Unethical decision-making and behaviour in the life insurance sector of South Africa

• Main Author: Van Greunen, Conrad
• Format: Others
• Language: English
• Published: Nelson Mandela Metropolitan University 2010
• Subjects: Insurance companies > Corrupt pratices > South Africa; Business ethics > South Africa
• Online Access: http://hdl.handle.net/10948/1364

The public is regularly shocked by revelations of new business scandals. Nearly every sector of society is tainted by incidents of unethical behaviour. In this regard, the South African financial services industry has attracted a lot of attention, as some of the biggest scandals in recent years have occurred in this industry. With the world economy still experiencing the effects of the global recession, the last thing that institutions in the financial arena must do is engage in unethical behaviour. Immoral behaviour could damage a company's repution and lead to further financial losses. The purpose of this study was thus two-fold: firstly, to investigae the factors that influence unethical decision-making and behaviour in the local life insurance sector, and secondly to evaluate how business ethics are institutionalised at a sample of life insurance companies.