Executives of the company
The second area of focus of Walgreen’s ethics policy is on confidentiality and privacy. The purport of this proviso is to protect and secure how the employees’ personal information is disclosed or used by the company. Additionally, it seeks to protect the company from misuse of its sensitive information by unscrupulous employees (Walgreen Co, 2010b). Towards this end, the policy bars employees from disclosing to external parties or using for their own personal ends proprietary or confidential company information.
Such information may be financial in nature, may consist of new ideas, the strategies of the firm, its policies, procedures, medical records of any of the employees, software source codes, legal agreements which the firm has entered into with external parties, business processes, and so on (Walgreen Co, 2010b). The third area of focus of Walgreen’s ethics policy is on computer security. In this regard, the policy requires the employees to adhere to all laws established in the US which relate to the use of computer software as well as systems.
It prohibits the copying of any software by any of the firm’s employees, unless such software has specifically been licensed for use by the company. This policy also prohibits the employees from using the firm’s computer systems for their own personal rather than the organization’s business. It bars employees from downloading or transmitting from Walgreen’s computer systems any copyrighted material such as software without the explicit permission of the company’s management (Walgreen Co, 2010b). The other area upon which the policy ethics focuses upon is on conflict of interest.
Walgreen’s ethics policy requires that when dealing with external stakeholders such as customers or suppliers, the firm’s employees must not be influenced by their own interests but must do what best for the interests of the organization. They must have no personal relationships, contacts, or interests in the entities or with the persons with whom they transact business on behalf of Walgreens. Further, the policy requires that if any of the employees holds shareholding interest in any of the firm’s suppliers or competitors, such shareholding must not exceed 0.
5% of the total capital of that organization. The policy bars Walgreen’s employees from transacting business on behalf of the firm with any of their relatives, unless if such a relationship has been disclosed beforehand and the appropriate green light for that transaction given. Further, the company’s employees are prohibited from conducting any form of business that directly competes with Walgreen, or from using their status or position in the company for personal gain or enrichment (Walgreen Co, 2010b).
Another area which Walgreen’s ethics policy focuses on is the issue of gifts. As far as gifts are concerned, the policy prohibits the firm’s employees from accepting any form of gift from any person or organization with whom the company does business with. The only exception to this rule are the loans that are advanced by commercial banks. This policy also applies to the senior executives of the company. Additionally, the policy prohibits the top executives of Walgreens from taking loans or advances from the firm (Walgreen Co, 2010b).