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HRM Review Magazine:
Fluor Corp.'s Business Ethics Practices: Creating Six Sigma Standards in Staying Corruption-Free
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Fluor Corp., a US-based construction company is one such company having set out elaborate ethical standards in its business dealings. Alan Boeckmann, a young engineer was welcomed into the company where he got exposed to the fact that corrupt practices degrade the morals of the employees and profits of the company in equal measure. He developed a deep-rooted loath of unfair business practices. When he took over the reins of the company as CEO, he declared to fight corruption out of company's operations. He developed Fluor's `Code of Ethics' which went on to become one of the world's best codes of business conduct and ethics. He was credited to have formalized a fight against corruption as part of normal operations of the company by creating an exclusive department (Department of Corporate Compliance) to ingrain ethical practices in employees. He also installed a 24-hour hotline service in the company to record any aberrations in ethical practices. Alan Boeckmann also initiated to partner industry heads in the fight against corruption by launching a wing called Partnering Against Corruption Initiation (PACI) under the World Economic Forum.

 
 
 

Fluor Corporation (Fluor Corp.) was listed in the world's `Most Ethical Companies' by Ethisphere magazine in 2008. It was the only company that made it to the list from the construction sector for two consecutive years. Alan Boeckmann (Boeckmann), Chairman and CEO of Fluor Corp. acknowledging the achievement said, "Ethics and ethical behavior are core values at Fluor Corp. and have been since our inception more than a century ago. We are proud of the examples our employees set around the globe and we are honored to be recognized on this prestigious list." Fluor Corp., with offices in 25 countries across the globe, provides services in the fields of engineering, construction, procurement and maintenance to its clients in the fields of oil and gas, chemicals, pharmaceuticals, alternative energy, nuclear infrastructure and government projects. Fluor Corp.'s ethical compliance initiatives, many argue, create a virtuous cycle in eroding corruption practices. However, the bigger debate is, would everyone buy Fluor Corp.'s philosophy? Why is it doing? What it's doing?

Corruption is defined as the misuse of entrusted power for private gain and as Boeckmann aptly said, "As you know, corruption has been with us for centuries. If not the oldest human vice, it is a close second. My belief, however, is that corruption need not be one of those things, like death and taxes, that is integral to our lives." People are found vulnerable to corruption mainly because of the greed for power and wealth. This vulnerability can damage the central pillars of a society—legislature, enforcement and judiciary.

 
 
 

HRM Review Magazine, Fluor Corporation, Construction Sectors, Government Projects, Corruption, Corporate Sectors, Economic Developments, Construction Industry, Pharmaceutical Industry, Small and Medium Enterprises, Business Ethics, Economic Cooperation and Development.