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The Hanoi Principles for Voluntary Codes of Business Ethics in the Construction and Engineering Sector
Asia-Pacific economic cooperation (APEC)
Asia-Pacific economic cooperation (APEC)
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Abstract
"Conducting business ethically and with integrity, throughout the project life cycle, is in the best interest of construction and engineering companies and associations as well as for clients and citizens in the economies of the APEC region. This behavior promotes quality output. In addition, companies that do not conduct their business appropriately damage the reputation and competitiveness of the whole construction and engineering industry. At the same time, companies that compete with, and lose to, those companies who do not conduct their business appropriately may become frustrated and discouraged from further participation in future projects. To help foster a high-integrity construction and engineering industry across the region, the APEC SME Construction and Engineering Experts Working Group (EWG), with representation from all 21 APEC economies, has developed the Hanoi Principles for Voluntary Codes of Business Ethics in the Construction and Engineering Sector (Hanoi Principles or APEC Construction and Engineering Principles) that promote a fair marketplace through ethical business conduct. These Principles help to facilitate an open and transparent business environment, free from corruption and undue influence, enhancing the ability of companies, especially small and medium sized companies, to participate in global markets. In consideration of the various definitions of SMEs throughout the APEC region, this document provides guidance for how companies may voluntarily develop a practical and effective compliance program to implement the principles. In these Principles, company includes both the company as well as its owners."
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Preprint
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2011-11
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With permission of the license/copyright holder