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Business Ethics Standard
GoodCorporation's Business Ethics Standard provides a four-page framework for the responsible management of any organisation. The management practices it sets out can be used to determine how responsibly the organisation operates.
It can be used as a guideline for establishing good practice or as an auditing framework to identify the strengths and weaknesses in practices and procedures. GoodCorporation uses the Business Ethics Standard as to assess and develop the responsible management practices needed to meet the ethical challenges businesses face.
Key principles covered by the framework
- Management commitment: the organisation is committed to establishing an ethical corporate culture that takes into account the interests of all stakeholder groups.
- Employees: employees have clear and fair working conditions and are treated with respect.
- Customers: customers are treated fairly with honest and transparent sales and marketing processes.
- Suppliers: suppliers are selected fairly, they are treated well and the organisation ensures that suppliers meet minimum good standards across all aspects of business ethics and sustainability.
- Business partners: partners are carefully selected, monitored and reviewed to ensure that good standards of practice are in place.
- Environment: the organisation takes steps to identify, measure and reduce its environmental impact, complying with laws and industry codes as required.
- Community: the organisation understands its impacts on the communities in which it operates and has effective systems in place to minimise any negative impacts.
- Shareholders (or equivalent): shareholders are regularly provided with a clear understanding of the organisation's operations and finances together with evidence of its commitment to the principles and practices of good corporate governance.
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