Frequently Asked Questions
What is the IFBEC?
The International Forum on Business Ethical Conduct (IFBEC) was created by member companies of the Aerospace Industries Association of America (AIA) and the Aerospace and Defense Industries Association of Europe (ASD) in 2010. It provides an opportunity to exchange information on best practices in the area of ethical business practices and global trends among industry participants. IFBEC members have developed a set of Global Principles of Business Ethics for the Aerospace and Defence Industry, which were endorsed by AIA and ASD in Oct. 2009. The Forum is open to all companies willing to share business practices for sustainable competitiveness.
The purpose of IFBEC is to promote and foster through the Global Principles the development of global, industry-wide ethical standards for companies that are active in the aerospace and defense business sector. The IFBEC also is focused on organizing opportunities for industry and relevant stakeholders to exchange information and best practices concerning ethical business challenges, practices and opportunities worldwide.
Who manages the IFBEC?
The IFBEC is managed by a Task Force composed of AIA and ASD member companies, including: BAE Systems Plc., BAE Systems Inc., The Boeing Company, EADS; Finmeccanica, L3-Communications Corporation; Lockheed Martin Corporation, Meggitt Plc., Northrop Grumman Corporation; Raytheon Company; Rolls-Royce Plc., Saab, Safran, and Thales.
What exactly are the Global Principles and the IFBEC Charter?
The IFBEC 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.
The IFBEC Charter is the governing document of the IFBEC. It establishes the IFBEC’s purpose, membership criteria, the IFBEC Task Force, officers and meetings, financing, and other matters relating to the functioning of the IFBEC.
Both documents can be found on the IFBEC website at www.ifbec.info.
What are the activities of the IFBEC?
The IFBEC Task Force meets several times a year and holds monthly conference calls. The Task Force is responsible for disseminating information about the activities of the organization and items of relevance on an on-going basis. The IFBEC also hosts an annual conference each year. The International Forum on Business Ethical Conduct for the Aerospace and Defence Industry held its first annual conference January 2010 in Berlin, Germany and its second in October 2011 in Washington, D.C. These conferences brought together non-governmental organizations, government representatives, major American and European companies from the aerospace and defense sectors, and industry representatives from Brazil, Canada, China, and Japan for a robust dialogue regarding issues relating to ethical business conduct. More than 100 aerospace and defense industry representatives from around the world participated.
The conference included panels on: Best Practices in Anti-Corruption Compliance Training; Due Diligence of Acquisition Targets; Guarding Against Corruption and Reputational Concerns in Offsets and the Supply Chain; Tackling the Demand Side of Corruption; Culture as a Foundation of Anti-Corruption Efforts; and Emerging Trends, Risk Areas, Opportunities and Challenges in the Fight Against Corruption. To view presentations from the conference, please visit the conference section of the website. For password access, e-mail email@example.com.
The next IFBEC conference will be held in the Fall of 2012 in Europe.
Who are the current IFBEC members?
Current IFBEC members can be found here.
I’m interested. How does my company join?
Interested organizations in the aerospace and defense sector are eligible to apply for IFBEC membership as well as membership on the IFBEC Task Force.
To become an IFBEC member, interested companies must:
- Review the Global Principles and IFBEC Charter.
- Execute an annual Company Statement about their corporate ethics policies and practices, their participation in industry-wide ethics activities and their commitment to bolstering adherence to the Global Principles within their company and among other industry partners. The company statement serves as the application for membership.
- Submit a statement agreeing to be bound by the IFBEC charter.
- Submit a statement agreeing to pay an initial registration fee and a subsequent fee for annual membership.
Once a company statement has been submitted, it will be circulated to the IFBEC Task Force for approval. Once a company’s application has been unanimously accepted, the company is notified. Dues are collected on an annual basis and are currently $2,900 USD.
I have more questions. Where do I go?
Please feel free to e-mail firstname.lastname@example.org with any questions or concerns.