BT Group publishes a code of ethics.
Based on their actions, maybe it should say "this space intentionally blank" but what it does say includes:
"The Chief Executive Officer, Group Finance Director, the Director Group Financial Control & Treasury, direct reports to the Group Finance Director and the lines of business Finance Directors will:
* act with honesty and integrity, including ethically handling actual or apparent conflicts of interest between their personal relationships or financial or commercial interests and their responsibilities to BT;
* promote full, fair, accurate, timely and understandable disclosure in all reports and documents that BT files with, or submits to, the U.S. Securities and Exchange Commission or otherwise makes public;
* comply with all laws, rules and regulations applicable to BT and to its relationship with its shareholders;
* report known or suspected violations of this code of ethics promptly to the Chairman of the Audit Committee; and
* ensure that their actions comply not only with the letter but the spirit of this code of ethics and foster a culture in which BT operates in compliance with the law and BT's policies."
Ben, how does the Phorm work fit this ethical policy?
In particular, what about "ethically handling actual or apparent conflicts of interest between their personal relationships or financial or commercial interests and their responsibilities to BT;"?
How does Stratis's career move (which BT and Phorm presumably knew about when BT started trialling Phorm) line up with your ethical policy?
The public want to know. In particular, your longsuffering stakeholders (employees and shareholders) want to know.