What is the purpose of the Business Ethics Committee (BEC)?

The Business Ethics Committee (BEC) is primarily established to oversee and promote ethical conduct within an organization. Its main focus is to ensure that the organization adheres to high ethical standards in all its operations and decision-making processes. This encompasses evaluating ethical dilemmas, guiding ethical behavior, ensuring compliance with legal standards, and fostering a culture of integrity among employees and management.

By establishing a commitment to ethical practices, the BEC plays a crucial role in building trust with stakeholders, including employees, customers, and the community. Thus, the core purpose of the BEC aligns directly with the responsibility of ensuring that the organization operates with high ethical standards, which is fundamental to maintaining a sustainable and reputable business.

The other choices, while important functions in their own right, do not encapsulate the primary goal of the BEC. Managing financial audits, handling customer complaints, and developing training programs are important operational activities but do not specifically pertain to the core ethical oversight that the BEC is designed to provide.