Corporate Code of Conduct Policy Essay

1292 Words 6 Pages
Code of Conduct guidelines must be practical, compliable and of dynamic essence. The guidelines should encompass a reactive and proactive approach, thus should consider past experiences that touched our organization’s fiber, as to future challenges and potential risks that could be avoided or minimized if we plan ahead.
Even though our Code of Conduct prefers to display a proactive envision, the truth is that we are unable to provide for every single situation that we’ll encounter while fulfilling our responsibilities. Very honestly, we believe that there is no Code of Conduct that could hold all the potential risks, issues and ethical dilemmas that may arise in an organization. Nevertheless, we also believe that is possible to keep our
…show more content…
Although these practices are illegal, they are not necessarily defined as criminal acts.
b) Sherman Act: This legislative piece pretends to restrict dominance that could restrict competition. It has a broad application and it prohibits monopolization, as to any activity that intends to exclude a competitor. The Act declares that is illegal to perform any conspiracy to confine trades or commerce, to induce a market absolute control, as to intent to deprive market rivalry.
c) Clayton Act – This legislative precept supported Sherman’s Act by providing a robust and broader spectrum. In this case it forbids price variation, rebates and discounts that would benefit only a group of clients while discriminating over others. Among other things, it proscribes the practice of having same individuals serving as directors in two (2) or more competing firms (interlocking directorates), outlawed mergers that could reduce competitions or monopolize the market and forbids exclusive dealing.
Whereas doing business in a Capitalist sector, it would be misleading to believe that we carelessly

More about Corporate Code of Conduct Policy Essay

Open Document