Hello
As an adviser to institutional investors concerned about this sort of thing, one suggestion I would have for you is to be honest, admitting real on the ground problems with suppliers and set out the steps you are taking to solve the problem. Take as an example the situation with high tech companies who use coltan. When it was revealed that a number of companies had purchased the coltan ore that came through a chain of suppliers originating in the Congo, there was a bit of an uproar. One company, I think it was Hitachi, immediately took responsibility for having purchased the material and set in process steps for preventing it in the future.
From our perspective, this was much more important than a written policy because it showed that, even when a company erred, they didn't sweep it under the rug.
I realize this doesn't answer your primary question but it serves as an adjunct to your overall effort to deal with this challenge.
Good luck.
John
|