CHAPTER 10

INITIATIVE TO IMPROVE BUSINESS ETHICS

AND REDUCE CORRUPTION

Sepe, Shannah Marie

Mata, Carla Jean Mie P.
 OBJECTIVES

1. Explain why there is a need to improve business ethics

2. Describe the "Integrity Initiative Campaign".
3. Explain why code of Conduct is necessary.
4. Familiarize yourself with the Unified code for business as Initiative by the
"Integrity Initiative" organization.
5. Familiarize yourself with the"Code of Conduct for business " initiated as
endorsed by the bishops businessmen conference of the Philippines.
6. Familiarize yourself with the Code of Conduct adopted by the private
companies.
 Improvement of business ethics is a
common concern of everybody. It is
imperative that all parties involved
manufacturers, sellers,
01 consumers,
government and relevant organization
must participate in improving
business ethics.
 AIMS OF THE INITIATIVE
Help in diminishing, if not fully eradicating, the vicious cycle of
corruption in ph.
•which exacerbated
•Poverty Obstructed the development of
a competitive business environment.

THE INTEGRITY INITIATIVE IS A MULTI-SECTORAL

Seeks to institutionalize integrity standards among

various sectors of society business, government, judiciary,
academes youth, civil society, church and media.

01
Build trust in
government, more
equitable society and •Improved competitiveness
fair market conditions. and increased business
confidence.
•Employed in a vibrant and
dynamic Philippine economy.
•The Philippines will become
a benchmark.
AN INTEGRITY COMPLIANCE BOOK
Contains key documents and
toolkits in integrity initiative to promote ethical
business practices.

2010, MBC ECCP have been joined by

various organizations and industry associations
in taking an active role in promoting honesty
and transparency in Philippine business.
 CORPORATE
VALUES
Managing Protection and enhancing reputation has become
one of the greatest challenges facing today's board. The
reputation of a business is a critical factor in the values and
ethics of the organization need to be explicitly managed.
A code of conduct is a formal expression of the organization's values and ethics.
A code of conduct should:

• Guide directors • Promote

and senior responsibility ans
• Ensure
executives, as a accountability of
compliance with
minimum, as to the individuals for
legal and other
practices necessary reporting and
obligation to
to maintain investigating
legitmate
reports of
confidence in the stakeholders.
unethical
organization's
practices.
integrity.
One of the most significant accomplishments of
the integrity initiative is the preparation of the
"unified code of conduct for business". The codes
purpose are:
●First, it harmonizes existing
ethical standards among the
business operating in the philippines
●Second, the code formally communicates
the signatories commitment to upholding
high standards of ethics in all business
transaction
 THE UNIFIED CODE OF CONDUCT FOR BUSINESS
(INTEGRITY INITIATIVE)
Top Management
Our officers strongly communicate our organization's position against
bribery, corruption, and unethical business practices within the company and
the broader public; comply with all the requirements of government
regulatory bodies; and prohibit cover-ups and falsified reports that conceal
improper transactions.
Our top management leads by example by consistently demonstrating the
value of conducting business with integrity.
Management strongly support integrity practices and allocates sufficient
resources for their implementation.
 THE UNIFIED CODE OF CONDUCT FOR BUSINESS
(INTEGRITY INITIATIVE)
Human Resources
We strive to instill culture of integrity among our employees.
In the spirit of fairness and due process, all employees have the right to file and
respond to complaints against practices suspected to be illegal or unethical.
We have appropriate tools to confidentially receive, monitor, and act on internal
and external complaints .
Employees filing complaints will be protected from all types of retaliation, while
those involved in unethical practices will be subject to commensurate disciplinary
actions .
we have instituted training programs on business ethics covering all levels of the
organization.
 THE UNIFIED CODE OF CONDUCT FOR BUSINESS
(INTEGRITY INITIATIVE)
Sales Marketing
We clearly communicate rules and guidelines on giving gifts, entertainment,
tokens of hospitality, and contribution to/from public and private
organizations and their representative.
Employees and all third parties engaged by our company to act as our
intermediaries, agents, or representative are not permitted to offer,
promise, or give, as well as demand or accept concessions.

We abide by existing laws when transacting with government agencies (as

stipulated under RA 6713 and RA 3019
 THE UNIFIED CODE OF CONDUCT FOR BUSINESS
(INTEGRITY INITIATIVE)
finance and Marketing

We require all our employees to ensure that all books and records they
create or are responsible for are complete and accurate
We pay taxes in compliance with all laws.

Our financial records conform to standard accounting principles, comply with

SEC requirement on disclosure and transparency, and abide by anti-money
laundering laws and international convention.
 CODE OF ETHICS FOR THE PHILIPPINES BUSINESS

Preamble

The code seeks to express systematically and coherently the

principles of business practices accpeted and professed by the
philippine business as its best.
It is hope that this code will serve as a general stimulus to
renew and develop or amend existing standards.
Its is intended to be influential rather than coercive.
Finally, this code is for all people.

01
 CODE OF ETHICS FOR THE PHILIPPINES BUSINESS
Those engaged in business should recognize the following basic
concepts:
All business is essentially an expression of human relationships.
The owners, management, the work force, the suppliers and
subcontractors, the customers, and government contribute to the
performance of business enterprise, are entitled to receive the proper
worth of their contributions.
The resources employed by a business are financial, technological and
human.
Business enterprise has a public responsibility to use all its resources
effeciently.
Competition and incentives are essential for the maintenance and
continuing improvement of the quality of goods and services for growth
and technological progress.
In business as in any other institution of society, is justified by
corresponding duties, responsibilities and performance.

01
SOME PRINCIPLES FOR THE
CONDUCT OF BUSINESS:

Those responsible for business

policy should consider not
only the interest of the owners
of the business, but also the
interest of those affected by
the activities of the business
TOWARDS THE
EMPLOYEES
Business shall recognize the unique position of employees
as individuals with a vital stake in their work and the
same with inherent obligations to their own families, and
For recognition provide:
For a fair recruitment practice
For job security
For a safe and healthy atmosphere in the work
For conditions
For participative elements
TOWARDS THE
CUSTOMERS
Business shall, in production of goods and services:
Strive after the quality
Avoid anything that would be determined to the health, safety, or growth
Seek to apply or make use of discoveris and inventions of science

In this marketing arrangement, business shall:

Driver the product or service in the quality, quantity and time agreed upon
Establish an after-sales and complaints service commensurate
Ensure that all mass media, promotional, and packaging communication be
informative and true
TOWARDS THE
SUPPLIERS
Business shall ensure:

That terms of all contracts be clearly stated andunambigious, and

honored in full unless terminated or modified by mutual consent;
That abuse of economic power in dealing with smaller concern be
avoided, and that, in all cases, terms of payment be strictly and fully
observed.
That no supplier be encouraged to commit his resources for
apparently long-term purposes unless there arr reasonable
guarantees that the orders, he receive from the business enterprise
will not be terminated arbitrary.
TOWARDS THE OWNERS AND
OTHER PROVIDERS OF CAPITAL
In the interest of the Owners and other Providers of
capital, business shall
Provide an adequte rate of return to those contributing capital to the
enterprise and ensure the security of their investment
Use their financial resources to provide goods and services responsibly and
efficiently;
furnish the owners and other providers of capital with such information as
they may resonably require, provided that it does not adversely affect the
security or effeciency of the business; and
pursue the specific objectives of the owners and other provision of capital
provided these do not run contrary to any of the principles stated herein.
TOWARDS THE LOCAL AND
NATIONAL GOVERNMENT
Although it is the responsibility of government to
enact legislation and formulate implementing
policies and programs, it is the duty of business:
To participate in the discussion of proposed legislation and or its
implentation affecting sectoral, regional, national, and international
interests; and
To propose sound policies in the use of human and material resources
TOWARDS SOCIETY IN GENERAL
Businessmen shall recognize in their decision
making the interest of the general public and,
realizing that they are utilizing to an important
degree the nation's resource, shall:
Take regular stock of their response to the basic needs of society
Do their best to ensure that the way they resources benefits society in
general
Pay proper regard to the environmental and social consequences of their
business activity
As corporation citizen make such contribution
consider the human and social costs of mechanization and technology
TOWARDS SOCIETY IN GENERAL
Businessmen shall recognize in their decision
making the interest of the general public and,
realizing that they are utilizing to an important
degree the nation's resource, shall:
Establish a policy allowing employees, within reasonable limits, contribute to
the public and community services during the work time
Establish a policy regarding conflicts of interest based on the principle that
decision should be made in the best interest of the business enterprise , and
decision makers should be on their guard against allowing personal
consideration to distort their judgement; and
Not tolerate any form of illegal data gathering or may form of inducement
that tends to distort normal commercial judgement
 CHAPTER 10
INITIATIVE TO IMPROVE BUSINESS ETHICS
AND REDUCE CORRUPTION

THAT IS ALL THANK

YOU!
Sepe, Shannah Marie
Mata, Carla Jean Mie P.