| Subscribers
There are now 74
corporate and associate subscribers to the Institute and 81 individual
subscribers. (June 2002 69: 50)
The corporate subscribers represent the following
sectors Financial 28%
Services 15%
Industrials
8%
Consultancies 12%
Construction 4%
Utilities 10%
Pharmaceuticals
5%
Retail 14%
Associates 4%
Activities
Activities
A Corporate Subscriber Events
i. The
Business Ethics Net (BEN)
i. The Business Ethics Net (BEN)
for Corporate
Subscribers with employee issues
Two meetings were held. In January, Andy Corrigan,
Shell UK External Relations led a discussion on Social Reporting - Issues and
verification. In April Peter Cowap, Corporate Affairs Manager at Diageo spoke
about Issues surrounding a whistleblowing programme ii. Round Tables
In
March, Jeff Gordon, partner of Mayer, Brown, Rowe & Maw spoke on the subject
of the Sarbanes Oxley Act- the real issues. In June, Janet Gaymer, Senior Partner
of Simmons & Simmons lead the discussion on Law & Business Ethics: an
uneasy partnership? B Subscriber/Open events
There have
been 4 such events over the last six months: Reputation Knocks Tim
Sharpe, Balfour Beatty
Rating non-financial issues Professor Chris Cowton;
Nick Bradley, Standard & Poors; Jonathan Barber, SERM
Ethical Considerations
in Executive Pay Alastair Ross Goobey
Socially Responsible Investment
and Corporate Responsibility: two sides of the same coin? Russell Sparkes,
Central Finance Board, Methodist Church Ethics in the Workplace
In
February, John Monks, General Secretary of the Trades Union Congress spoke on
Ethics & Work. Then in May, Scott Dobbie, Chairman of the Securities
Institute led a discussion on Culture in the City: is my word still my bond?
D Publications
In April, Does
Business Ethics Pay? was launched at the Institute with an address
given by Sir Paul Judge. The report provides evidence to company Chairmen
and Chief Executive Officers as well as the general public, that conducting business
with integrity and fairness are not only morally right, but is also worthwhile.
There was wide media coverage. In October, Codes of Business Ethics:
A guide to best practice will be published.
This report will set out the
rationale for a code of ethics and provide detailed guidance on how to work with
stakeholders to develop and implement a code. It also sets out to make it effective.
It will contain a comprehensive list of issues commonly covered in company codes
and set out the contents of an Illustrative Code that companies can adapt to their
own needs. The book updates Codes of Business Ethics published by the IBE
in 1993. E Research
The Institute
has a number of potential research projects (see our website www.ibe.org.uk/projects.html.
Two we plan for publication in 2004 are:
1. Ethical Due
Diligence
The IBE, working with several partners, will generate a Guide For
Effective Ethical Due Diligence. It will help internal and external auditors with
both routine cultural monitoring and successful mergers and acquisitions.
2.
Board Engagement and Building Trust
This project will look at business ethics
from the Board's perspective with a practical 'how to' element. It will address
the public perception that Non-Executive Directors, have a role as watchdog in
the company.
E Training
Two one-day Introduction to Business Ethics courses have run in the last six months.
The next session will be on 23 October 2003. The content, and its format in using
'cameos' to tease out ethical issues is used as the basis for our in-house training
programmes. These can also be tailored for our corporate subscribers. A number
of such programmes are in hand and ongoing. F Advisory Work
The
Institute continues to advise companies on their ethical issues and has undertaken
a broad range of activities over the last six months: in-house training; assisting
with code development; 'hosting' stakeholder dialogues; advice to professional
bodies on ethical training; advising a trade association on ethical codes. In
addition we have been called upon by members of the media to comment on current
issues and nine articles have been written for various journals.
G
Future Events
Please see the timetable
of dates for the remainder of 2003 . If in reading this news update, any
ideas for research or event topics should come to mind, or you have any questions,
or comments regarding the work of the IBE, do please contact me on 020 7798 6042
or by email: pfb@ibe.org.uk
We thank you for your continuing support
Philippa
Foster Back
Director
June 2003
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