Few organisations have a specific Human Rights policy in place or a nominated individual responsible for monitoring their human rights impact, revealed the latest GoodCorporation Business Ethics debate at the House of Lords. At the debate, only a handful of organisations admitted to conducting fact finding exercises to see what is happening on the ground…
Category Archives: Press statements
“The key problem with the Government’s welfare-to-work scheme is that it places businesses in the spotlight, facing potential allegations of exploitation. Many large companies have invested considerable amounts of time and money cleaning up their own organisations and putting systems and processes in place to ensure that they employ people fairly and properly. “They have…
Whether or not the reputation of the finance sector is damaged beyond repair depends on the steps taken to establish a robust and honest framework within which it operates. The immediate focus of the financial crisis has quite rightly been on saving the financial system overall, focusing on the wholesale market and inter-bank lending. However…
Government guidance on the Bribery Act (published today) brings a period of uncertainty for British business to a close. Michael Littlechild, director of anti-corruption advisors GoodCorporation, welcomes the clarity the guidance brings to hospitality and facilitation payments, but questions a number of major omissions and out-dated exemptions. “Much of the guidance is clear, straight forward…
British embassies are failing to give enough support to help businesses stamp out demands for bribes and facilitation payments abroad. At a recent debate on ethical dilemmas in the construction industry, held by GoodCorporation at the House of Lords, a number of leading players reported that British Embassies repeatedly failed to take action when demands…
To help businesses test the efficacy of their Anti-Corruption procedures, GoodCorporation has developed an Anti Bribery and Corruption framework. GoodCorporation’s Bribery and Corruption Framework has been designed in the same way as its Standard for corporate responsibility. It has a list of 60 good management practices that companies should follow to protect themselves against the…
Shareholders need to take a more proactive position on business ethics and demand a more detailed briefing on the steps being taken to prevent reputational damage, say responsible business advisors GoodCorporation. Monday’s report by the Chartered Institute of Internal Auditors revealed that only 8 per cent of FTSE 100 firms show a metric of ethical…
Leo Martin, director of leading business ethics advisors GoodCorporation comments on the News of the World hacking scandal: “The conduct of the News of the World (NOTW) has clearly crossed the line this week and revealed that the presence of rules is not enough to ensure ethical business behaviour. “This is a problem for business…
Speculation that Britain’s new Bribery laws threaten the future of corporate hospitality is largely misplaced, says GoodCorporation, a leading adviser in business ethics. Entertaining clients can legitimately remain part of business life, but companies need to ensure that hospitality is proportionate and clearly designed to build on business relationships rather than influence decisions. “In our…
Failure to establish strong and effective due diligence processes is the area where businesses are most likely to fail when the new Bribery Act comes into force this Friday (July 1st 2011) – see table below. The management of agents to make sure they don’t pay bribes on behalf of companies is also a significant…
