Europe’s largest arms manufacturer BAE Systems is to ensure ethical business
conduct and management of reputation risk is assessed in all future audit
reports.
This was one of the key recommendations made by Lord Woolf in his 150-page
report into the defence company’s conduct.
BAE chairman, Dick Olver controversially called for the Serious Fraud Office
to resume its investigation into its £43bn arms deal with Saudi Arabia claiming
a review of the case would show there was little chance of success.
Woolf made 23 recommendations which included developing and publishing a code
of ethical business conduct, scrapping facilitation payments and keeping a
register of money spent on gifts and hospitality.
Mike Turner, BAE chief executive said: ‘We will carefully study the report’s
contents to understand the detail of its conclusions and remain committed to
acting on all the committee’s recommendations.’
The company pledged it would give more detailed feedback on the report, which
cost £1.7 million to research, and associated actions by the end of July.
Newly Qualified Accountant, London, £Competitive Walk, run, fly? At Ernst & Young we have a huge range of opportunities for ACA and ACCA qualified accountants. Now that you are qualified, you can decide what you ... more >
Role description Our client, a leading property investment company is looking to recruit a Group Financial Controller based in their prestigious central London offices. You will have a high degree of autonomy and the ability ... more >
Finance Manager, Oxford, £34,793 - £41,545 PA The Department of Physics, University of Oxford seeks to appoint a full-time Finance Manager to start as soon as possible. This is an exciting and challenging opportunity for ... more >
Finance Manager, Bristol or Exeter, Band 7 £28,316 - £37,326 subject to pay award pending Are you a pace setter? The purpose of the Specialised Commissioning Group (SCG) is to secure specialised services for the ... more >
More Jobs in Finance
RSS feeds