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GLOBAL PRINCIPLES affirm our industry's commitment to ethical business behavior and a uniform set of standards. The Global Principles address business conduct as it relates to zero tolerance of corruption, use of advisors, management of conflicts of interest and respect for proprietary information. Companies that formally adhere to the principles commit to including programs and policies that foster ethical business conduct consistent with the Global Principles in their corporate business practices.
IFBEC
is the international organisation of the global aerospace and defense industry that maintains the Global Principles of Business Ethics for the Aerospace and Defense Industry (GP).
The purpose of IFBEC is to
Promote and foster through the Global Principles the development of global, industry-wide ethical standards for the companies that are active in the aerospace and defense business sector.
Organize opportunities for industry and relevant stakeholders to exchange information and best practices concerning ethical business challenges, practices and opportunities worldwide.
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