The Pros And Cons Of Code Of Ethics

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The last action is employee training. This would require written policies and procedures to be reviewed on a regular basis through education practices such as instructor lead training, web-based training, routine communication and access to all the material via the company’s website. As new employees get hired, orientation should cover all Code of Ethics material and provide an opportunity for question and answers. Throughout the year, any amendments or changes should be communicated via e-mail flash updates, publication in general areas, departmental updates, and updates to the website. Web-based training should be an annual requirement where each employee is required to sign-on and review through the Code of Ethics. The web training would …show more content…

One which is general for all employees and the other specifically targeted toward the company’s CEO and Sr. Financial Officers. The executive code of ethics is an additional set of policies requiring the behavior of honesty and integrity to resolve any conflicts in relationships, both personal and professional. This code also focuses on the financial responsibilities of being compliant with all reporting and documentation required by the Securities and Exchange Commission (SEC) as well as public communication. Executives are required to comply with rules and regulations bestowed by all regulatory bodies, and to immediately report any violations to the Company’s Board or via the ethics hotline. ("TOYS “R” US, INC. CHIEF EXECUTIVE OFFICER AND SENIOR FINANCIAL OFFICERS CODE OF ETHICS," …show more content…

In toy manufacturing, additional policies would include a dress code. When working around machinery, loose clothing, jewelry, long hair, and non-closed toed shoes could result in physical injury. Policies relating to the quality control testing would outline where to take sample parts, how frequently, and how to test the parts with specifics of the acceptable tolerances. Some company policies are written as a result of actions or behavior that caused undo harm or legal action. Policies and procedures are open to ongoing amendments and changes as controlled by the board, company executives, the ethics and compliance officer, and the ethics and compliance

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