Company Ethical
Policy Violations
Maintenance of correct ethical and
legal code of conduct is vital so as to ensure smooth operations of
a company and prevent any adverse effect upon the organization.
Every company has a corporate ethical policy where all the ethical
and legal obligations, practices and principles of the company are
codified. The corporate ethical policy is designed to provide
company’s directors, officers, employees, representatives,
shareholders, customers, suppliers and even the general public with
a statement of the company’s commitment to conduct ethical business.
It is the fundamental responsibility of all the employees and
representatives associated with the organization to abide by these
policies.
According to a company’s ethical
policy, every employee should maintain confidentiality of
information. This includes trade secrets, intellectual property
rights, strategic corporate plans and product information that might
be harmful to the company if shared with the external world or
individuals. Every employee should work towards proper utilization
and better management of company’s resources, funds and assets. One
should never indulge in any sort of activities like misusing
company’s funds, damaging company’s assets, carelessness and
wastage. An employee should not indulge in any illegal
discrimination or unfair attitude towards fellow employees.
Conflicts with the management and corruption are also not
entertained. Maintenance of accurate books and records is an
obligation that every employee of the company should adhere to.
Records should not contain any false or misleading entries.
Every company has a legal ethics
committee that deals with all the issues pertaining to violation of
corporate ethics policy. However, violation of laws, rules and
regulations can also be reported to the Chairman or the Director of
the company. Any staff members violating ethical policy are
subjected to appropriate disciplinary action that might even include
termination from the service. |
