The Four Corners article Dirty Money on RBA's Securency Monday 24 May, 2010 and the AFP's subsequent international raid on Securency Oct 2010 makes this white paper quite interesting. This policy white paper looks at the state of play for corporate ethics following the tabling of the Cole Royal Commission's findings on AWB's bribes in its dealings with Iraq. It seeks to find an explanation for AWB's actions by looking back at the fight we had about "Codes of Conduct" during the debate about the Corporate Code of Conduct Bill 2000. It conducts an analysis by looking at an important submission to the Parliamentary Committee in 2000 from AICD and seeing how its ideas have held up, following the AWB scandal and the subsequent inquiry. It concludes that the concept of "comparative advantage" contained in the submission contributed to the "culture" that led to AWB's stupid mistakes, and that now is a good time for any corporation involved in international trade to revisit the argument that was had in 2000, with a view to establishing a new ethical system. Australian Wheat Board. Australian Institute of Company Directors. UN Convention Against Corruption, 2003. ATO. kickbacks. bribery. government regulation. self-regulation. DFAT. PM. Prime Minister. See also Code of Conduct - Bribery
C-5048Codeof_1.pdfPolicy white paper on corporate ethics following the tabling of the Cole Royal Commission's findings on AWB's bribes in its dealings with Iraq.
