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

1361 Words6 Pages
Abstract

This paper will discuss the code of conduct in place for G.E. It will define the ways in which the code is adhered to and how the corporate governance is respected and modified. This will define the principles of a code of conduct per the module and the code of conduct for General Electric will be defined on how GE delivers its code of conduct and how it is either modified or updated continuously. General Electric Corporation has a code of conduct in place as follows:
““GE’s commitment to total, unyielding Integrity is set forth in GE’s compliance handbook, The Spirit & The Letter. The policies set forth in The Spirit & The Letter govern the conduct of all GE employees and are supplemented by compliance procedures and
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No matter how high the stakes, no matter how great the challenge, GE will do business only by lawful and ethical means. When working with customers and Suppliers in every aspect of our business, we will not compromise our commitment to integrity. ““ (General Electric Compliance Resource, 2009).

General Electric has the bullet points from above on every business divisions website and the Code of Conduct for GE in consistent for all their employees. In other words, no adjusted codes based on various countries throughout the world. This also brings one to believe that employees will sign the agreement and be held accountable at all levels of the organization as well. It would seem that it does not allow special privilege as an option to opt out of participating and adhering to their code of conduct. Supposing one would want to opt out, it would be making a statement that they do not agree and therefore cannot work for General Electric. There are other codes of conduct for suppliers and vendors of multinational corporations. GE has various codes of conduct in place for these.

According to Multinational Management: A Strategic Approach:
“General Electric has their code of conduct policies ranked sixth in the world for the Fortune 500 companies to work for.”(www.ethisphere.com). It is involved in transportation equipment manufacturing, electrical products
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