Woolf Committee recommendations to BAE:

1 Board should set out to be global leader in ethical business

2 Become advocate of its ethics, adopt openness and transparency

3 Develop code of ethical business conduct

4 Become proactive in ensuring high ethical standards

5 Corporate Responsibility Committee to oversee ethical standards

6 Internal Audit function to assess ethical standards and reputational risk

7 Senior management's ethical standards to be reflected in pay

8 A senior manager to report to CFO on ethical standards programme

9 Processes to be put in place to consider ethical risks in business decisions

10 Review of policies and procedures in areas with potential ethical risks

11 Mandatory selection and management process for advisers

12 Offset defence contracts and advisers subject to due diligence of risks

13 Forbid facilitation payments as matter of global policy

14 Central registers for expenditure on gifts and hospitality

15 Require joint ventures and contractors to adopt ethical code and policies

16 Extend access to ethics helpline to joint ventures and contractors

17 Assess lobbying or campaigns against ethical standards

18 Proactive approach to initiating internal investigations

19 Regular reports on Security Division, assess third party involvement

20 Well-resourced training programme for all staff

21 Leadership role in engagement with defence industry, governments

22 Be open and transparent in communicating all of BAE's activities

23 Commission independent external ethical audit within three years

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