AeroSpace and Defence Industries Association of Europe (ASD), major European aerospace and defense industry associations
This initiative provides principles and guidelines to its members to help in the prevention of corruption in day to day business.
The Aerospace & Defence Industries Association of Europe (ASD) launched the European Ethics and Anti-Corruption Task Force at the Farnborough Air Show 2006. The Task Force prepared Common Industry Standards (CIS) for anti-corruption to be applied across Europe which, after detailed consultations including independent advice from the International Chamber of Commerce, was approved by the ASD Council in April 2007. The CIS was then opened for adoption by the national trade associations of Europe and the SBAC September 2007 Council agreed to adopt the Standards at the ASD Convention on 4 October 2007 in Barcelona.
Develop common industry standards to be applied across Europe in the aerospace and defense industry.
These Common Industry Standards are a set of business ethics requirements that assist European companies in implementing integrity programs. Five years before the UK instigated the Bribery Act, the Common Industry Standards, anticipated the concept of 'Adequate Procedures' prevention measures stated by the UK Guidance. In addition to The Common Industry Standards a dedicated ‘toolkit' is available to fulfill SME needs. Over 400 companies signed these standards in 2007. European national associations have promoted these guidelines to their local companies. These standards are regularly updated to meet new regulations or standards requirements.