Over the past several weeks, you have been learning the various issues the ethic
ID: 403887 • Letter: O
Question
Over the past several weeks, you have been learning the various issues the ethical and legal challenges and factors involving your organization. Your task is to compose and submit an ethical code of conduct plan for your company that addresses the conduct of its employees, vendors, board of directors, key stakeholders, as well as its business operations in general. At this phase, you will be submitting a rough draft of this international business expansion plan for review by your instructor. Take the feedback into consideration from the instructor, and make any changes as you deem necessary.
Your ethical code of conduct plan which will be incorporated into your company%u2019s international business expansion plan should include the different concepts and ideas that have been discussed over the past several weeks in this course. You are to submit a detailed plan covering your operations both nationally and internationally in addition to the conduct of its employees, vendors, board of directors, and its business operations overall. The following points need to be addressed in your ethical code of conduct plan:
The legal regulations of conducting business overseas
The ethical code of conduct for employees and vendors
Guidelines for adherence to EEOC, ADA, and Civil Rights laws
Distinguishing between right and wrong in business dealings and when an action is legal
Identifying the issues surrounding the motivation behind unethical or illegal business operations when the consequences are properly documented
The ethical responsibilities of companies in the marketplace if they are a monopoly or oligopoly.
Anything else that you deem important to support your ethical code of conduct plan. The code of conduct plan should be structured so as to be easily navigable for employees; including headings for each section, a clear description of expected and required behavior, training requirements, method of reporting of unethical or illegal behavior, and consequences of unethical or illegal behavior.
The deliverable length is 1,250 to 1,500 words.
Your ethical code of conduct plan should demonstrate your understanding of the concepts and ideas covered throughout the course.
Explanation / Answer
Business Ethics and Code of Conduct
The Company is committed to conducting business on the basis of morality and to create added value to its shareholders and also to put unwavering efforts to ensure that all stakeholders are fairly treated. The Company has clearly announced that it is the duty and responsibility of all Directors, Executives and staffs presence to faithfully follow the Business Ethics and comply with the policies and practices stated in this Code of Conduct. The Company ultimate goal is to achieve its business objectives for the benefit of all stakeholders including the shareholders and the society.
1. Honesty
Company executives should be truthful to people involved. They should not intentionally mislead or deceive others by distorting information, exaggerating or giving partial truth. Nor should they discriminate against people by doing or abstaining from doing something required to be done.
2. Integrity
Company executives should exhibit their personal integrity and courage to uphold their convictions by doing things they perceive as right despite pressures favoring the opposite. They should be respectable, impartial, and committed to their principles. They should fight for their beliefs and never compromise their principles for any objective that would turn them into deceivers or immoral persons.
3. Trust worthiness
Executives should disclose and provide related information, as well as correct any misunderstanding on facts. They should try in every proper way to fulfill their promises. They should not abuse technical or legal interpretation as an excuse not to cooperate or comply with contractual obligations.
4. Loyalty
Our executives should exhibit their loyalty to the company by dedicating themselves to their respective duties and to its people by providing support and assistance whenever required. They should not use or disclose confidential information for personal advantage. On the contrary, they should maintain the ability to make decisions independently as professionals, avoiding inappropriate conduct and conflict of interest, as well as being faithful to the company and their colleagues. If the executives intend to leave and work somewhere else, they should notify appropriately in advance and treat the company information as important and confidential. They should not exploit their former positions for their own benefit.
5. Fairness
All executives should be fair and just towards all people. They should not use their power deliberately, neither should they resort to cheating or inappropriate tactics to obtain or maintain benefits or advantages from misled or distressed people. Fair-minded executives should disclose the agreements set for consideration and treat everyone equally, be open to disagreeable opinions, willing to admit the mistakes they make, and ready to shift positions and beliefs to appropriate and correct ones, if the situation demands.
6. Concern for others
Our executives should be considerate, sympathetic, kind, and well intentioned to others. As the golden rule says, %u201CTreat others the way you want to be treated%u201D, executives should provide the help that people need. They should also pursue proper means to achieving business objectives in a way that the business objectives are aligned with the objectives and interests of people.
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