Ethics and Compliance Paper - Essay Example

Ethics and compliance Ethics and compliance Pepsi- Cola as a company with its mission ment of providing the best products has ethical codes to be complied by the employees while allowing them financial rewards. The company strives to act with fairness, integrity, and honesty while obeying the countrys law. Their code of ethics encompasses reporting of violation of code of conduct, confidential information, and insider trading among many more. To ensure financial ethics, the employees and the company have an agreement on maintaining all the financial information confidential.

This enables the company to conserve information about new products from their competitors. The company also ensures abiding by the codes of ethics through the set integrity standards. In its quest to comply with the companies stated code of ethics, Pepsi- cola makes the financial report available to the shareholders for evaluation of their financial performance. The company believes in operating under strict ethical standards while ensuring accountability to customers and shareholders. The ethics in the Pepsi cola financial environment are initiated through the maintenance and presentation of financial statements to the board of directors (Reinemund, 2003).

The has Internal control committees that govern and ensure production of the right financial reports on time. The company has insights on the compliance of financial regulations through the expertise in different departments and assistance from the internally controlled systems. In ensuring ethical behavior within the company, the audit department reports any issues concerning the internal quality of the board, which in turn subjects the reports to financial professionals. The company stresses the need of performance with purpose hence delivery of sustainable growth.

Pepsi Cola in complying with their ethical standards they have worked hard in reducing carbon footprint and by giving back to the society. Pepsi cola also ensure that the employees have the option of healthy living in that they believe in giving back to the society increase and improve their performance. They have also invested a lot in ensuring that the environment is not polluted by the companies hence reduction in packaging weights and water usage. ReferencesReinemund, S. (2003). PepsiCo Worldwide Code of Conduct.

Pepsi, The Company, 5. Retrieved on 3rd Dec 2012 from: http://www.secinfo.com.