Contractor Self-Governance Programs.
Abstract
DoD prime contract awards for more than $25,000 totaled $ 125 billion during FY 1998. A properly implemented and effective contractor self-governance program allows DoD to limit its oversight of the acquisition process. Self-governance, also known as corporate governance, is a process through which a company takes responsibility for implementing and enforcing legal and ethical conduct. The key component of self-governance is a strong and effective ethics program. An ethics program consists of policies and procedures that define and implement the company's code of conduct. An ethics program should establish a culture within a company that promotes prevention, detection, and resolution of instances of conduct that do not conform to Federal, State, and local law; Federal and DoD contract regulations; and the company's own internal ethical and business policies and procedures.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 25, 2000
- Accession Number
- ADA378978
Entities
Organizations
- Office of the Inspector General, U.S. Department of Defense