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The Role of Business in Fostering Transparency

The Role of Business in Fostering Transparency. HIGHLIGHTS FROM THE RECOMMENDATIONS ON INTRODUCING BUSINESS ETHICS IN RUSSIA. Business Associations (1). discuss in workshops principles and practice of Russian Business Culture regularly conduct training workshops for business executives;

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The Role of Business in Fostering Transparency

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  1. The Role of Business in Fostering Transparency HIGHLIGHTS FROM THE RECOMMENDATIONS ON INTRODUCING BUSINESS ETHICS IN RUSSIA

  2. Business Associations (1) • discuss in workshops principles and practice of Russian Business Culture • regularly conduct training workshops for business executives; • create professional ethics commissions within each of the professional associations and discuss ethics at CEO level; • publicise on a regular basis best business practices;

  3. Business Associations (2) • organise award contests • share black-lists of unreliable partners; • publish manuals and guidelines help employees adopt key values; • initiate and support the creation of corporate codes of conduct

  4. Recommendations for the State (1) • create a simple framework of laws and regulations (taxation and business registration being priorities); • strengthen enforcement against organised crime to encourage honest business practices; • minimise personal contacts between officials and entrepreneurs; • use awareness raising seminars to change civil servant attitudes about business.

  5. Recommendations for the State (2) • draft and enforce legislation against infringements upon the economic rights of entrepreneurs; • guarantee private property ownership; • promote business participation in legislative assemblies and in executive decision making;

  6. Recommendations for the State (3) • enhance the efficiency of arbitration and law enforcement systems; • “loans for honesty”, state prizes, and public support in national tenders and international projects for honest businesses.

  7. Recommendations for Mass Media (1) • work with business associations to devise a general and co-ordinated media action program; • devise sub-programs aimed at key social groups • raise awareness about business obstacles ; • establish a magazine (to be both printed and televised) dedicated to business ethics.

  8. Business Education Institutions • integrate business ethics into business education programs at all levels; • devise continuing education on business ethics; • organise regional courses on business culture and ethics in Russia; • arrange a programme of regular international exchanges.

  9. HIGHLIGHTS FROM THERECOMMENDATIONS ON INTRODUCING BUSINESS ETHICS IN RUSSIA • Enforcement is best achieved through a system of rewards for honest business. Obviously, the best reward for an entrepreneur is his or her reputation as a reliable, decent, and competent partner. Public encouragement also has a role to play as this enhances business prestige.

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