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Boeing-Code of Ethics

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Code of Ethics

In March of 2005, Boeing’s Board, “asked for and received” CEO Harry Stonecipher’s resignation, this action was taken following an investigation into a personal relationship between Stonecipher and a female executive of the company (MSN Money, 2005, p.1). Stonecipher was brought in to put a series of scandals behind the company and had been credited with a more aggressive marketing approach. As a result of this ethics scandal, responsibility for reinventing the “Ethics and Business Conduct Program” fell to the Ethics and Business Conduct Committee within Boeing. An intricate part of the Revised Ethics and Business Conduct Program is the corporate purpose and commitment:

“Purpose / Summary- This procedure provides an overview of the Boeing Ethics and Business Conduct program and employees’ responsibilities. It establishes the company’s ethics and business conduct education requirements and gives information on how employees can resolve business ethics concerns. This procedure applies to all employees of The Boeing Company, including subsidiaries, contingent labor, consultants and others acting for the company unless otherwise approved by the vice president of Ethics and Business Conduct” (Boeing, 2007, p. 1).

“Company Commitment-The company is committed to fostering an environment where integrity is valued and is the foundation for all decisions. The company will maintain a culture that encourages open and honest communication where employees appreciate and understand the importance of complying with policies and procedures and demonstrating ethical behavior in all that we do” (Boeing, 2007, p. 2).

At Boeing’s leadership retreat in January of 2006, Doug Bain made a speech that gave an extraordinary look at a powerful company struggling to recover from scandal, retrieve its reputation and position

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