Washington, DC; Brussels, Belgium, 10th November 2014 – The International Forum on Business Ethical Conduct (IFBEC) held its 5th Annual Conference on 6-7 November at the EUROCONTROL facilities in Brussels, Belgium. Business ethics and compliance professionals from across the aerospace and defence industry were in attendance to share best practices and interact with representatives from various industry stakeholders, such as NATO, the Basel Institute of Governance, and OECD. The conference was keynoted by John Sammis, Deputy Chief of Mission of the U.S. to the EU and Sylvia Kainz-Huber, Deputy Head of Aeronautics, Defence, Maritime Industries Unit at the European Commission.
“This was one of our most successful conferences to date. We were able to engage in a productive dialogue on best practices and global business ethics with many industry representatives and stakeholders,” said Pedro Montoya, Chairperson of IFBEC. Tim Schultz, IFBEC’s Vice-Chairperson, added, “We were very pleased to announce several initiatives at the conference that we believe will help the global aerospace and defence industry through collective action.”
The results of IFBEC’s 2014 Public Accountability Report were released at the conference, highlighting the continued maturation of ethics and compliance programs amongst IFBEC’s membership. The report is available for download on IFBEC’s website, ifbec.info. IFBEC’s leadership also announced the commissioning of a comprehensive study on global offset practices by the Basel Institute of Governance, in conjunction with a working group of offset experts and practitioners within IFBEC’s membership.
The International Forum on Business Ethical Conduct (IFBEC) is a collective action initiated by member companies of the Aerospace Industries Association of America (AIA) and the Aerospace and Defence Industries Association of Europe (ASD) in 2010. The goal of IFBEC is to promote and foster the development of global, industry-wide ethical standards for companies active in the aerospace and defense sector through adherence to the Global Principles of Business Ethical Conduct. Open to all aerospace and defense companies willing to share business practices for sustainable competitiveness, IFBEC organizes opportunities for industry and relevant stakeholders to exchange information and best practices concerning ethical business challenges, practices and opportunities worldwide.
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