The three-year programme will execute all 23 proposals set out in the report - compiled by former Chief Justice Lord Woolf - which examined the ethical principles and practices of the company.
The report was commissioned by BAE in June 2007, following the Serious Fraud Office’s (SFO’s) controversial decision to drop an investigation into the company’s £43bn Al-Yamamah arms contract with
Commenting on the programme, current BAE chief executive Mike Turner, who will step down from his position next month, said: "Both I and my successor Ian King are determined that BAE Systems is recognised both as a high-performing company in terms of its programme and financial performance and as a leader in standards of ethical business conduct among global companies.
“BAE Systems is proud to conduct its business with integrity and we will continue to ensure we communicate how we are doing this clearly and regularly with our stakeholders."
As part of the recommendations, the company will select an external auditor to conduct an annual review of the implementation progress. In addition, a steering committee - responsible for overseeing the programme - and a number of working groups have been established.
BAE Systems began its initial implementation work when the report was published in May.
