Codes of Conduct
Peter F Smith comments: “This article highlights that there is an increasing demand for a global culture of personal and corporate responsibility. However, many organisations realise that the move towards increased transparency and auditability need not be the huge upheaval that many “specialist advisors” would have them believe.
We have found that what is often lacking within these organisations is simply the development of a clear integrated framework( using current management systems) for financial, environmental, and social issues coupled with clear articulation of process improvement across the company. That was why we developed The Evaluator for it addresses the issues of placing in a 21st century frameworka company’s current processes and through focused action plans and reporting procedures helps drive the company forward. Please read on…
Geneva, 14 September 2004 - As corporate responsibility is under scrutiny, many companies are establishing new or revisiting old codes of conduct to respond to the growing call for transparency, according to findings from the WBCSD's Accountability and Reporting project.
Cracking codes
"The last ten years have seen a tremendous rise in stakeholder demand for corporate responsibility," says Margaret Flaherty, director of the Accountability and Reporting project. "New rounds of global activism are pressuring companies to act with greater engagement toward environmental, social and ethical causes. Companies are looking for tools that provide guidance for improved accountability, enhanced conduct and better performance-codes, guidelines and frameworks are an important but insufficient step along the way."
Codes of conduct are but one way for companies to address a wide range of social and political issues. Covering matters of transparency, measurement and disclosure, they can reduce corporate risk, maintain stakeholder confidence
and keep activists at bay. But what does it take to successfully...