee (before subsidy): €550

HRDA Subsidy: €238*

Net Fee (after subsidy): €312*

No VAT is charged due to CIIM’s non-profit status. Fees include tuition, educational materials, lunch, coffee-breaks and refreshments.


To proceed with your registration, please click the button below to apply online. Participation is subject to availability.

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