Policy and Plan Development - Assignment Example

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Policy and plan development Introduction The code of conduct and professional ethics is meant to apply to the employees of a company. It requires that members of the board of directors who are not employees of the company must also comply with the same…
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Download file to see previous pages Sometimes it is important to resolve the issues soon with guidelines that are provided. The employees are advised to talk with their managers and supervisors. They would also consult other important personnel on the illegal or even unethical behaviors. The code purposely to provide a better framework of guiding principles that direct the employees on daily conduct while carrying out their obligations and duties. Especially handling of situations that employees may come across in the workplace may be frustrating. There is a need to have guidance on certain issues that are considered technical. Therefore, those dealing with conflicts of interest may be specified and the procedures posted on the company’s intranet. These policies and procedures are to be included as a reference for the employees and they are subject to being changes or even being the elimination at company discretion. Compliance with the company laws For a company to value its reputation with the applicable government laws and regulations, every employee should comply accordingly while representing the company. The same employee should avoid participating in any conduct that may legally allow is not consistent with the ethics provided by the company. ...
In some instances, conflict of interest has come up when an employee has some interests that may render the performance of his or her work. ECG company executive has violated this code of conduct. The spouse of an executive received improper benefits because of having his husband in an influential position at ECG. It is unethical to have employees and close relatives to have any financial alignments or even having targets to do so. Those who own the minority equity interest in a company which is owned by public and doing business together is not perceived as having a conflict of interest. In addition, an employee should not perform a duty or transaction with a friendly company or an organization that is managed by a close family member. The same would be viewed as the family member has employed the management position and sales into a family affair. In summary, the employees and their family members are not obliged to request or accept discounts, gratuities, gift certificates or other value items and services of the company vendors. As an example portrayed in the ECG company. As we know, because the employees participate in a wide range of activities, it could be very difficult to specify what could constitute to being having a conflicting interest. A conflict of interest has been practiced and existed in ECG Company. This is when the company executive and his spouse show interest in a financial quest in acquiring the Government Allies Company. There are some instances such as invitations to dinner, lunch or other small favors from the suppliers or vendors that are common to the business and have no special or important considerations to them may not be considered ...Download file to see next pagesRead More
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