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Ethical Business - a report on a survey on corporate codes of conduct


by Simon Webley & Martin Le Jeune

Executive Summary

Every three years the IBE surveys larger companies known to have codes of ethics/conduct/business principles about the use they make of them and their views about current business ethics issues. The principal findings of the 2001 survey are as follows:

In 2001 (compared to 1998) more larger companies

  • Provide a code of ethics for their employees
  • Provide procedures for asking questions in a confidential manner
  • Include conforming with the code in employment contracts
  • Show interest in ethical/social audits
  • Use their codes to 'give staff guidance' rather than for 'enhancing reputation'.
  • Use the intranet to deliver ethics awareness and training


But fewer

  • Are training staff in business ethics
  • Are reporting on ethics in Annual Reports
  • Have a process for revision of their code

Companies say they are most concerned about

  • Supply chain issues/sourcing
  • Bribery and corruption
  • Remuneration of senior staff or board
  • Work/life balance issues
  • Product safety

Also included are: the experiences of BP and CDC with their ethics programmes; an illustration of the way the intranet is being used for corporate training in business ethics, and how ethical audits can be used.

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February 2002

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