Peter Oborne, a chief political commentator for the Daily Telegraph in the UK resigned from the newspaper after making allegations that Barclay Brothers, owners of the publication, held back reports about the HSBC tax scandal due to concerns of losing revenue from advertisements run by the banking giant.

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Oborne stated, “Democracy itself is in peril if major newspapers allow corporations to influence their content for fear of losing advertising revenue”.

Do similar issues affect you within your procurement department?  Are you forced to buy from a supplier even though it is not in the best interest of your organization or their employees?  Are you expected to turn a blind eye towards human rights concerns within their supply chain even if they are well documented?

These are just several reasons why business ethics are so important to procurement professionals and professionals in others fields of endeavor.

Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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