7. Ethics for our Core Activities and for our Everyday Behaviours “A true leader has the confidence to stand alone, the courage to make tough decisions, and shows the compassion to listen to the needs of others. He/ she does not set out to be a leader, but becomes one by the equality of his/ her actions and the integrity of his/ her intent”. – Douglas MacArthur CPUT has various policies that frame and support its governance structure. This Ethics Framework aims to integrate the Institution’s governance structures, policies, procedures, audit function, risk management and reporting, as they are linked to all the core activities of the University. Being guided by King IV principles of integrated reporting, CPUT will make use of the Six Capitals (financial, manufactured, human, intellectual, natural and social) that was developed and accepted by the International Integrated Reporting Council (IIRC). The advantage of making use of the IIRC’s Capitals is that it makes an institution’s use of and dependence on different resources and relationships or Capitals visible, as well as an institution’s access to and impact on them. Reporting this information is critical to: • • •
a meaningful assessment of the long-term viability of the organisation’s business model and strategy; meeting the information needs of investors and other stakeholders; and ultimately, the effective allocation of scarce resources.
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