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Boeing Code Of Ethics Essay

568 words - 3 pages

Code of Ethics

In March of 2005, Boeing’s Board, “asked for and received” CEO Harry Stonecipher’s resignation, this action was taken following an investigation into a personal relationship between Stonecipher and a female executive of the company (MSN Money, 2005, p.1). Stonecipher was brought in to put a series of scandals behind the company and had been credited with a more aggressive marketing approach. As a result of this ethics scandal, responsibility for reinventing the “Ethics and Business Conduct Program” fell to the Ethics and Business Conduct Committee within Boeing.
An intricate part of the Revised Ethics and Business Conduct Program is the corporate purpose and commitment:

“Purpose / Summary- This procedure provides an overview of the Boeing Ethics and Business Conduct program and employees’ responsibilities. It establishes the company’s ethics and business conduct education requirements and ...view middle of the document...

2).

At Boeing’s leadership retreat in January of 2006, Doug Bain made a speech that gave an extraordinary look at a powerful company struggling to recover from scandal, retrieve its reputation and position leadership to ensure ethical behavior in the future (Gates & Mundy, 2006, p. 1). Boeing spokesman Dern said that the corporation was working hard to promote a culture where people feel like they can raise issues formally and then trust the system. The result is “an ethics system that is working every day and uncovering issues” (Gates & Mundy, 2006, p. 5).
Ethics Training
A requirement within the Ethics and Business Conduct Program at Boeing is the Ethics Education Programs. The Education Programs has the following four main objectives:
1. “Companywide ethics and business conduct education programs are designed to ensure
that all employees have an awareness of the standards of conduct and the ramifications of unethical behavior”
2. “All employees participate in a formal ethics awareness training session at least once a year”
3. “Newly hired employees receive an ethics orientation”
4. “The Boeing Leadership Center includes a focus on ethics and compliance issues in their management programs”(Boeing, 2007, p. 3).

After surviving major scandals in the past, Boeing has taken monumental steps towards building an Ethical Corporate Culture. From redeveloping their Business Conduct Program to insuring ethics training for all employees from senior executives to new hires.

References
Boeing. (2007). Ethics and Business Conduct Program. Retrieved August 7, 2007, from
http://www.boeing.com/company offices/aboutus/ethics/epolicy.htm
Gates, D. & Mundy, A. (2006). Boeing lawyer warns of company’s legal peril. The Seattle
Times. Retrieved August 7, 2007, from http://seattletimes.nwsource.com/html/businesstechnology/2002772936_boeing31.html
MSN Money. (2005). Extra Boeing fires CEO over affair. Retrieved August 7, 2007, from
http://moneycentral.msn.com/content/invest/extra/P111359.asp?

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