primbondh/ February 16, 2022/ business ethics

Employees are also provided with refresher courses to ensure their knowledge is kept up to date. In addition, our values are formally part of our performance management system and end of year appraisal. We know this is critical for our success because it builds trust and transparency between QinetiQ and our key stakeholders. We encourage everyone involved with Petrofac, to Speak Up if they have concerns about unethical behaviour or activity.

We have policies in place to ensure the quality of investigations, which are reviewed at least annually. The confidential reporting system is available to all employees of QinetiQ Group and externally to stakeholders and third parties , either via the website or phone number. Cases are managed via an externally run confidential reporting system, and there is an option to remain anonymous when reporting. A response is sent to the reporter in all instances, and the system will allow access to view responses even if the report is made anonymously.

business ethics

Within the Code we provide guidance to ensure employees are aware of, and understand, their ethical and legal responsibilities, and cover issues relating to employees, customers, shareholders and the community. Employees are given support on a range of topics such as diversity; safety; managing information; anti-bribery and corruption; and the environment. To ensure good business ethics and social responsibility, many companies establish an ethics management program that aligns with their mission, vision, and values. A corporate ethics program is designed to teach employees the values and policies which set the behavioural standard for those who work and in and around the company. It shows that companies are putting greater attention on adopting ethics programs, adding them into a broader environmental, social, and governance framework.

Our Compliance And Ethics Programme

Add in the disruptions brought by COVID-19, and for many charities, this is a time not just of difficulty but of survival itself. Those running businesses are aware of this and are constantly trying to strike a balance between simply extracting cash and doing other things which ensure that the business can continue to function into the future. Some courses will require additional payments for field trips and extra resources.

Businesses have to engage with societies with different structures, norms and cultures in a way that they may not have done previously. The speed of information transfer means that problems may be geographically far away but news spreads fast. If you need to improve your English language score you can take a pre-sessional English course prior to entry onto your degree. Representing an oil consultant on her US$11 million arbitration claim under the LCIA rules for breach of contract for unpaid bonuses against a UK-based international oil company in relation to hydrocarbon exploration in West Africa. We represent individuals and businesses in all types of commercial litigation, mediation and arbitration.

  • We know this is critical for our success because it builds trust and transparency between QinetiQ and our key stakeholders.
  • With effect from 1 August 2021, new EU students will pay international tuition fees.
  • Members of our team benefit from broad practices and work closely with our employment, professional regulation and property teams.
  • Business ethics are beneficial for the company by attracting customers, investors and employees).
  • In a changing and uncertain world, we believe that a critical philosophical grounding, together with business-oriented and personal skills, will equip you for future success.

This independent function reports to the Board’s Audit Committee through the Finance function. It is actively testing our policies, tracks mitigation and remediation, and organises cross-departmental calls to ensure timely reporting of any potential issues. Join us for this BEN meeting where Antonia Simpson and Anne-Violaine Monnie-Agazzi will share experiences from their own companies and lead a discussion on best practices we might all seek to adopt. Our corporate governance initiatives strive to ensure the highest levels of independence, disclosure and transparency. Tutorials will use planned exercises, debates & case‑studies to deepen understanding of the main ethical concepts & their application. As the world globalises and resources deplete, these issues have become more complex.

Our People

For large companies, they may establish specific codes of ethics for individual departments and have one general code of ethics that everyone must abide by. We are a diverse team who recognise that through regulation and litigation, corporate power can be challenged or used to further social and environmental objectives and to promote human rights. We conduct our business in accordance with all applicable laws and regulations and in an ethically responsible manner. It sets out the key principles that we are all committed to upholding and which line management are responsible for communicating and implementing.

We have a clearSpeak Up Policy, which offers various channels for raising concerns, including an externally administered and monitored confidential reporting line, Safecall, which is extensively promoted within Subsea 7 Group. All personnel are encouraged to utilise one of these reporting channels if they become aware of a possible breach of our Code of Conduct or have other concerns in respect of unethical conduct. The disruptions caused by COVID-19 have heightened the risk of unethical behavior in different sectors, including in healthcare, where trust is our lifeblood. We’ve seen an outbreak of misinformation during the pandemic, ranging from fake cures, false claims, and harmful health advice. We’ve seen bad-acting opportunists take advantage to trade illegitimate or non-compliant products.

The types of real-world problems studied include business decisions’ effect on climate change, on depletion of natural resources, on employee welfare, and on the welfare of local and wider communities. This involves balancing the interests of shareholders against those of other stakeholders and balancing short term against long term interests. The module critically evaluates corporate social responsibility strategies and concepts of the firm as an organisation of stakeholders. The importance of transparency, the role of whistleblowers, and the nature of bribery are also discussed. The concepts of ethical behavior and corporate social responsibility have come to the fore in recent years in both developed and developing countries as a result of growing sense of corporate wrongdoing. The idea that business enterprises have some responsibilities to society beyond that of making profits for shareholders has been around for centuries.

Plus, it means they can be comfortable knowing they’re not indirectly contributing to unethical practices. Whatever the industry, an ethical way of doing business can be that company’s USP . Customers feel better about parting with their money if they know the goods will have been produced ethically and responsibly. Oversight of our anti-bribery and corruption programme is provided by our Chief Ethics Officer who provides quarterly briefs of the programme status to the Chief Executive Officer and the Risk & CSR Committee. We also provide more in-depth anti-bribery training for those in higher risk roles,.

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