Document Type

Report

Rights

This item is available under a Creative Commons License for non-commercial use only

Disciplines

Business and Management., Education, general, including:, Ethics

Publication Details

Report prepared for Round table Meeting, Dublin Institute of Technology, June 2015.

Abstract

Recent corporate scandals have resulted in criticism of business schools for graduating students who put too much emphasis on shareholder value and profit maximisation but neglect the broader social and environmental context in which businesses operate. The Principles for Responsible Management (PRME) are a set of voluntary standards developed in 2007 under the coordination of the UN Global Compact, to address weaknesses in ethical education. This paper reviews the context of the PRME principles and UK and Irish school signatories’ approaches to implementation through a review of their reports to PRME to outline the range of options available to a business school considering implementing the principles across all aspects of the education portfolio. The paper concludes with an implementation strategy for a business school considering PRME membership.