introduction to GoodCorporation

Report
An introduction to GoodCorporation
A short history
The measure of a good company
GoodCorporation’s Business at a Glance
o Founded in the UK in 2000, GoodCorporation is recognised worldwide as one of the leading
organisations working in the field of corporate responsibility and business ethics
o We conduct independent and confidential assessments of ethical management practices and have
completed over 400 assessments in more than 60 countries
o We also support our clients through training, consultancy and further compliance services and
resourcing
o We have over 100 clients ranging from 17 FTSE 100 and 6 CAC 40 clients to smaller, private
businesses
o We have worked in 60 countries globally
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Examples of our Clients
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Assessments around the world
Algeria
Germany
Angola
Gibraltar
Poland
Argentina
India
Portugal
Belgium
Indonesia
Qatar
Bolivia
Ireland
Romania
Brazil
Israel
Russia
Brunei
Italy
Saudi Arabia
Bulgaria
Japan
Senegal
Burma
Kazakhstan
Singapore
Cambodia
Kenya
South Africa
Cameroon
Libya
South Korea
Canada
Malaysia
Spain
Central African Rep.
Mexico
Sweden
Turkey
China
Morocco
Switzerland
UAE
Congo
Myanmar
Syria
Uganda
Czech Republic
Netherlands
Tanzania
UK
Egypt
New Zealand
Thailand
USA
France
Nigeria
Trinidad and Tobago
Venezuela
Gabon
Norway
Tunisia
Yemen
The GoodCorporation assessments are applied intelligently in each cultural context, using expert
assessors working with locally trained counterparts
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GoodCorporation’s Business
Checking
Assessment
Preparation
for checking
Consultancy,
training and
resourcing
Certification
Identifying
the gaps
GoodCorporation
support
Embedding
practice and
culture
Filling the
gaps
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GoodCorporation’s Product Portfolio
Consultancy
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Benchmarking
Code of Conduct review
Code of Conduct development
Policy review and development
Process and systems design
Training design
Training and embedding
Setting up, managing/supporting
compliance functions
Due diligence
Mystery customer reviews
Bespoke ethics consultancy
Development of industry-wide
business integrity initiatives
Assessments
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Anti-bribery and corruption high level review
Anti-bribery and corruption site level review
Bespoke assessment
Community Programme Evaluation
Ethics assessment
Evaluations against established standards e.g.
ISO26000, BS10500
GoodCorporation Standard certification
Project Assessment
Small Organisation Assessment
Treating Customers Fairly
BnEI founding partner and assessor
IiI founding partner and assessor
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The GoodCorporation Standard
The measure of a good company
The GoodCorporation Standard
o The GoodCorporation Standard is a standard of responsible business practice, developed in
conjunction with the UK Institute of Business Ethics
o It covers an organisation’s management of its employees, customers, suppliers, shareholders, its
environmental impacts and relationship with the communities in which it operates
o GoodCorporation gives an independent assessment and accreditation of an organisation against the
Standard
o Company or sector-specific management practices can be added to the GoodCorporation Standard
for inclusion in the assessment process
o All GoodCorporation reports are reviewed and approved by its independent Accreditation Council,
chaired by Simon Webley, Research Director at the Institute of Business Ethics
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How does GoodCorporation Assess?
o Set-up
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an assessment framework and the scope of work are agreed
o
a timetable is developed with the client project manager
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samples of employees, customers, etc. are selected for the interview programme
o Assessment
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the assessor interviews key functional managers from HR, HSE, sales etc. to understand how practices are
supposed to work,
o
the assessor reviews records, documents and system outputs as necessary
o
the samples of stakeholders are interviewed: face-to-face, by phone or by e-poll
o Analysis and reporting
o
the assessor uses all the evidence gathered to evaluate how effectively the practices are working in reality,
grading each practice
o
a presentation is given to management to explain the findings and grades
o
metrics are developed
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report drafted, reviewed and finalised
o Accreditation
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For organisations seeking accreditation the report is sent to the Accreditation Council for approval
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Assessment Metrics:
Overall Results versus Benchmark
Top Quartile
8%
1%
GoodCorporation Standard
Benchmark
8%
10%
Bottom Quartile
2% 3%
5% 1%
20%
42%
22%
64%
32%
83%
Your company
14%
2%
14%
68%
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Assessment Metrics:
Stakeholder Group versus Benchmark
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1
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3
4
5
Employees
Customers
Suppliers and contractors
Community
Environment
Shareholders or equivalent
Management commitment
GC Benchmark
Your company
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The Use of GoodCorporation’s Assessment for Non
Financial Reporting
The company can report:
o That it has a process in place to systematically
assess its relationships with it key stakeholders:
“We have a process to systematically and
independently assess our stakeholder views
about our business. We do this using the
GoodCorporation assessment process.”
o If required, it can use the assessment grades to
show its performance for a particular
stakeholder group or show results of an e-poll
o An overall percentage can be given for each
stakeholder group, based on a score of 1 for a
fail grade and 5 for a commendation grade
o Where applicable, the company can report that
The assessor awards grades:
commendation
the policy and system are examples of best
practice
merit
the policy and system work well
observation
there is a policy and system that works but
potential improvements have been identified
minor non-compliance
there is a policy and system that work but it is
not always working
fail
there is no policy or system, or it has largely broken
down
it has achieved GoodCorporation Membership
(no fail grade in the assessment)
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Accreditation
o A grade is awarded for each of the business practices assessed
o Accreditation is achieved by obtaining no ‘fail’ grade anywhere in the assessment
o The ‘accredited’ logo for the year in question (e.g. ‘accredited 2013’) may be used indefinitely
o Re-accreditation can be achieved in subsequent years as required
o Good performance allows the organisation to be re-accredited in subsequent years, subject to a
successful ‘surveillance’ visit (short audit of management processes only)
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3. The GoodCorporation Framework on Bribery and
Corruption
The measure of a good company
The GoodCorporation Framework on Bribery and Corruption
o The Anti-Bribery and Corruption (ABC) Framework is based on emerging international best practice
o It includes input from the OECD, Transparency International’s checklist, Ministry of Justice Guidance
on the UK Bribery Act and the Basel Institute on Governance
o It covers an organisation’s policies and systems to reduce the risk of the company or its employees
being involved in corrupt practices
o It can be used both at headquarters and at site level
o It addresses corruption risks broadly, covering not just bribes but: conflicts of interest, transparent
purchasing, ethical risks in sales and marketing, relationships with the public sector, as well as
management structure and processes
o The Framework is very adaptable: company, sector-specific or individual scheme requirements can be
added to the GoodCorporation ABC Framework for inclusion in the programme and/or assessment
process
o It aligns with BS10500
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The GoodCorporation Framework on Bribery and Corruption
o The Framework aims to ensure adequate procedures, in the sense of the UK Bribery Act, are followed,
and principles are grouped under the six Ministry of Justice Guidance headings:
o
o
o
o
o
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Top-level commitment
Communication and training
Risk assessment
Due diligence
Key business functions
Compliance and monitoring
o GoodCorporation has been conducting anti-bribery and corruption work across a variety of industries
including: telecommunications, oil and gas, defence, logistics and extractives
o This information is used to benchmark organisations within and/or across sectors
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4. Industry Initiatives
The measure of a good company
5. The Banknote Ethics Initiative (BnEI)
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Banknote industry initiative (BnEI)
Launched May 2013
Initiative to promote ethical business practice
within the banknote industry
Focus on the prevention of corruption and on
compliance with anti-trust law
Members sign up to a Code of Ethical Business
Practice (developed with the IBE)
They are audited against the BnEI Audit
Framework (based on The GoodCorporation
Framework on Bribery and Corruption)
A robust test that is practical and realistic for
companies in the industry
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5. GoodCorporation’s Support Services
The measure of a good company
GoodCorporation’s Due Diligence Services
GoodCorporation supports organisations to design a process adapted
to their needs/risks to ensure adequate ethics safeguards in their
supply chain
We can also help implement due diligence processes by facilitating
three levels of screening using the GoodCorporation Due Diligence
Questionnaire as a base
o Initial screening
o Preliminary risk assessment to screen for: low, medium,
high risk
o Risk-based due diligence based on:
 Identifying red flags from questionnaire
 Independent background checks
 On-site interviews
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3 stages:
Initial Screening, Preliminary Risk Assessment, Risk-based
Due Diligence
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GoodCorporation’s Due Diligence Services
GoodCorporation’s due diligence screening service is based on direct interaction with the proposed
supplier, with three levels of check available:
o One hour check – we ask the supplier to complete the GoodCorporation Due Diligence
Questionnaire and check responses
o One day check – we phone and speak to the supplier and complete the missing details from the
questionnaire
o One week check – we visit the proposed supplier and interview the directors/senior managers
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GoodCorporation Compliance Support
Beyond high level and site level reviews, GoodCorporation offers a range of support services to help businesses manage
compliance effectively:
o Reviewing and developing policies
o Reviewing and developing systems
o Training: including tailored and highly interactive face-to-face training of individuals or teams based on relevant
and current case studies
o Interim compliance support: fulfilling the ABC compliance function on a short-term basis as a fast way of setting up
a reliable compliance function e.g.
o
moving into new international markets
o
working on a short-term project
o
engaging in a joint venture partnership
This type of support can be used to:
o Write local policies and procedures
o Conduct due diligence on local entities
o Conduct and document a local risk assessment
o Review local books and records to ensure a local entity is operating in line with the company’s policies and
procedures.
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6. Background Information
The measure of a good company
GoodCorporation Debates
Since 2002, GoodCorporation has held a series of high-profile debates on corporate responsibility…
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Founding Advisory Panel
Panel members provided general guidance to GoodCorporation at its launch:
o Lord Sharman, former Chairman of Aviva Group plc and former global head of KPMG chaired
GoodCorporation’s Founding Advisory Panel
o The panel contained representatives from business, NGOs and trade unions who supported
GoodCorporation’s aims
o Founding members of the panel included Sir Alan Budd, Sir Anthony Cleaver, Julia Cleverdon OBE,
Baroness Greengross, Will Hutton, Baroness Pauline Neville-Jones, Sir Peter Walters, Mike Leahy and
Rory Murphy.
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Contact
For more information, please contact:
Leo Martin, Director
Debbie Ramsay, Director Business Development
GoodCorporation Limited
Blades Court
121 Deodar Road,
London, SW15 2NU
United Kingdom
Tel:
E-mail:
+44 (0)20 8877 5300
[email protected]
[email protected]
www.goodcorporation.com
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