[originalhypa]

Originally Posted by westopher

Lol business in North America is done in the most unethical manor in the world. Other countries are just joining the party.

Let me say that I would like to think that it's better in North America, where we actually teach ethics to business students.

In my industry we deal with Cable and Telephone companies where there is a strong focus on ethical business. Look at Telus' corporate statement on corruption.

Bribery and corruption is one of the primary obstacles to economic development. It undermines the rule of law, weakens trust in public institutions and challenges democratic principles. Bribery and corruption can exist in any society, rich or poor, creating a need for continued vigilance by regulators, law enforcement agencies and industry leaders.

Risks from bribery and other forms of corruption are a concern for companies both in Canada and abroad. Companies may be confronted with demands for bribes, challenged by competitors acting corruptly or faced with employees violating their codes of conduct. TELUS mitigates these risks by implementing and enforcing a robust Anti-Bribery and Corruption Compliance Program that is supported by clear policies, processes and controls.

Since 2012, we have addressed anti-bribery and corruption risks through a risk-based framework that includes:

Senior management involvement and support: senior leaders across TELUS were identified as responsible and accountable for making sure the Anti-Bribery and Corruption Compliance Program is effectively implemented and consistently monitored. Senior executives set the tone to create a culture where bribery is unacceptable.

Corporate compliance policies and procedures: a specific Anti-Bribery and Corruption Policy was rolled out to the TELUS team after being approved by the TELUS Board of Directors. The policy provides further clarity and guidance for employees and third parties engaged by TELUS, and supplements other guidance in the TELUS Code of Ethics and Conduct, the Supplier Code of Conduct, and our Code of Conduct for Business Sales Activities.

Training and education: our annual Integrity training highlights our zero-tolerance approach to bribery and corruption. Further training continues to be provided through our Business Sales Code of Conduct and Anti-Bribery and Corruption programs.

Incentives and consistent disciplinary procedures: annual performance objectives were created for employees responsible for implementing and monitoring the compliance program. Failure to act in accordance with the Anti-Bribery and Corruption Policy may subject employees to disciplinary action, which may include dismissal.

I have seen many situations where we as suppliers knew one of our competitors was using personal gain as an incentive to do business. In all of those situations, it wasn't long before someone figured it out, and people lost their jobs.

So yes, unethical practices still exist. But not even close to the extent that bribery and scandals happen in Asia and South America.

Originally Posted by 4444

i know it may seem cool to be anti corporate, saying all companies are corrupt, just consider this for western companies:

A company has to act within guidelines, financial, regulatory, sector specific, etc. A company will have rules that must be complied with, and if not complied with, will be found out and those breaking the rules will be held accountable (having said that, white collar crime isn't heavily enough hit). Sarbanes Oxley rules are just one to prevent issues stemming from the Enron/Worldcom accounting cluster fuck.

There have been issues, of course, but we learn from them and move on.

werd.


However I would like to see bankers and fraudsters actually get jail time for what they've done. People manipulating the markets, banks profiting off drugs or arms. Then there are situations like the Mike Duffy trial make me wonder if justice is really blind, or just inconsistent.