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BAE’s long shadows

Financial Times: BAE’s long shadows

Published: May 6 2008 19:50 | Last updated: May 6 2008 19:50

More than window-dressing but not enough to draw a line under sustained criticism: Lord Woolf’s report on ethical business conduct at BAE Systemscontains 23 specific recommendations to bring about and underpin a serious change of culture at Europe’s largest defence contractor. Yet the Woolf committee’s authority is inevitably diminished by a remit that meant it could not address past corruption allegations, notably in Saudi Arabia.

The report has several practical ideas about how to make ethical behaviour a priority at BAE. It sets new terms for the use of advisers and seeks to end facilitation payments. It gives the board an explicit role in assessing ethical and reputational risk. It demands that BAE commission and publish an independent audit of its conduct within three years. If fully implemented, the report would make BAE a benchmark of best practice in a sector not known for openness. read more

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BAE chairman seeks end to graft claims

A report by Lord Woolf, the former lord chief justice, into the company’s business ethics on Tuesday revealed its top management had admitted failing “to pay sufficient attention” to ethical standards that could have damaged its reputation.

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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