An Art, not a Science

Company directors are faced with many dilemmas, which mean making difficult or awkward decisions, often on subjective issues. A dilemma has been defined as a "choice between two (or, loosely, more) alternatives either of which is (or appears) equally unfavourable”. Shades of Grey: Directors’ Dilemmas published by ICAS builds on the work of ICAS’ Ethics Committee in Shades of Grey: Ethical Dilemmas, which dealt with ethical dilemmas facing professional accountants.