THE NAB: ARRESTED DEVELOPMENT | News: Tom Maksymiw on Exam Feedback
Beaver Issue 825 | 27.01.15
the
newspaper of the LSE Students’ Union
LSE Ethics Code ‘Streamlined’ Megan Crockett News Editor
Beavers On the Loose!
Beaver editor Jon Allsop, PartB editor Jade Jackman and former Comment editor Seb Ash made it to Vienna for free in 36 hours on the RAG Jailbreak this weekend, coming third overall. The event was being staged for the first time at LSE at the end of RAG Week, Photo Special page 12
A C A M PA I G N TO B E launched by two London School of Economics (LSE) postgraduate students, Aysha al-Fekaiki and Noelie Audi-Dor, calls into the question the School’s commitment to ethical investments. The campaign alleges that the School’s Ethics Code has been ‘streamlined’ in a series of meetings subject to confidentially agreements where paragraphs S2.6 on its commitment to human rights, S2.2 on anti-bribery, S2.3 on restricting parental and student donations as well as changing its dedication to sustainability were edited out or watered down. The campaign claims that “the new guidance document which is to be taken with the 2014 Ethics Code, is not legally binding and therefore permits LSE’s Ethical Policy Committee to allow investments into unethical and unsustainable funds”. The LSE bolstered its ethics code in the wake of the 2012 Gaddafi scandal and Woolf Report, yet the campaign alleges that the Ethical Policy Committee has diluted the binding clauses regarding investments made by the School. The streamlined Ethics Policy, the campaign suggests, tacitly permits investments in companies that formally may have been prohibited because of human rights,
bribery or sustainable concerns. The School does have a “programme of anti-bribery training” with over one hundred staff receiving the training in 2014, in addition to UK legislative obligations. Stephanie Allison, LSE Ethics Manager, told the Beaver “The Ethics Code continues to reflect the School’s commitment to a broad range of human behaviours including human rights, anti-bribery and anti-corruption. They remain an integral part of the Code, are included in policies referred in the Code and are embedded in separate guidance being developed that links to the School’s six core principles ... Jay Stoll also sat on the review group, giving the opportunity for student views to be fed into the process. Further consultation took place with student representatives through the School’s Court and Academic Board. In addition an open meeting was held with students which was publicised widely by the SU”. The campaign is putting forward a motion on the topic, suggesting that “This Union believes the new Ethics Code is legally insufficient due to its simplification for LSE’s ethical and sustainable standards and values” also, “[the] confidentiality contracts which bind members of the Ethics Policy Committee is not a transparent process and dangerous to the reputation of the School”.
Comment: LSE’s Morals Are at Stake: The Only Way is Ethics LSE’s ethical commitments are in doubt, and students should come together to fight for them
Aysha al-Fekaiki
LSE’S ETHICS POLICY Committee have radically changed the Ethics Code under a policy of ‘streamlining’. Removed paragraphs include: S2.6 on its commitment to human rights, S2.2 on anti-bribery, S2.3 on restricting parental and student donations, and changing its dedication to sustainability after they were found to be “problematic”.
We all know fully well the Gaddafi scandal that brought LSE’s ethical reputation into serious question. The Libyan dictator allegedly pledged a substantial donation of £1.5 million in exchange for granting his son Saif Gaddafi, a fake PhD. Following this scandal, and given the immense reputation damage LSE suffered as a result, the school’s management should be
Features PARTB
reaffirming LSE’s commitment to ethics and transparency, and expanding those commitments across the school. Instead, the school seems to be attempting to weave its way out of having to meet what would be considered fairly minimal demands in terms of ethical standards. The Ethics Manager at LSE attempted to assure us that the removed principles have been
Labour’s confused Review: LSESU Drama immigration stance Soc’s ‘A Slight Ache’ Page 25 Page 18
placed into a separate guidance document which supposedly states LSE’s acknowledgment of human rights, anti-bribery and sustainability. Effectively, LSE can still pursue unethical investment decisions as it is purely a set of advisory principles that are not legally binding, and yet to be released. Continued page 9