Corruption in the defence sector affects us all. Success in raising standards will require action from all stakeholders: governments, companies, investors, and civil society.
CEOS AND BOARD CHAIRS
1. Ensure that you have a robust ethics and anti-corruption programme. Encourage periodic independent review.
2. Disclose the programme fully on your company’s website.
3. Speak up strongly against corruption inside your company and in public fora.
INVESTOR ENGAGEMENT TEAMS, PORTFOLIO MANAGERS, AND ANALYSTS
4. Ask the CEO and Chair of the Board to explain their ethics and anti-corruption programme.
5. Ask them to show you the results of an independent review of their programme.
PROCUREMENT CHIEFS IN ARMS IMPORTING COUNTRIES
6. Require that all bidding companies have effective ethics and anti-corruption programmes in place, and that they are made public.
7. Where regulations permit, place a requirement in Ministry of Defence (MOD) regulations that all bidding companies must possess an ethics and anti-corruption programme.
GOVERNMENT OFFICIALS RESPONSIBLE FOR OFFSETS
8. Require all bidding companies to publish their detailed offset obligations.
9. Require that they publish annual performance assessments of their offset obligations.
ARMS EXPORTING GOVERNMENTS
10. Require robust ethics and anti-corruption programmes in your national defence companies.
Request that companies are required to have ethics and anti-corruption programmes in place as a condition for bidding on MOD contracts. Discuss the results of the index with national defence companies. Carry out a national defence companies index in your country.