HomeBusiness DigestCZI adopts Business Ethics Charter

CZI adopts Business Ethics Charter

Ngoni Chanakira

THE Confederation of Zimbabwe Industries (CZI) has adopted a new Business Ethics Charter to monitor fellow members.

>Outgoing CZI president Antony Mandiwanza, who launched the charter in Victoria Falls, said the document was the torch that would be used by members and individuals to deal with ethical problems and moral concerns that surface in their respective sectors.

“CZI believes that the embracing of this document and implementation of its principles by members enhances Zimbabwean industrial credibility,” he said.

He said the document could be used by members as a torch in dealing with ethical problems that surface as they go about their daily business.

He said the values in the document should drive the way CZI and its membership undertake business activities.

“No documents are consequential if the ideals contained in them are not implemented,” he said.

Mandiwanza said scholars of management had established that 80% of problems and concerns in business communities were moral or ethical.

“The history of business in Zimbabwe is a specific example that confirms such a claim,” he said.

“Some notable Zimbabwean business ethicists have argued for years that there is neither an innocent generation nor innocent sector when it comes to the issue of ethical offences in business.

“CZI has accepted such observations and responded to them as necessary challenges and this Ethics Charter is the torch that should be used by members, individually and collectively, to deal with ethical problems and moral concerns that surface in their respective sectors.”

CZI member organisations have agreed that the document should set the standards of ethical conduct for manufacturers and state the fundamental principles that have to be observed by member organisations as they undertake their business activities.

They also agreed that the Charter was established on the premise that unless a limitation was specifically stated, the objectives and fundamental principles were equally valid for all business professionals and sub-sectors in industry.

“The business of manufacturing and related services can, in a way, be regarded as a certain type of a profession whose practice must be guided by certain basic agreed upon standards of professionalism in terms of competence and behaviour,” the CZI said.

The industrialists’ body said it believed that due to sectoral and professional differences among the membership, the task of preparing detailed ethical requirements was primarily that of professional bodies and sub-sector associations concerned and that these bodies and associations should have the responsibility to implement and enforce ethical requirements.

It said as a profession, the business of manufacturing and related services should be distinguished by certain characteristics including possession of certain professional and technical skills acquired through training and education, adherence to a common code of values and conduct established by its representative body and acceptance of a responsibility and accountability to society as a whole in return for the “licence” to operate.

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