Ethics and Compliance Paper

In the Sarbanes-Oxley Act of 2002, the audit committee is responsible for adequate supervision and reporting and for responding to:

One of Walmart’s strengths is its board composition. Ideally, board members should have industry and consumer knowledge, financial and technological expertise, and CEO experience according to page 30 of the Nadler text (Nadler 10). Walmart’s board has each of these components. Their members have extensive experience in accounting, investing, technology, strategy, law, and international business. Many

On the off chance that I was the CEO of the Wal-Mart Incorporation. There are a few things that I would do to anticipate future moral difficulties, claims, and attention that could harm my organization's notoriety or development plans. (Ferrell, Fraedrich, & Ferrell, 2013). Organizations morals, issues, and conflicts spin around the influences of their stakeholders. My main goal would be to ensure that my company engages in honest and fair dealings. Next, I would make sure that there is no instance of degenerate managing’s within my organization. Anybody discovered participating in degenerate managing’s ought to be let go immediately. I would also do everything within my power to assist my company from being accused of anything by other

This tranfers occurred despite the fact that Rodríguezmacedo was implicated in the bribery allegations. Then the investigatiors silienced and case closed. We might figure out Walmart’s trying to conceal all the thing, as a result, no executive was notified in this case.

Wal-Mart would rather bribe factories money to move on and brush it under the carpet instead of taking responsibility for their involvement. So, one would have to think this is not due to the lack of knowledge of the practices in the factories, but the choice to ignore and not care of these practices. In 2012, Wal-Mart choose to “make payments to Mexican officials of more than $24 million noted by The New York Times and in Asia there were 90 reports within a year and half period” (Sethi) to cover situations up demonstrating that money talks.

First of all, in Walmart, the Board of director is the most powerful governing authority who are responsible for setting the framework and management structure in general. It is committed to be operated in fairness and integrity in order to ensure the shareholders’ trust. Board of directors’ internal duty is to control mechanisms for good governance are adequate. This includes setting up legal existence, establishes company’s vision, key mission, strategic direction, selecting and appointing chief executives, governing the organization via policies and objectives to guide other agencies following up. All strategic decisions of the corporation would be raised and agreed by the board, such as hiring a CEO, approving to do a major financing or acquisition. Its primary responsibility is protecting shareholders’ asset as well as

The Sarbanes- Oxley Act of 2002 helps to make sure that companies are complying with internal control. If a company fails to keep track of their internal control, then they are subject to fines or imprisonment. The act also gives the companies executives the responsibility to make sure that the company has reliable internal controls. Under one part of the law, companies are required to develop sound principals of control over financial reporting and must verify that the controls are working properly (University of Phoenix, Axia College, 2009). Public Company Accounting Oversight Board also helps companies ensure that their finances are in order, because they established auditing standards and regulates auditor activity.

Based on the information that I found on the financial statements, Wal-Mart Stores, Inc. is currently on the rise. They have increased their cash flow while decreasing their long-term debt. Their

Wal-Mart seems to address the fact that there should be a code of ethics. The application of corporate ethical behavior needs to be dealt with on a personal and professional level. The key for Wal-Mart is to help their associates indentify if their actions are right or wrong. They rely on a system of training and business practices started by its founder, Sam Walton (“The NEW Age of Walmart”).

Wal-Mart themselves have claimed that they conduct inspections audits regularly to ensure manufacturing facilities are being run legally and ethically. Their statement is disagreeable as many MNCs, including Wal-Mart, conduct unethical auditing practices when they source from less developed nations. Firstly, audit information on

Wal-Mart broke the code of ethics once in Bangladesh and it 's not good for a company in its long run. Wal-Mart imported clothes from a banned company resulting in which they have to pay a million dollars as a compensation. Ethical behavior is just making good business decisions based on the "code of ethics". Entrepreneurs should have a written code and should strictly stick to it in making decisions. A company should maintain ethics in its supplies. Falsified information and branding should be eradicated. Though investments and profits are important they have to consider customer is as important as the other two.

-Go to Wal-Mart’s web site www.walmart.com and read the information there about the company’s stance on the ethics of Global Outsourcing and the treatment of workers in countries abroad. Then search the Web for some recent stories about Wal-Mart’s global purchasing practices and reports on the enforcement of its code of conduct.

Corporations have always been notorious for questionable for their ethics or lack thereof. Wal-Mart has been a longstanding the poster child for unethical corporation antics. Josh Dicker, freelance writer, author of the book The United States of Wal-Mart (2005), takes a

From watching the film on Wal-Mart and reading numerous scandals from over the years, it is clear that Walmart has its fair share of negative press in relation to breaching code of ethics and labour relations. I have broken down a few scenarios in to low wages, sexual harassment and working conditions. To be clear, this is only a snapshot of the unethical behaviours of the multinational giant as I have found many

I think Walmart has a very bad code of ethics, and they all about the money. They need to step up and join UNI, to have better and more safe manufacturing building with safer warehouses. They should put their employees at such a risk, and they should set a higher pay for all their employees. They make enough money to fix these problems, so, why don’t they? I think if Walmart keep acting so selfish, people around the world will start to notice and act anyway they can and will eventually really start to ruin the Walmart reputation and they will go downhill.