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Businesses sign on to GCCI’s Code of Conduct

Sep 29, 2010 News

Several businesses yesterday signed on to the Georgetown Chamber of Commerce and Industry (GCCI)’s Code of Conduct which was launched yesterday at Duke Lodge, Kingston.
The event was attended by scores of business persons, 24 of whom were the first signatories on the document which provides guidelines to the membership on how businesses should operate locally.
President of the GCCI, Komal Ramnauth, in his presentation to the gathering, called on all businesses to sign on to and commit to adhering to the guidelines. He said that the Code of Conduct represents GCCI’s commitment to practicing business in Guyana at a high standard.
Senior Vice President and Chairman of the Governance and Security, GCCI, Eon Casear, said that the Code of Conduct is a part of a five-year strategic plan for the Chamber.
He explained that the Code of Conduct is a set of rules and guidelines outlining the responsibility, principles and standards to which businesses should operate.
Chairman of the Private Sector Commission (PSC) Ramesh Dookhoo, while applauding the initiative, said that there is a business environment where business people seek to cut corners to maximize profits, and by signing on to the Code of Conduct, the businesses are obligated to adhering to all of the rules and regulations, and must uphold their corporate social responsibility.
Evadnie Benfield, Acting Executive Director of the Guyana National Bureau of Standards (GNBS), said that she was pleased with the initiative, adding that it is good to see that the message of operating businesses with standards is finally having the desired effect.
She urged the businesses to adhere to the principles set out in the Code of Conduct.
The Code of Conduct was developed as a guideline for the GCCI membership on the ideals of ethical principles, standards, and in accordance with the laws of Guyana and the bylaws of the Chamber. It is based on firm business ethics and incorporates Corporate and Social Responsibility, particularly as it relates to the environment.
In the Code it is stated, “We the members of the Georgetown Chamber of Commerce and Industry shall at all times: Obey the laws of the Republic of Guyana both in letter and spirit and those of the countries in which we conduct business; Never knowingly assist any third party in violating any law; Demonstrate ethical behaviour in all business transactions, reject and actively discourage corrupt behaviour and bribery by means of the exchange of cash, gifts or information; Not provide or attempt to provide and gain commercial advantage by improper inducements, favours or benefits, directly or indirectly, so as to influence Government officials and/or public servants; Not knowingly mislead any Government investigator or other regulatory official and at all times provide truthful and accurate information about our performance to any government regulatory agency, enquiry or investigation.”
The Code of Conduct also states: “We the members of the Georgetown Chamber of Commerce and Industry agree that free and fair competition is critical for a well functioning open market economy and contributes to increasing the wealth of the country and its citizenry. We therefore shall: Engage in fair trade and competition within the realms of the law; Not knowingly make payments, offer inducements or grant favours in exchange for competitive advantages; Respect for both trademark and intellectual property rights.”
The Code of Conduct is divided into various principles that dictate how business communities should operate as it relates to Legislation and the Government, Employees, Customers, Suppliers, Owners and Investors, Competition, Communities and the Environment.

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