2. THE CORPORATE BUSINESS COMMUNITY
Section 2.9 - Joint Ventures / Partnerships / Subsidiaries
Principles
2.9.P.1
When entering into and throughout the duration of joint ventures
and partnerships, the company takes into account the ethical
implications as well as the financial implications of those
relationships.
2.9.P.2
All parts of the company, associated companies, divisions
and units and subsidiary companies abide by the same codes
of ethics and conduct as the parent company as a minimum standard.
2.9.P.3
The company accepts a responsibility to promote its codes
of ethics and of conduct with licensees and franchisees.
Criteria
2.9.C.1
The company recognizes that unethical behaviour by joint venture
and other partners reflects on its own reputation and integrity,
and the company has a mechanism to address such unethical
behaviour.
2.9.C.2
The company has a clearly stated policy in regard to the monitoring
of the application of codes of ethics and conduct by licensees
and franchisees.
Bench Marks
2.9.B.1
The company has guidelines to assess and determine its course
of action when a violation of ethical codes is perpetrated
by a partner or subsidiary. These guidelines include, but
are not limited to, challenging the partner or terminating
the relationship.
2.9.B.2
The company takes immediate steps to address violations of
codes of ethics and conduct by licensees and franchisees.
The company only terminates the relationship as a last resort.