1) LBS welcomes and encourages a wide pluralism of views and methods among its lecturers. But in order to carry out its mission, LBS also wants to ensure a basic coherence among all aspects of the teaching imparted in the School.
2) At LBS, the fundamental unifying factor is provided by the Christian vision of man, society and economic activity - a view that can be shared by all people who, independently of their religious beliefs, recognise a spiritual dimension in human beings. This vision and the values that accompany it are conveyed to participants in our programmes not only through the ideas espoused in the classroom but also through the personal example of all LBS staff. Accordingly, it is a condition of employment in LBS to avoid any discrepancy between one’s public lifestyle, actions and - in the case of lecturers - teachings and the fundamental tenets of Christian doctrine as officially taught by the Catholic Church.
4) The Prelature of Opus Dei, an institution of the Catholic Church, takes responsibility for guaranteeing that the Christian vision actually underlies all teaching, publishing, research and other activities of the School. The Prelature of Opus Dei also provides, through chaplaincy activities, Christian formation to those members of staff and participants in LBS programmes who freely wish to receive it.
5) LBS is a non-denominational institution in which people of many different religious beliefs can and do work together as members of faculty, administrators and participants in its programmes for as long as they can conscientiously agree with the following basic principles:
a) Human beings are moral beings whose behaviour is not mechanically determined by either internal or external factors and who cannot attain fulfilment if they restrict their activity to the pursuit of their own individual interests.
b) The purpose of business organisations is not restricted to generating profit for their owners nor can the objective of maximising profit be the supreme standard of decision. Business organisations are members of larger societies and must contribute to their common good. The activities of business organisations must also be compatible with - and contribute to - the full human development of those who work in them.
c) Business organisations are not mere production units. First and foremost they must be human communities where all have an opportunity to participate and contribute responsibly to the common good of the organisation and that of society.
d) Business organisations are not justified in creating and marketing products or services by the mere fact that a demand for them exists or can be created. The value of the organisation's activity ultimately depends on its serving authentic human needs and values.
e) Business organisations must respect the dignity of all the human persons (employees, customers and suppliers...) with whom they relate in the exercise of their activity. A person's dignity is not respected when one chooses to harm him or her, even if this is done as a means to attain some desirable objective. When harm to a person results as a collateral effect of an action which pursues other objectives, the dignity of the person harmed is not respected if that action has been performed without a serious, proportionate reason.
6) The following principles guide the governance and management of LBS:
a) Decisions are taken in a collegial manner.
b) Work in LBS is based on teamwork among persons and among departments. Participation is encouraged at all levels of decision-making.
c) Authority is conceived as a service to society and to all members of the School, and is exercised in a way that is respectful of the dignity of subordinates. LBS seeks to foster the full professional and human development of its employees by creating avenues and opportunities for it.
d) The staff of LBS are people with personal integrity, spirit of service, spirit of hard work, civic responsibility and love for freedom. They are hired and promoted on the basis of these qualities and of their potential or actual contribution to the development of LBS.
e) In so far as it may be compatible with its primary mission, LBS will try to help other voluntary projects which serve the common good of the Nigerian society through contributions of money, personnel, consultancy services, etc.
f) LBS is a not-for-profit organisation. Any surplus resulting after covering its own costs and making appropriate contributions to other voluntary projects in accordance with paragraph 6 e) will be re-invested in the School.
7) The following principles guide the teaching activity of LBS:
a) It is a basic aspect of LBS' mission to form socially responsible managers by placing special emphasis on business ethics. All lecturers share in the responsibility to try to inculcate ethical professional principles in the participants in LBS programmes.
b) Participants in LBS programmes are encouraged to understand the management profession as an opportunity of service to society and to the other members of the organisations in which they work.
c) The greatest respect is accorded to the freedom and convictions of each participant in LBS programmes. Accordingly, within the framework of the common beliefs spelt out in this document, a diversity of view-points and of possible solutions to problems will be welcomed and positively encouraged by the faculty in all programmes.
d) It is in keeping with the spirit of respect for the freedom of all and with the promotion of careful and impartial research that party politics are totally avoided within LBS. On a personal basis and acting outside LBS, staff are free to be members of any political organisation of their choice and defend their political ideas
e) LBS faculty will always encourage and demand hard work and high professional standards from participants in LBS programmes.
f) Academic staff will give priority to their teaching duties and will strive to make time available in order to provide personalised attention to participants.
g) LBS will strive to make it possible that all persons who have the necessary intellectual and human qualities may be able to participate in its programmes irrespective of their economic means and of considerations of race, tribe, sex, ideology and religion.
8) The following principles guide the research activity of LBS:
a) LBS will promote, especially, research that is relevant to the problems facing African societies and will give priority to work which aims to develop concepts and techniques appropriate for the African environment and likely to have a real impact on professional management practice in Africa.
b) Interdisciplinary co-operation among lecturers, across departments and with other research institutions inside and outside Nigeria will be fostered.