Codes of Conduct (Summary)

Network Outputs - Corporate Governance

Meeting Details

Host: Siemens

Venue: Westminster

Theme: 1. What are the characteristics of best practice codes of conduct? 2. What would best practice guidelines for assuring compliance with codes of conduct look like?

Guest Speaker: John Garred, UK Regional Compliance Officer and Acting Cluster Compliance Officer NWE

Members at this IRG:

1. Heard from Siemens on the journey it has gone through with regards to renewing its codes of conduct and the strategy it employed to embed the changes in the company.
2. Heard from BAE Systems and Shell on the way in which they approach implementing codes of conduct.
3. Held an open debate addressing best practice with regards to implementation of codes of conduct, management of corporate culture and the ongoing take up of codes and measures to mitigate risk of failure to abide by the codes.

Meeting Agenda: Innovation and research group 2

12:30 Arrival and networking lunch

13:00 Welcome and introductions Matthew Wolstenholme, Managing Director, ITW Networks - Keith Read, Network Chair, Corporate Governance Best Practice Network

Roundtable of introductions and priority business issues

13:15 Best practice debate 1 - Codes of Conduct: the Siemens story

John Garred, UK Regional Compliance Officer and Acting Cluster Compliance Officer NWE

John will provide an overview of the Siemens codes of conduct programme looking at where the organisation was with regards to codes of conduct, the strategy it took to put codes of conduct in place including ensuring compliance with the codes, and the methods of maintaining the codes going forward into 2011.

13:40 Member overviews of codes of conduct David Harris, Head of Business Conduct, BAE Systems Warwick English, Associate Council, Upstream International, Shell

14:00 Open debate and questions

On the back of the presentations given, guests will be able to ask John, David and Warwick questions and hold a debate around the lessons learnt with regards to implementing codes of conduct.

14:45 Tea and coffee

15:00 Open debate; Implementation of codes of conduct best practice

Guests will hold a facilitated, open debate addressing the following questions:

• How to gain buy-in from the workforce?
• What are the processes involved that implement change?
• What tools need to be adopted to embed the change and how can benefits be realised?

16:15 Summary and round table of best practice lesson learnt

16:25 Conclusion and next steps for the network

16:30 Close