Common Industry Standards for the European Aerospace and Defence Industries (ASD)
Year of creation: 2008
Developed by: Aerospace and Defence Industries Associations of Europe (ASD)
Description: The ASD Common Industry Standards is a voluntary code adopted by member companies to 32 National Trade Associations in 21 European countries. The core objective of the standards is to create a marketplace free of corruption, allowing all participants in the international markets to compete on equal and fair bases. The standards cover issues which include compliance with laws and regulations, gifts and hospitality, political donations and contributions, and dealing with agents, consultants and intermediaries. The standards involve commitments to avoid all forms of direct and indirect corruption, encourage agents, consultants and business partners to comply with integrity standards, put in place integrity programmes with a view to implementing the standards, and to apply sanctions for demonstrated cases of non-compliance. For additional information see the Business Fighting Corruption Case Summary of the ASD Common Industry Standard.
Key elements:
United States Defence Industry Initiative on Business Ethics and Conduct
Year of creation: 1986
Developed by: US Defence Industry Initiative (DII)
Description: DII is a consortium of US defence industry contractors which subscribes to a set of principles for achieving higher standards of business ethics and conduct. Thus, a number of US defence industry companies have signed the DII Principles of Business Ethics and Conduct, acknowledging and expressing their federal procurement-related corporate responsibilities to the US Department of Defence, as well as to the public, the US Government and to each other. In addition to adopting and adhering to this set of principles of business ethics and conduct, signatories seek to assume a leading role in making the principles a standard for the entire defence industry, and a model for other industries.
Key elements:
Written codes of business ethics and conduct
Employees' ethical responsibilities
Corporate responsibility to employees
Corporate responsibility to the government and to the defense industry
Public accountability
