Friday 31 May 2013

The Saudi Aramco Shell Refinery Company SASREF has completed its preparations to host a Business Ethics awareness Symposium for contractors and suppliers in Jubail Industrial City tomorrow. The symposium will hold seven sessions. Work papers and workshops will be raised to discuss business ethics, integrity, anti- fraud and corruption, with participation of a number of local and international specialists and consultants. The speakers include Dr. Abdullah S. Al-Ammar, consultant at NZAHA who will raise the issue of corruption and methods of detection and control, and adjusted procedures of protecting public funds, as well as combating and eliminating corruption as well as purifying the society from its severe impacts and consequences, and explaining the latest developments in this regard, laws and regulations that promote the integrity of workers.

Abdulwahab S. Al-Gahtani, Ph.D, King Fahd University of Petroleum & Minerals, will deliver a presentation entitled "Business Ethics and its Impact on Organizational Performance". The presentation will give a brief introduction to the topic, definition and importance of business ethics, different types of ethical approaches, and the role of business ethics in global competition. The presentation will touch upon unethical behaviors, the role of top level management in enhancing business ethics in organization, as well as explaining the relationships between business ethics and organizational performance based on profitability (law and order to avoid legal violations), revenue (increasing sales due good reputation and quality of products), high return on investment (due to all consequences of good ethical practices), market share (due to good reputation), and image and reputation (due to good ethical measures and practices).

The speech will cover also topics such as business ethics and organizational dysfunctional conflicts, and building partnership between all stakeholders to enhance ethical conducts of contractors, top level managers and employees. Another speaker, Altaf Dossa, director -- head of Forensic Services at KPMG Co. will focus in his speech on the top 10 risks facing organizations according to the KPMG survey, and the top 5 fraud related risks in the petrochemical industry. He will illustrate the profile of the typical fraudster, and maturity of anti-fraud management in Saudi Arabia -- code of ethics and anti-fraud policy, as well as the Integrity barometer -- measuring the ethical culture in organizations. While David Clements, director of Deloitte Forensic Co. will give introduction to the Ethics & Fraud booklet, defining theft, corruption and bribery, fraud control and whistleblower hotlines.

© Arab News 2013