What is it about?
Drawing on more than 35 years of financial services practice, this paper explores how practitioners can move beyond the dominance of economic value as a normalised driver, towards integrity as a way of being. Through personal reflection, it examines how aligning with personal values rather than purely economic metrics can transform professional practice and contribute to broader societal well-being
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Why is it important?
In an era where economic metrics drive most professional and organisational decisions, practitioners often find themselves caught between corporate expectations and personal values. This can create individual stress as well as contributing to broader societal challenges - from corporate scandals to environmental damage, to weakening community bonds. This research matters because it provides a practical framework for professionals to navigate these tensions through harnessing integrity as a guiding principle. Rather than accepting economic value as the only measure of success, practitioners can use this theory to make decisions that align with their personal values whilst still achieving professional objectives. The importance of this paper extends beyond individual transformation - when practitioners operate from a position of integrity as a way of being, they model responsible decision-making that can influence organisational culture and broader business practices. This creates a ripple effect towards more sustainable and socially conscious approaches to business. For the accounting and financial services sectors specifically, this paper addresses a critical need for ethical frameworks that go beyond compliance and indeed theory, to genuine value creation - for individuals, organisations, and society as a whole.
Perspectives
This paper reflects a deeply personal journey - one that began with uncomfortable questions about my own professional practice and evolved into a broader inquiry into what it means to work with integrity. After several decades in financial services, I found myself increasingly uncomfortable about the disconnect between my personal values and those often celebrated or rewarded professionally. Writing this autoethnographic piece was both challenging and liberating. It required me to confront my own complicity in systems I had begun to question, while also exploring how I might contribute to something more meaningful. The Integrity Wealth Model which emerged from my wider body of work and features in this paper is not just a theoretical framework, it is a lived practice. I also teach it to others, particularly financial practitioners seeking to align their work with their values. It seems many professionals are re-evaluating the sustainability of purely economic based models of business and increasingly people are seeking purpose, meaning and ethical alignment in their work - not just the financial outcomes. And yet, much like the investment markets, corporate attitudes toward issue such as sustainability, ESG and inclusivity seem to oscillate with the economic cycle. When times are good, these values gain prominence; in downturns, they often recede in favour of shorter-term priorities and profit first decision making. This paper proposes a framework for transformation that transcends the economic -one grounded in personal integrity rather than market sentiment. I invite readers not to see this as a criticism of their current practices, but rather as an opportunity to reflect on how their professional lives might be brought into closer alignment with their personal values. The world urgently needs practitioners willing to question accepted norms and model a different way of being in business. This is my contribution to that ongoing conversation.
Jeremy Chapman
Middlesex University
Read the Original
This page is a summary of: A theory of value – towards a more responsible way of being. The reflections of a practitioner, Journal of Applied Accounting Research, April 2025, Emerald,
DOI: 10.1108/jaar-09-2024-0344.
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