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The Ethics of Lockheed’s Sustainable Business Practices

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The Ethics of Lockheed’s Sustainable Business Practices

ARTICLE

By: Dr. Leo Mackay, Lockheed Martin

Dr. Leo S. Mackay, Jr. is Senior Vice President of Internal Audit, Ethics, and Sustainability at Lockheed Martin.

The core values of Lockheed Martin are:  do what’s right, respect others, and perform with excellence. Our commitment to integrity, built on these values, drives us to hold our 98,000 employees, our board of directors and our suppliers to the highest ethical standards.

Our rigorous ethics program is designed to prevent and detect misconduct, reinforce our compliance with legal requirements and promote an organizational culture where employees are empowered to speak up and do what’s right. As recent headlines about banks, automakers, and healthcare technology firms suggest, a high standard of business ethics remains a fundamental yet elusive sustainable business practice for some corporations.

Lockheed Martin is committed to enhancing and sustaining a solid standard for ethics across our business operations, including our supply chain. An ethical lapse involving one of our thousands of suppliers could damage our reputation, affect our ability to deliver high-quality products and services or even bar our corporation from winning future government contracts. Virtually no other industry sector competes with the stakes as high, so we’ve built programs to reflect that.

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About Author

Before joining Lockheed Martin, Dr. Mackay served as Deputy Secretary of Veterans Affairs. The former Navy fighter pilot graduated from the United States Naval Academy and has a master’s degree and Ph.D. in public policy from Harvard University. Dr. Mackay is also a member of the U.S. Naval Institute, Council on Foreign Relations and Aspen Strategy Group. Read more about Lockheed Martin.

 

By | 2017-06-02T16:34:18+00:00 May 25th, 2017|Board Oversight & Governance|

Source:

Aarti Maharaj
Aarti Maharaj is Executive Editor and Director of Communications at Ethisphere. Maharaj covers ethics, compliance, risk, and corporate governance. She can be reached at aarti.maharaj@ethisphere.com