Ethical Program at Wal-Mart
As discussed above that the Wal-Mart is the target of many controversies because of its policies on employment and its influence on the economy as a whole. However, in order to properly address this issue, we need to analyze the ethical program based on following parameters: Code of Ethics Code of ethics of the company outlines many important policy parameters for the organization.
One of the most important elements is that of the non discrimination as well as open door policy however its practices are most of the time perceived against its code of ethics. There are 10 main areas of the code of ethics of the company comprising of following areas: (Wal-Mart, 2005) 1) Follow the law all the time 2) Be Honest and Fair 3) Never Manipulate, misrepresent, abuse or conceal information 4) Avoid conflicts of interest between work and personal affairs
5) Never Discriminate against anyone 6) Never Act unethically- even if someone else instructs 7) Never ask someone else to act unethically 8) Seek assistance if you have questions if you face ethical dilemma – this parameter of the code of ethics of the company is for the directors and employees of the organization to follow. 9) Cooperate with any investigation of possible ethical violation 10) Report ethical violations etc
The code of ethics of the company is quite wider in its scope as its statement of ethics further discuss the issues like the responsibilities towards the shareholders of the company in terms of its duties to shareholders, financial integrity, conflict of interest, gifts, trade secrets as well as insider trading policies. The statement of the ethics of the company than goes on to discuss the responsibilities of the company towards its fellow associates in terms of dignity and respect, Non discrimination, wages and hours of working, Immigration, privacy, use of drugs as well as fraternization.
The statement of ethics of the company also includes the ethical responsibilities of the company towards it suppliers in terms of relationships with the suppliers, payment terms as well as environmental and safety issues. Code of ethics of the company comprehensively discusses above elements in greater details and attempt to provide a detailed analysis of the various ethical policy parameters of the company.