FARNBOROUGH, England, July 19 /PRNewswire/ -- The Aerospace Industries
Association of America and four international partners in the International
Coordinating Council of Aerospace Industries Associations -- Brazil,
Canada, Europe, and Japan -- announced plans today to establish a new
initiative of regular consultations on aerospace business ethics at a
meeting at the Farnborough International Airshow Wednesday.
Representatives of aerospace industry groups from those nations and
Europe agreed to an ongoing business roundtable forum to establish and
coordinate efforts to promote international ethics principles, standards,
and practices. The AIA of America proposed the idea at the Paris Air Show
last year, citing the benefits of participation in the Defense Industry
Initiative on Business Ethics and Conduct, a successful U.S. business
ethics program.
These efforts are expected to lead to an international ethics code of
conduct that will set standards of global ethical behavior, AIA of America
President and CEO John Douglass said.
Douglass added that the move will head off ethics problems before they
start, create a level competitive playing field worldwide and establish a
positive climate for the workforce.
"The aerospace industry is very important to all of us for security as
well as economic reasons," Douglass said. "Good business ethics is good
business for our companies and their customers. As our industry becomes
increasingly global, it makes sense for international partners and
competitors to share best practices on this issue."
Wednesday's agreement came after two important developments last week.
The AeroSpace and Defence Industries Association of Europe announced the
formation of an Ethics and Anti-Corruption Working Group and endorsed the
AIA proposal for consultations. In addition the Society of British
Aerospace Companies and the Defence Manufacturers Association in the United
Kingdom issued a joint statement on their organizations' commitment to
promote best practices against corruption.
The other partners in the new Roundtable are the Society of Japanese
Aerospace Companies, Aerospace Industries Association of Canada, the
Aerospace Industries Association of Brazil, and the AeroSpace and Defence
Industries Association of Europe.
Founded in 1919, the Aerospace Industries Association represents the
nation's leading manufacturers and suppliers of civil, military, and
business aircraft, helicopters, unmanned aerial vehicles, space systems,
aircraft engines, materiel, and related components, equipment services, and
information technology.
SOURCE Aerospace Industries Association
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Related links:
http://www.aia-aerospace.org
http://www.prnewswire.com
CONTACT:
Alexis Allen, office: +1-703-358-1075, cell:
+1-703-362-0682, alexis.allen@aia-aerospace.org, or Matt
Grimison, office: +1-703-358-1076,
matt.grimison@aia-aerospace.org, both of Aerospace Industries
Association
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