Essay on Ethics and Compliance - Hewlett Packard

1696 Words Nov 14th, 2008 7 Pages
Ethics and Compliance - Hewlett Packard

Introduction

How a company conducts business is important. The U.S. Security and Exchange commission has established guidelines for publicly traded companies so investors and creditors have easy access to the information they need to evaluate the risk to invest or extend credit to a company (Kimmel, Weygandt, & Kieso, 2007). In this paper Hewlett Packard’s ethics policy, U.S. Security and Exchange compliance, financial ratios reported in their 2006 and 2007 annual reports, and filing with the U.S. Security and Exchange Commission are examined.

HO Ethical Behavior

According to Mark Hurd, Chairman and CEO of Hewlett-Packard the company wants to be known for ethical leadership
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Section II offers information about market for registrant’s common equity and related stockholders matters, financial data, management analysis of financial condition and results of operations, quantity and quality disclosures regarding market risk, financial statements, and outcome of changes due to disagreements with accountants regarding accounting and financial disclosures and Hewlett-Packard’s control and procedures (Hewlett, 2007).

Section III discloses a list of Hewlett Packard’s directors, executive officers and corporate governance of the registrant, company’s executive compensation, stockholders matters and security ownership of beneficial owners and management, relationship and related transactions, director independence, and principal accountant fees and services (Hewlett, 2007). Section IV Exhibits a list of all the attachments included in the report and the financial statement schedules. The report is certified to be true and accurate by the Hewlett Packard’s chief executive officer and chief financial officer (Hewlett, 2007).

Financial Ratios

In order to evaluate and analyze the financial performance of a company, the first thing to be done is to obtain a copy of the company’s annual report and Security and Exchange Commission filings. With these reports in hand and a fair understanding of their function, the evaluation Hewlett Packard’s financial performance for 2006 and 2007 fiscal

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