GFT logo
Home    Business    Physics    Learning    About

PRINCIPLES OF BUSINESS CONDUCT
OF THE
CHAMBER OF COMMERCE OF THE UNITED STATES


THE FOUNDATION OF BUSINESS IS CONFIDENCE, WHICH SPRINGS FROM INTEGRITY, FAIR DEALING, EFFICIENT SERVICE, AND MUTUAL BENEFIT

THE REWARD OF BUSINESS FOR SERVICE RENDERED IS A FAIR PROFIT PLUS A SAFE RESERVE, COMMENSURATE WITH RISKS INVOLVED AND FORESIGHT EXERCISED

EQUITABLE CONSIDERATION IS DUE IN BUSINESS ALIKE TO CAPITAL, MANAGEMENT, EMPLOYEES, AND THE PUBLIC

KNOWLEDGE--THOROUGH AND SPECIFIC--AND UNCEASING STUDY OF THE FACTS AND FORCES AFFECTING A BUSINESS ENTERPRISE ARE ESSENTIAL TO A LASTING INDIVIDUAL SUCCESS AND TO EFFICIENT SERVICE TO THE PUBLIC

PERMANENCY AND CONTINUITY OF SERVICE ARE BASIC AIMS IN BUSINESS, THAT KNOWLEDGE GAINED MAY BE FULLY UTILIZED, CONFIDENCE ESTABLISHED, AND EFFICIENCY INCREASED

OBLIGATIONS TO ITSELF AND SOCIETY PROMPT BUSINESS UNCEASINGLY TO STRIVE TOWARD CONTINUITY OF OPERATION, BETTERING CONDITIONS OF EMPLOYMENT, AND INCREASING THE EFFICIENCY AND OPPORTUNITIES OF INDIVIDUAL EMPLOYEES

CONTRACTS AND UNDERTAKINGS, WRITTEN OR ORAL, ARE TO BE PERFORMED IN LETTER AND IN SPIRIT.  CHANGED CONDITIONS DO NO JUSTIFY THEIR CANCELLATION WITHOUT MUTUAL CONSENT

REPRESENTATION OF GOODS AND SERVICES SHOULD BE TRUTHFULLY MADE AND SCRUPULOUSLY FULFILLED

WASTE IN ANY FORM--OF CAPITAL, LABOR, SERVICES, MATERIALS, OR NATURAL RESOURCES--IS INTOLERABLE AND CONSTANT EFFORT WILL BE MADE TOWARD ITS ELIMINATION

EXCESSES OF EVERY NATURE--INFLATION OF CREDIT, OVER-EXPANSION, OVER-BUYING, OVER-STIMULATION OF SALES--WHICH CREATE ARTIFICIAL CONDITIONS AND PRODUCE CRISES AND DEPRESSIONS ARE CONDEMNED

UNFAIR COMPETITION, EMBRACING ALL ACTS CHARACTERIZED BY BAD FAITH, DECEPTION, FRAUD, OR OPPRESSION, INCLUDING COMMERCIAL BRIBERY IS WASTEFUL, DESPICABLE, AND A PUBLIC WRONG.  BUSINESS WILL RELY FOR ITS SUCCESS ON THE EXCELLENCE OF ITS OWN SERVICE

CONTROVERSIES WILL, WHERE POSSIBLE, BE ADJUSTED BY VOLUNTARY AGREEMENT OR IMPARTIAL ARBITRATION

CORPORATE FORMS DO  NOT ABSOLVE FROM OR ALTER THE MORAL OBLIGATIONS OF INDIVIDUALS.  RESPONSIBILITIES WILL BE AS COURAGEOUSLY AND CONSCIENTIOUSLY DISCHARGED BY THOSE ACTING IN REPRESENTATIVE CAPACITIES AS WHEN ACTING FOR THEMSELVES

LAWFUL COOPERATION AMONG BUSINESS PEOPLE IN USEFUL BUSINESS ORGANIZATIONS SUPPORT OF THESE PRINCIPLES OF BUSINESS CONDUCT IS COMMENDED

BUSINESS SHOULD RENDER RESTRICTIVE LEGISLATION UNNECESSARY THROUGH SO CONDUCTING ITSELF AS TO DESERVE AND INSPIRE PUBLIC CONFIDENCE

These Principles of Business Conduct have been adopted by Greenwood Farm Technologies