| Business ethics |
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| Employees take a lead from their senior managers
on ethics of the business and what is acceptable and what is not.
The Federation urges all employers to adopt a policy of ‘zero
tolerance’ of corrupt or suspect behaviour. The Federation
promotes only the highest standards of Corporate Governance in all
respects.
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Employers must ensure good corporate governance
if they are to manage their people effectively. They must establish
clear methods of control which must be understood by employees.
They must develop levels of authority and responsibility so
that staff are clear about their role and relationships to others.
They must clarify how decisions are to be made and must communicate
those decisions where relevant.
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Employers should draw up and publish a code
of conduct covering policies on corruption. This involves explaining
what it is, how it should be handled and what actions will be
taken in the event of corruption being proved. Employers should
encourage their employees to report corrupt practices if they
suspect they exist – if necessary by by-passing the chain
of command.
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Management should be open and honest to employees
about how results are obtained. They should expect and require
their employees at all levels to record all transactions accurately
in their books and records and to be honest and forthcoming
with the business’s internal and external auditors.
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In the event that corruption or dubious
practice is suspected, employers should refer the situation
to the ICAC and not attempt to deal with it internally.
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