No code of ethical standards at BAE Systems
by Emma
Lord Woolf’s report published yesterday which reviewed BAE’s current policies and practices found that there were no ethical standards embedded in the company. BAE is now to appoint an ethics monitor to oversee a new code of conduct at the company.
The report stated that “critically, both the chairman and the chief executive, in discussions with us, acknowledged that the company did not in the past pay sufficient attention to ethical standards and avoid activities that had the potential to give rise to reputational damage”.
It seems pretty shocking that such a huge company has had no code of ethical standards in place up to now and one wonders whether they would be taking the action they are taking had it not been for the recommendation of this report so to do.
For a summary of the report see here.
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