The International Forum on Business Ethical Conduct (IFBEC) held its fourth annual conference on October 15th and 16th in Alexandria, Virginia. Over 80 ethics and compliance professionals from the aerospace and defense industry, government agencies, and non-governmental organizations heard a diverse set of panels cover such topics as best practices, ethics in the global marketplace, and the impact of corruption on the aerospace and defense market. Among the topics discussed was the need for comprehensive training and communication, with examples provided by Raytheon’s high quality training videos and Lockheed Martin’s mobile training “Go-Kits,” and the value of developing industry initiatives to mitigate risk in global supply chains and in offset contracts.
In the conference’s second annual “Tone from the Top” panel, five executives from the largest global aerospace and defense contractors discussed the vital importance of operating in an ethical manner and how to instill ethical values in their companies. The executives featured were Chris Raymond, Vice President of Business Development & Strategy for The Boeing Company; John Dieter, Executive Vice President of Corporate Development at EADS; David Perry, Corporate Vice President and Chief Global Business Development Officer for the Northrop Grumman Corporation; Rick Kirkland, Vice President of Corporate International Business Development for the Lockheed Martin Corporation; and Tom Culligan, Senior Vice President of the Raytheon Company and CEO of Raytheon International.
IFBEC was founded in 2010 when member companies of AIA and ASD united to endorse the Global Principles of Business Ethical Conduct. Since holding its first conference in Berlin, Germany, IFBEC has expanded to 25 companies representing the top global aerospace and defense firms as well as members of their supply chain. This year IFBEC took the important step of welcoming its first member from outside of the AIA and ASD communities, Elbit Systems, Ltd. In 2014 IFBEC plans to build upon this success by expanding its membership to more global aerospace and defense firms, further refining the Global Principles, and developing new initiatives to support business ethical conduct in our industry. For more information about IFBEC and how to become a member, please contact Doug Farren, email@example.com.