Code of Ethics in Trans World Entertainment Corporation Essay

550 Words 3 Pages
The Trans World Entertainment Corporations is the code of ethics that I will be critiquing. A business code of ethics is a collection of their principles and procedures that they aim to live by. Their policy statement refers to maintaining honor, openness and preserving the spirit and upholding the letter of the law. William H. Swanson, Chairman and CEO of Raytheon Company said “Code of Conduct is the foundation of our Company’s commitment to the highest ethical standards” (Swanson, W., 2008). A few of the key components focus on personal interest and the companies interest to avoid conflicts regarding the interest of the company; avoid candidate kickbacks; maintaining accepted accounting principles; maintain a good reputation and avoid …show more content…
The Trans World Entertainment Corporations is the code of ethics that I will be critiquing. A business code of ethics is a collection of their principles and procedures that they aim to live by. Their policy statement refers to maintaining honor, openness and preserving the spirit and upholding the letter of the law. William H. Swanson, Chairman and CEO of Raytheon Company said “Code of Conduct is the foundation of our Company’s commitment to the highest ethical standards” (Swanson, W., 2008). A few of the key components focus on personal interest and the companies interest to avoid conflicts regarding the interest of the company; avoid candidate kickbacks; maintaining accepted accounting principles; maintain a good reputation and avoid activities that would reflect badly on the company; Honesty when dealing with the company’s assets.

Violation of the code will result in disciplinary action or termination of an employee of the company. Trans World Entertainment expects their employee’s to act honestly and fairly with the high ethical standards provided in the code of ethics. Employees are encouraged to report their concerns if a violation has occurred or face retribution for failure to notify the proper chain of command. They clarify this statement with information the employee can use to anonymously notify management of their concerns
Trans World Entertainment acts in accordance to the letter of the law and guidelines as stated in the code of ethics and expects the
Open Document