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Chapter 2



                           Business ethics for SME’s: A guide for


                           CIMA partners


               Benefits of making ethical values explicit:


                    increased employee loyalty

                    lower staff turnover

                    reputational benefits

                    attraction of ‘high-quality’ staff

                    more open and innovative culture


                    generation of goodwill

                    decreased cost of borrowing and insurance

                    supports employees to act ethically and raise concerns.















































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