The Code Of Conduct And How The Corporate Governance Is Respected And Modified

Analyzing GE’s corporate-level strategy from 2001 – present with Jeff Immelt as CEO, GE focuses on the growth and development platforms. Technology is the key driving force for GE’s future and growth. Advancements in industries such as energy, health and aviation fueled demand for cleaner and more efficient energy production. GE identified new markets with potential high-growth that offered attractive returns through strategic mergers and acquisitions. As CEO, Jeff Immelt established a process for identifying projects that offered attractive growth potential which were then nurtured and treated as special projects or initiatives that were not subject to strict budget constraints. Immelt introduced GE’s three strategic imperatives as: (1) sustaining its strong business model, (2) strengthening the business portfolio, and (3) driving its growth initiatives. www.ge.com

We as business owners, management and or in a role of authority must set, address and comply with a solid foundation of ethics. “A code of conduct is the single most important element of your ethics and compliance program. It sets the tone and direction for the entire function. Often, the code is a standalone document, ideally only a few pages in length. It introduces the concept of ethics and compliance and provides an overview of what you mean when you talk about ethical business conduct.”

The General Electric Company is an American multinational company incorporated in Schenectady, New York and the headquarters are situated in

In November 1997, Mattel announced the creation of a global code of conduct for its production facilities and contract manufacturers. Called the Global Manufacturing Principles (GMP), the code covered such issues as wages and hours, child labor, forced labor, discrimination, freedom of association, legal and ethical business practices, product safety and product quality, protection of the environment, and respect for local cultures, values, and traditions. This process led to the development of more than 200 specific standards. They define the compliance parameters for each principle and cover all aspects of manufacturing operations; environment health and safety standards; worker hiring and training; working conditions; working hours, performance bonuses, wages, and overtime; conditions in dormitories and recreational facilities; and non-job-related skill enhancement programs. The China document alone is 60 pages long. Similar compliance documents were prepared for 20 other countries where Mattel had operations. These documents are continuously revised in light of changes in local labor and environmental laws.

Some GE employees in the U.S. are represented by two unions, the International Union of Electronic, Electrical, Salaried, Machine and Furniture Workers - Communications Workers of America (IUE-CWA) and the United Electrical, Radio and Machine Workers of America (UE). Union members were due to vote on a new collective bargaining agreement on June 30th, 2015, which was endorsed by both unions (GE Announces Details of Proposed Labor Contracts, 2015, Para. 1-2). Also, In China, GE has negotiated collective bargaining agreements with the All-China Federation of Trade Unions representing 20,000 GE employees in that nation (Labor Relations - GE Sustainability, 2017, Para. 4).

I received your email in reference to feedback. I understand that you are looking for a comprehensive code of conduct framework which includes the three policies I have already created, standard policies that you feel should be included and additional policies that I feel are pertinent. This is what I have constructed for you. The Code of Conduct usually starts with an opening message or letter from the top CEO (‘s) of the company, briefly stating what the company’s vision or culture is.

Global code of business conduct: It is what the group call it “The Way We Work” and which is considered the group’s conscience(Rio Tinto annual report, 2012).Actually, this code is another global approach to business by consolidatingthe principles, standards and polices to form a mandatory reference for the group’s global operational structure and external parties (consultants-agents-contractors-suppliers). Through whichthe group ensures that its core values (accountability-respect-teamwork&integrity) are expressed and maintained while managing the economic, social and environmental challenges of its

GE under Jack Welch was the most profitable company of its time, but was the wealth it created socially responsible? Was GE looking at different ways to avoided harm to, protect and enhanced

In order to operate ethically in a global marketplace, corporations like Exxon Mobil need to define the conduct that they expect from their officers, executives, managers and employees. Without a defined code of conduct, employees feel forced to use their personal mores to determine what actions they should take in ethically ambiguous situations. Like children on a playground, employees need to know where the fences are so that they can work effectively.

The code of conduct presented to you defines our standards and procedures to help you understand our business practices and your responsibilities as an employee. We encourage everyone to read the code of conduct carefully. All Glam for the Forgotten employees are expected to adhere to the standards described in this code. The code of conduct was designed to make it clear for you to understand your obligations at Glam for the Forgotten. All Glam for the Forgotten employees are expected to comply with the standards described in this code. If an ethical issue should arise, and you are unsure how to handle it, please contact the ethics office immediately. Employees are liable for asking questions if they do not understand how to handle a particular situation.

For the most part the topics discussed in their code of conduct are fairly standard of the codes of conduct I have seen in the past and the section titles do a fairly good job of summarizing their content on their own. In short, their code of conduct instructs there employees to follow the laws/rules, avoid conflict of interest, do not commit insider trading, do not use company assets or information for you own personal benefit, don’t compete with the company, do not except bribes or inappropriate gifts, perform your work in a fair and honest fashion, don’t discriminate or harass, work safe and report accidents/hazards, don’t use or be under the influence of drugs at work, keep accurate records, don’t violate confidentiality, don’t steal company property, be careful to no damage company property, report violations, a guideline for making ethical decisions, and technical details concerning waivers and guidelines specifically for the CEO and senior financial officers.

What do we think about when we hear the words code of conduct? There will be a lot of difference of opinions from different individuals, but I think it is basically what an organization expects from its members. Almost every organization, whether it be a Fortune 500 company, a small restaurant chain, bar, or even a fraternal order, they all have expectations of how each of its members or employees should act among each other and when dealing with customers outside the organization. Most of these principles will be set forth by an organization in their Code of Conduct which will most likely have to be reviewed and signed by you before becoming an employee of the company. Most organizations will impose some type of penalty for those

General Electric Company (GE) is a diversified industrial corporation engaged in developing, manufacturing and marketing a wide variety of products for the generation, transmission, distribution,

Codes of conduct are policies including rules such as maintaining honesty, attitude, and respect (Traveler, 2009) for co-workers, the organization and customers. Only by separation of personal ethical choices in the work place, will an organization succeed and flourish. It is never appropriate for any employee, management or otherwise, to conduct business for personal gain. The people who become harmed lose trust, confidence, and the expectation of themselves and of the people who chose to put their personal ethical choice before the needs of the customer and business.

GE Healthcare is a unit of the wider General Electric Company. It has a global orientation, employing more than 46, 000 staff committed to serving healthcare professionals and patients in over 100 countries. It is headquartered in the United Kingdom (UK)-the first GE business segment outside the United States. It has a turnover of approximately $ 17 billion. The headquarters hosts GE healthcare corporate offices as well as finance, sales, global sourcing departments, X-Ray marketing, manufacturing, design and shipping. The finance and sales departments at the headquarters handle GE Healthcare’s high level decisions, but each modality often has its own similar