AIA and global partners announce global ethics initiative
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Manufacturing News, Source : The Manufacturer US
Published : 20 Jul 2006 16:29
The Aerospace Industries Association (AIA) of America and four international partners in the International Coordinating Council of Aerospace Industries Associations – Brazil, Canada, Europe, and Japan – have announced plans to establish a new initiative of regular consultations on aerospace business ethics at a meeting at the Farnborough International Airshow.
Representatives of aerospace industry groups from those nations and Europe agreed to an ongoing business roundtable forum to establish and coordinate efforts to promote international ethics principles, standards, and practices. The AIA of America proposed the idea at the Paris Air Show in 2005, citing the benefits of participation in the Defense Industry Initiative on Business Ethics and Conduct, a successful U.S. business ethics program.
These efforts are expected to lead to an international ethics code of conduct that will set standards of global ethical behavior, AIA of America President and CEO John Douglass said at Farnborough.
Douglass added that the move will head off ethics problems before they start, create a level competitive playing field worldwide and establish a positive climate for the workforce.
“Good business ethics is good business for our companies and their customers," Douglass said. "As our industry becomes increasingly global, it makes sense for international partners and competitors to share best practices on this issue.”
Wednesday’s agreement came after two important developments last week. The AeroSpace and Defense Industries Association of Europe announced the formation of an Ethics and Anti-Corruption Working Group and endorsed the AIA proposal for consultations. In addition the Society of British Aerospace Companies and the Defense Manufacturers Association in the United Kingdom issued a joint statement on their organizations’ commitment to promote best practices against corruption.
The other partners in the new Roundtable are the Society of Japanese Aerospace Companies, Aerospace Industries Association of Canada, the Aerospace Industries Association of Brazil, and the AeroSpace and Defence Industries Association of Europe.
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