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The Role of Business in Fostering Transparency

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discuss in workshops principles and practice ... create professional ethics commissions within each of the professional ... Recommendations for Mass Media (1) ... – PowerPoint PPT presentation

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Title: The Role of Business in Fostering Transparency


1
The Role of Business in Fostering Transparency
  • HIGHLIGHTS FROM THE
  • RECOMMENDATIONS ON INTRODUCING BUSINESS ETHICS IN
    RUSSIA

2
Business Associations (1)
  • discuss in workshops principles and practice of
    Russian Business Culture
  • regularly conduct training workshops for business
    executives
  • create professional ethics commissions within
    each of the professional associations and discuss
    ethics at CEO level
  • publicise on a regular basis best business
    practices

3
Business Associations (2)
  • organise award contests
  • share black-lists of unreliable partners
  • publish manuals and guidelines help employees
    adopt key values
  • initiate and support the creation of corporate
    codes of conduct

4
Recommendations for the State (1)
  • create a simple framework of laws and regulations
    (taxation and business registration being
    priorities)
  • strengthen enforcement against organised crime to
    encourage honest business practices
  • minimise personal contacts between officials and
    entrepreneurs
  • use awareness raising seminars to change civil
    servant attitudes about business.

5
Recommendations for the State (2)
  • draft and enforce legislation against
    infringements upon the economic rights of
    entrepreneurs
  • guarantee private property ownership
  • promote business participation in legislative
    assemblies and in executive decision making

6
Recommendations for the State (3)
  • enhance the efficiency of arbitration and law
    enforcement systems
  • loans for honesty, state prizes, and public
    support in national tenders and international
    projects for honest businesses.

7
Recommendations for Mass Media (1)
  • work with business associations to devise a
    general and co-ordinated media action program
  • devise sub-programs aimed at key social groups
  • raise awareness about business obstacles
  • establish a magazine (to be both printed and
    televised) dedicated to business ethics.

8
Business Education Institutions
  • integrate business ethics into business education
    programs at all levels
  • devise continuing education on business ethics
  • organise regional courses on business culture and
    ethics in Russia
  • arrange a programme of regular international
    exchanges.

9
HIGHLIGHTS FROM THERECOMMENDATIONS ON
INTRODUCING BUSINESS ETHICS IN RUSSIA
  • Enforcement is best achieved through a system of
    rewards for honest business. Obviously, the best
    reward for an entrepreneur is his or her
    reputation as a reliable, decent, and competent
    partner. Public encouragement also has a role to
    play as this enhances business prestige.
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