GoodCorporation completes third Standard Review

GoodCorporation has completed its triennial review of the GoodCorporation Standard, ensuring that the Standard provides the most up-to-date and relevant measurement of responsible business practice.

Since its launch in 2001, GoodCorporation has completed almost 400 assessments in more than 40 countries.  From these assessments, GoodCorporation has an in-depth understanding of management practice standards across a variety of industries and a database of responsible practice statistics.  This provides GoodCorporation with an unrivalled facility to benchmark its clients against best practice within their sector, reinforcing GoodCorporation's position as an authority on responsible management practice and business ethics.

The structure of the Standard remains the same, but following industry-wide consultation, a number of small changes have been made. 

Importantly, in the current economic climate, a new point has been added to ensure that in the event of significant redundancies, a company will seek to mitigate the adverse effect on employees.  Similarly, the revised Standard stipulates that contracted or agency workers must have fair terms and conditions. 

Changes to the community section of the Standard include the addition of a new policy that requires an organisation to conduct itself in a responsible and politically neutral manner in the affairs of the countries in which it operates.  The organisation must also work in a constructive way to satisfy the requirements of bodies responsible for regulating activities.

Within the management section, a new point has been added which looks at the way in which internal and external conflicts of interest are dealt with.

"We feel it is essential to review the Standard every three years to enable our assessments to remain concurrent with developments in responsible business practice.  All changes are approved by the Institute of Business Ethics providing additional authority to a now internationally recognised assessment of responsible management practice," said GoodCorporation's Michael Littlechild.