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.
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.