Developing Policy on Human Rights, Ethics and Corruption Prevention
A code of ethics is a formal set of guidelines issued by an organization to its workers and management, to help them conduct their actions in advancing corporate goals in accordance with its primary values and ethical standards.
A code of ethics is built in congruence with the organization's vision and goals, with the aim of minimizing risks of inappropriate conduct, clarifying what is appropriate conduct and developing a new organizational language. The ethical program may include regulators' demands in regard to enforcement and compliance programs, where the organization is required to offer training to employees on regulatory issues such as securities, corruption prevention, etc.
Human rights are fundamental rights to respect the liberties to which a person is inherently entitled, and are designed to protect people on social, regional and domestic levels in accordance with acceptable international treaties.
Corporations are expected to promote their interests without adversely affecting human rights. A corporation's social responsibility vis-à-vis the violation of human rights may be caused directly or indirectly. Apart from the moral failure in violating human rights, this also poses a business risk, with varied sources: from the risk involved in boycotting clients, rejecting clients, negative reputation, future regulation geared towards enforcing the rights, and until failure to comply with the organization's commitments due to events deriving from evading the subject, a fact that could also entail legal action.
The Corporation Sustainability and Responsibility Group accompanies the following organizations in this field: the Securities Authority, Haifa Municipality, Carmel Studios, Clal Finance, Mivtahim-Menorah, Netivei Israel (formerly PWD), Visonick, Israel Electricity Corporation, Arison Group (Arison Investments, Family Foundation, Essence of Life and Good Spirit), Miya, Salt Industries, Hanan Mor Group, Netafim, Bank Hapoalim, I.H. Damari and Supersol.
- Developing a code of ethics for the organization – defining its values and rules of conduct expected from corporate employees for realizing the vision.
- Developing an effective ethics program – whilst minimizing risks and increasing cooperation on the part of internal and external individuals.
- Drafting training materials.
- Training ethics enthusiasts.
- Moderating workshops in different departments of the organization
- Providing close guidance to the organizational ethics manager in the process of creating the position.
- Measuring ethics program efficiency