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Corporate codes of business ethics:

Source: www.eiris.org
Topic: Business Ethics

Sort Desciption: practice in relation to business ethics. codes and management systems. ... of companies business ethics codes. and related management systems. For ...

Content Inside: Research briefing September 2005 EIRIS 1 Corporate codes of business ethics: an international survey of bribery and ethical standards in companies Executive summary Ethical standards in major corporations are coming under increasing scrutiny and financial institutions have been challenged about conflicts of interest and their investment advice. Big pharmaceutical companies are being criticised for focussing on lifestyle drugs and neglecting major diseases in developing countries. However a number of initiatives and regulations are being developed which place particular emphasis on combating bribery and corruption. EIRIS conducts ongoing research into the social environmental and governance practices of 2800 major companies in 23 countries. This research includes an assessment of the quality of each companys business ethics code (or policy) and the extent to which business ethics management systems which are in place. For the purpose of this study EIRIS defines business ethics as how a company conducts its business and the behaviour of its employees. On both policy and systems each company is assigned one of five assessment levels advanced intermediate basic limited and nothing in situations where there is no evidence of any business ethics code (or system) whatsoever. This study focuses on a sub-set of the companies regularly analysed by EIRIS namely the 1966 companies on the FTSE All- World Developed index (essentially the largest listed global companies) and an Inside Executive summary 1 Introduction 2 Key findings 4 Companies most at risk 6 Initiatives to combat bribery 8 Best practice examples 9 Conclusions 10 Appendix 11 Corporate codes of business ethics: an international survey of bribery and ethical standards in companies September 2005 EIRIS 2 additional 441 smaller UK companies (to enable an assessment of the FTSE All Share index). Key findings include: In two of the most exposed sectors oil and gas and aerospace and defence just under 24% a ...

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