Premium Essay

Code of Ethics/ Violation or Not

In: Business and Management

Submitted By domoniquelewis66
Words 841
Pages 4
You Decide: Code of Ethics/ Violation or Not?

DeVry University: The Legal Environment

“One of the central tasks of theoretical business ethics is to provide a conceptual framework that will allow us to articulate more clearly the intuitive sense we all have that "nest-feathering" and similar forms of conduct are unethical, so that we can state with greater precision the nature of the moral obligations that have been violated.” Heath, J. (2009)

In approaching this task, I must clearly state that without any doubt, I agree Mr. John Anderson violated International Widgets’ Code of Ethics, he compromised the fiduciary relationship, and he should be punished. On more than one level Mr. Anderson violated the Ethics policy that he signed and agreed to.
International Widgets’ Code of Ethics clearly states: * “Confidentiality -We are committed to maintaining the highest degree of integrity in all our dealings with potential, current, and past clients, both in terms of normal commercial confidentiality and the protection of all personal information received in the course of providing the business services concerned. We extend the same standards to all our customers, suppliers, and associates.” Mr. Anderson gave personal contact, and business information to this competitor in clear violation. * “Ethics - We conduct business honestly and honorably and expect our clients and suppliers to do the same. We train our employees to be ethical and expect them to always act in the best interests of International Widgets.” By Acting in the best interest of International Widgets, Mr. Anderson would have chosen another route. Maybe going to his superiors or just saying “no” when he was approached. In addition he work on the road is inconsistent with the calculations of the work we see. His time spent and his expense reports seem to tally up to more than the work…...

Similar Documents

Premium Essay

Code of Ethics

...Of A Business Code Of Ethics YourFirstName YourLastName University title Introduction   A chief executive officer cannot simply make the decision that is best for her without considering the interests of other employees, stockholders, customers, suppliers, creditors, and so forth. Integrity is the cornerstone of ethical business practices. Failure to build a business on integrity carries costs. For example, deceptive business practices may harm a company's standing in the community, decrease employee productivity, reduce customer loyalty, build resentment among employees, increase the likelihood of further unethical behavior by employees, and cause scrutiny by government agencies. Although the costs of some of these consequences are difficult to quantify, there is no doubt that they can be substantial. Evaluate chosen strategy King and Spalding is a legal firm that was founded in 1885, Atlanta. It has a total of 800 lawyers across the U.S, Europe, Asia and Middle East. Ethics Programs Companies frequently create ethics programs to establish and help maintain an ethical business environment. Some of the most common elements of ethics pro-grams at King & Spalding include written codes of ethics, employee hotlines and ethics call centers, ethics training, processes to register anonymous complaints about wrongdoing, and ethics offices. Ethics programs may include any combination of these elements. However, according to a recent survey, an ethics program with......

Words: 1270 - Pages: 6

Premium Essay

Code of Ethics

...As a founder in a management consulting firm that caters to non profits, the development of a Code of Ethics became an integral part of our company’s foundation. It is in the best interest of both “for profit” and “nonprofit” businesses to create a Code of Ethics. A Code of Ethics will establish guidelines to management, employees and stake holders. These “rules of conduct” implement organizational structure that will encourage management and employee to embrace loyalty and accountability. This in turn creates mutually beneficial good faith practices as it pertains to its stakeholders. While “nonprofit “companies often obtain their funds from government agencies, they are not without the usual considerations as it pertains to the bottom line. Both “for profit” and “non profit” organizations must balance the scales of fiscal and ethical responsibility. A crucial part of our firm’s success lies in our ability to balance those scales on behalf of our firm’s team and the non profits that we serve. A Code of Ethics for our consulting firm will require all of its associates and management to maintain the highest level of integrity when dealing with each other, security holders, customers and others whom the company conducts business with. The purpose of the code will: * Promote honest, fair and ethical conduct within personal and professional relationships. * Encourage associates to comply with government laws, rules, and regulations. * Allow for......

Words: 1140 - Pages: 5

Free Essay

Code of Ethics

...Iranian Journal of Public Health Tehran University of Medical Sciences The Code of Ethics for Nurses F Zahedi, M Sanjari, [...], and M Vahid Dastgerdi Additional article information Abstract Nurses are ever-increasingly confronted with complex concerns in their practice. Codes of ethics are fundamental guidance for nursing as many other professions. Although there are authentic international codes of ethics for nurses, the national code would be the additional assistance provided for clinical nurses in their complex roles in care of patients, education, research and management of some parts of health care system in the country. A national code can provide nurses with culturally-adapted guidance and help them to make ethical decisions more closely to the Iranian-Islamic background. Given the general acknowledgement of the need, the National Code of Ethics for Nurses was compiled as a joint project (2009–2011). The Code was approved by the Health Policy Council of the Ministry of Health and Medical Education and communicated to all universities, healthcare centers, hospitals and research centers early in 2011. The focus of this article is on the course of action through which the Code was compiled, amended and approved. The main concepts of the code will be also presented here. No doubt, development of the codes should be considered as an ongoing process. This is an overall responsibility to keep the codes current, updated with the new progresses of science and......

Words: 3684 - Pages: 15

Free Essay

Code of Ethics

...CHIPOTLE MEXICAN GRILL, INC. CODE OF ETHICS FOR CO-CHIEF EXECUTIVE OFFICER As the Co-Chief Executive Officer of Chipotle Mexican Grill, Inc. (the “Company”), I acknowledge that the Company is committed to honesty and ethical conduct in all areas of its business and that officers with responsibility for the conduct or supervision of the Company’s financial affairs play a special role in preserving and protecting shareholders’ interests. In furtherance of the above and to the best of my ability, I will adhere to the following principles and responsibilities: • • • Act at all times in accordance with this Code of Ethics and the Company’s Code of Business Conduct, a copy of which has been provided to me; Act at all times with integrity, avoiding actual or apparent conflicts of interest in personal and professional relationships; Address any apparent conflict of interest in personal and professional relationships in accordance with the highest ethical standards and promptly disclose to the Company’s chief legal officer the nature of any such conflict of interest or any material transaction or relationship that reasonably could be expected to give rise to such a conflict of interest; Provide, in the Company’s reports filed with the Securities and Exchange Commission and other public communications, disclosure that is full, fair, accurate, complete, objective, timely and understandable; Comply with rules and regulations of all U.S. and non-U.S. governmental entities and other......

Words: 493 - Pages: 2

Premium Essay

Code of Ethics

...The American Cancer Society Ethics Codes Heather HCS435 – Ethics: Health Care and Social Responsibility April 5, 2010 Professor: Beryl Keegan The American Cancer Society Ethics Codes Every organization, whether it have employees or is based on volunteer work has a code of ethics that it requires its personnel to follow.  The American Cancer Society is no different.  The code of ethics clearly defines the goals and ethical principles of the organization, as well as how to protect an individual when reporting a co-worker who is performing in an unethical manner, also called the whistleblower protection policy.  An outsider’s opinion on enhancing this code as well as ideas on how to make it better is also looked at, so that the code is always clear and maintains understandability. The definition of goals for the organization, within the code of ethics, is very important, as it lays out the groundwork for each society. The American Cancer Society code of ethics sets their goals early on in the code and states that their goal is to “provide evidence of the Society’s commitment to the lawful and ethical conduct of its business and to promote lawful and ethical behavior by its associates” (American Cancer Society, 2008). This particular code is asking each of its members to act honestly and fairly and to exercise the best judgment, care, and skill for the sole benefit of the society (ACS, 2008). In the long run, all this code is asking for is that each member of......

Words: 1224 - Pages: 5

Free Essay

Code of Ethics

...CODE OF ETHICS Compliance is the responsibility of all the Company’s directors, officers, managers, and employees.(Capital One,2011). One is responsible for learning the details of the policies, procedures, laws and regulations applicable to one's job and for seeking guidance when needed. It is important to avoid misconduct that violates the law, this Code, or Company policies, but also the appearance of impropriety. The point, which a subject is not explicitly explained in this Code, does not relieve an employee of their responsibility to maintain the highest ethical standards under all circumstances. If one has any concern about whether their actions or inactions could violate a law, it should be discussed with their manager. While no Code of Ethics can or should replace thoughtful behavior or common sense, it can help cultivate a culture that values and rewards honesty, integrity, and accountability. (Avon, n.d.). The principles detailed in the Code will guide in “doing the right thing” and in preserving the Company’s reputation for acting with integrity at all times. TRADE REGULATION Most states have enacted trade regulation laws to ensure fair competition. These laws prohibit price-fixing and other "anti-competitive agreements, deceptive acts, and unfair competitive methods." (Pension Consulting, n.d.). Some forms of joint activities are legally permissible, but others are not. Under no circumstances, should you illegally or......

Words: 2229 - Pages: 9

Premium Essay

Code of Ethics

...Code of Ethics One word: Enron. Most people that follow business know that corporation’s name. In November, 2001 the company admitted to using faulty accounting that had inflated income figures over a four year period of $586 million and a month later the company filed for Chapter 11 bankruptcy (Maxwell, 2003, p. 1). Enron’s executives were not following a code of ethics designed to help protect against dishonest business practices and unethical principles. Following good common sense and treating others the way that you would want to be treated is good ethical behavior. Ethics, however, always comes down to being a personal choice and making the decision to do what is right, instead of what is wrong. A code of ethics can provide direction for a company on how the company plans to direct and implement its vision and the best way for the employees to help enable that vision. Most companies today post their code of ethics on their websites so consumers can see what they signify and stand up for as a business. Ethical Tone and Structure Costco is a business that many consumers are familiar with. They are a membership chain of warehouses that provide a wide array of merchandise, most of the time that merchandise is purchased in bulk quantities. Their code of ethics is pretty simple. “1. Obey the Law 2. Take Care of our Members 3. Take Care of our Employees 4. Respect our Suppliers 5. Reward our Shareholders” (Costco). Not to difficult and easily manageable. ...

Words: 1350 - Pages: 6

Premium Essay

Code of Ethics

...The cheesecake Factory has an established code of ethical conduct that is an essential factor in maintaining a proper balance in the human aspect of ethics and the link to the business success for The Cheesecake Factory. Corporate leaders need to be careful about their behaviors, how they address others and how they make important decisions. Although all areas of the Cheesecake Factory’s code of ethical conduct is important for the success of the company, there are a few key areas of the company’s code of ethical conduct that are of significant importance for The Cheesecake Factory. The first occurs in Article IV, in the “Conflicts of Interest,” section that pertains to transactions and investments. This specifically states that an officer or a director,” Should avoid participating in any transaction or investment that conflicts with, or gives the appearance of a conflict with, the interest of the company.”(http://investors...) This is key in maintaining ethics because a person who is in a leadership / management position must be loyal to only one organization, otherwise, all decisions that are made are suspect as to the integrity of the choice, especially concerning money matters. A second key area of The Cheesecake Factory’s code of ethical conduct that is of significant importance is in Article V, in the “Compliance with Company Policies and Procedures,” section that pertains to confidential information. It is essential for the success of any company, especially one......

Words: 669 - Pages: 3

Premium Essay

Code of Ethics

...This is what I am expected to do. Assignment 2: Ethics Review In this assignment, you will explore professional counseling ethical codes. You will examine multiple codes of ethics to assist in practicing CMHC in an ethical manner. You will also familiarize yourself with the sections of the codes that govern your responsibilities as a counseling student. Tasks: * Compare and contrast the ACA's, the AMHCA's, and the NBCC's codes of ethics. * Describe your responsibilities as a student as per the ACA's and the AMHCA's codes of ethics. Your final product will be a 3- to 5-page Microsoft Word document written in APA format, utilizing at least three scholarly sources. Your paper should be written in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation. This is the grading rubric Assignment Components | Proficient | Max Points | | | | Compare and contrast the American Counseling Association (ACA), American Mental Health Counseling Association (AMHCA), and National Board for Certified Counselors (NBCC) codes of ethics. | Thoughtful and insightful understanding of the parallels and variations between the ACA, AMHCA, and NBCC codes of ethics is reflected. Accurate analysis and synthesis of the ethical codes reflects an appropriate connection between the three codes. | ...

Words: 1441 - Pages: 6

Premium Essay

Code of Ethics

...At First we should know what is Code of Ethics: A code of ethics forms a part of formal statement showing the value of the organization on the ethical and social issues, than we describe 3 companies which we have chosen Code of Ethics Apple Starbucks Code ofEthics AtFirstweshouldknowwhatis Code ofEthics: A code of ethics forms a part of formal statement showing the value of the organization on the ethical and social issues,than we discribe 3 companies which we have chosen Starbucks conducts its business operations in a volatile and competitive business-environment. The organization is committed to its core values and principles in order to comply with the laws of ethical conduct (Kazmi, 2002). Starbucks Standards of Business Conduct present a brief outline of the ethical and legal standards followed by the organization on a regular basis.Starbucks regularly undertakes an investigation of various kinds of possible violation of its principles, standards, the Financial Code of Ethics and reports under the Procedures (Corporate Ethics and Accountability, 2008). This ensures that all the departments functioning under the organization are working in a proper manner and conducting business in a fair and transparent manner (Starbucks-Standards of Business Conduct, 2008). Code of Ethics Apple Apple is committed to the highest......

Words: 504 - Pages: 3

Premium Essay

Code of Ethics

...However, the loss of revenue, potential loss of a customer, and reducing the impact of the financial loss would prove beneficial to the stakeholders and shareholders of our company. There would be no legal implications since the whistles would remain in our facility until we properly dispose of them. Although we will sustain a small loss of revenue due to the disposal fees, we will have acted ethically and proven our company is socially responsible. In order to avoid future problems regarding ethics, we need to compose a code of ethics or improve the one in place. Our company needs a plan of action that will direct us when facing future ethical violations. In the report that accompanies this memo, you will find my recommendations for an updated code of ethics. To determine what we should include in our statement of ethical conduct, I have analyzed other toy manufacturers’ code of ethics. This is the most effective course of action for our company in order to provide a suitable statement of ethics in which our customers, stakeholders, and employees will find beneficial during our course of doing business....

Words: 780 - Pages: 4

Premium Essay

Code of Ethics

...Professional ethics are a set of rules that concern the rights and wrongs within a given profession. They are known as the professional code of ethics or conduct. Ethics can be both, written and unwritten. The written ethics are basically the morals within a profession. On the other hand, the unwritten ethics are more personal or so obvious that they should not have to be stated. When an individual begins a new profession, they are usually aware of the professional ethics that concern their particular profession. Each individual profession has its own set of written ethics. Some of these professions include accounting, education, legal, and health care amongst many others. If the code of ethics/conduct is violated there are penalties that follow. An accountant’s professional code of conduct from The American Institute of Certified Public Accountants (AICPA) covers a variety of issues. It covers their responsibilities, the public interest, integrity, objectivity and independence, due care and the scope and nature of their services. They have a responsibility to any and all that acquire their services. Accountants also have a responsibility to preserve and strengthen the customs within the profession. As an accountant, they are committed to the well-being of the public (financial community, businesses, investors, employers, governments, creditors, and clients). They are expected to provide them with a quality service that is done with integrity. Their integrity depends upon......

Words: 2482 - Pages: 10

Premium Essay

Code of Ethics

...Code of Ethics Ashley Moorehead, Linda Boucher, Marcia Widger, and Jamie Dudek University of Phoenix Health Care Ethics and Social Responsibility HCS 335 December 17, 2011 Introduction -  The American Medical Association (AMA) has improved public health, invested in the doctor and patient relationship, and promoted scientific advancement for more than 160 years. The history of the AMA is an important narrative, which demonstrates the role the members and the institution have played in the United States in the development of medicine. Public health betterment and the science and art of medicine are the mission of the American Medical Association. In this paper we will describe the code of ethics, general perspective, and mission statement of the American Medical Association. Mission statement American Medical Association goal is to “To promote the art and science of medicine and the betterment of public health.”(2). They have a couple of values they promote as a company. They are Leadership, Excellence, and Integrity and Ethical Behavior. American Medical Association strives to be professional and helpful to patients on all public health issues. General perspective The AMA promotes healthy lifestyles and will continue to develop and conduct scientific research and disseminate to doctors clinical resources related to the treatment and prevention of health issues for the public, like alcohol, and other drug abuse, violence prevention, and obesity. The American......

Words: 1439 - Pages: 6

Premium Essay

Code of Ethics

...Code of Professional Ethics and Conduct Code of Professional Ethics and Conduct The AICPA adopted a Code of Professional Ethics and Conduct made up of various rules to provide guidance to members on the performance of their professional responsibilities (Strayer, 2011). All of the rules set forth by the CPA are enforceable under the AICPA bylaws. These bylaws enforced by the Joint Ethics Enforcement Program which is sponsored by the AICPA and individual state societies for CPA’s. For the sake of this paper we will be looking at four individual case studies pertaining to rule 102 – integrity and objectivity, rule 201 – general standards, rule 202 – compliance with standards, and rule 501 – acts discreditable. Each case covers a violation of one or more of the rules and the enforcement actions taken against the individuals in violation. In 2005, David C Volpe of Stoughton, MA, acting chief financial officer and consultant of Chancellor Corp was found in violation of this rule as well as rule 501, acts discreditable. His actions pertaining to rule 102 were “directly or indirectly made or caused to be made materially false or misleading statements, or omitted to state or caused another to omit or to state material facts necessary in order to make Chancellor Corp’s financial statements not misleading to the outside auditors” (AICPA, 2005). These actions pertain to Chancellor’s financial......

Words: 2045 - Pages: 9

Premium Essay

Code of Ethics

...Code of Ethics Teresa Sieck ETH/ 316 July 2, 2012 Ed McCullough Code of Ethics A code of ethics is a collection of principles practiced and followed by management of businesses and corporations around the world (Spiro, 2010). A businesses code of ethics works with a company’s mission statement and policies of conduct that gives employees, partners, venders, and outsiders an understanding of what the company stands for and believes in (Boylan, 2009). It should address the differences or variations in both company’s industry and its broader goals for social responsibility (How to create a company code of ethics, 2012). It should be strong enough to serve as a guide for employees with questions to resolve issues on their own if needed (Trevino & Nelson, 2007). Wal-Mart is one of the largest corporations in the United States. As one of the largest corporations the company has a social responsibility to their employees, customers, and the community. The code of ethics works with and around these principals. Wal-Mart has three basic principles, 1) respect for the individual, 2) service to the customer, and 3) striving for excellence (What is Wal-Mart’s Code of ethics, 2011). The following is an example of what a code of ethics could be and what values a business may have. Vision Statement: People are assets not possessions; employees, customers, and communities should be treated with fairness, respect, honesty and integrity. The corporation’s global vision is to...

Words: 1066 - Pages: 5