Ethical and Socially Responsive Business: Ruby Tuesday's Essay

1089 Words Dec 7th, 2013 5 Pages
Ruby Tuesday’s vision is to provide great value to their guests and a great working environment for their team members by reflecting their core values of Quality, Passion, and Pride in everything the company does. The company adopted a Code of Business Conduct and Ethics to confirm its commitment to conduct business with the highest integrity.
Compliance with Laws, Rules, and Regulations is, to me, the most important area in a company’s code of conduct. Complying with laws, rules, and regulations includes preventing harassment and discrimination, improper payments, and environmental compliance. When companies are in compliance they are not putting themselves at risk of huge fines, lawsuits, and negativity towards their company.
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Ruby Tuesday Inc.’s code of conduct prohibits all fraudulent activity that involves; dishonest acts, embezzlement of the company’s funds, forgery or alterations on checks or drafts, conversion of funds for personal use, unauthorized handling or reporting transactions, and falsification of the company’s financial statements or records. This is significant because again it could result in unwanted fines, lawsuits, and negativity towards the company. If companies are not properly funding their organizations or if employees are embezzling money for personal uses, it is not going to look positive for the company. This could ruin their business in a whole because customers will not want to do business with people that are unethical.
Confidentiality is also an important aspect in a company’s code of conduct. Ruby Tuesday Inc.’s code of conduct states that the protection and proper use of confidential information or trade secrets in its possession are fundamental to its ability to conduct the company’s business. This is significant to business because if workers go around telling people about their secrets and confidential information, they are then telling people how the company runs business, giving the competitors when they need to compete.
Some key steps that Ruby Tuesday’s should use to ensure that employees are following the code of conduct are training and continued training,
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