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Ethical limitations of self-regulation and guidelines for collaborative regulatory development in EU management consulting
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Resumo(s)
This research examines the ethical limitations of self-regulation in the European
Union management consulting industry and compares regulatory approaches to foster ethical
behavior. Analyzing 30 management consultancies' and industry associations' codes of conduct,
the study reveals significant gaps in current self-regulatory frameworks. The research identifies
the need for enhanced oversight mechanisms, as ethical shortfalls in the industry evidence that
current self-regulation seems insufficient in preventing ethical misconduct. The study proposes
collaborative regulation that balances ethical governance with industry innovation and develops
guidelines for collaborative regulatory development. All aim to strengthen professional
standards while maintaining competitiveness in the management consulting sector.
Descrição
Palavras-chave
Management consulting Ethical consulting Business ethics Code of conduct Code of ethics EU regulations Collaborative regulation