Team Assignment...Ethics and Compliance

Team Assignment...Ethics and Compliance -...

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Ethics and Compliance Paper      1 Ethics and Compliance Paper A. Bertrand, A. Elder, C. Garrison, D. Suggs, and S. Worsham University of Phoenix FIN 370 – Beth Gannouni June 7, 2010
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Ethics and Compliance Paper      2 Ethics and Compliance Paper Intro?? Ethical Behavior Practices The Walt Disney Company prides itself on being the best when concerned with business standards and practices. The company requires all employees to attend business standards and ethics training. Prior to the training, all new Disney employees receive a welcome letter that includes information informing the new employees about trust the general public has in the company. This trust is built on Disney’s commitment to the people, and because of the standards to which the company holds themselves. The letter includes additional information letting the new employee know what is expected of him or her in the area of ethics, responsibility, relationships, high standards, and business conduct. In addition, The Disney Company posts information about their corporate responsibility. This repost is a snapshot of the company’s efforts, where they point out their successes, and they identify the areas they can improve upon. The company views this report as step toward greater transparency and accountability. Processes Used To Comply With Regulations In efforts to comply with SEC regulations, the board of directors becomes involved. A code of conduct is used for the directors to follow. The document starts with an introductory statement saying that “Disney is committed to conducting business in accordance with the highest standards of business ethics and complying with applicable laws, rules, and regulations. The responsibility of the Board of Directors is to oversee the internal controls, preparation, and presentation of financial reports and compliance with applicable laws and regulations. Board
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Ethics and Compliance Paper      3 members are required to be financially literate, with a basic understanding of financial controls
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This note was uploaded on 06/14/2010 for the course FIN/370 SA09BSB02S taught by Professor Edwarddavid during the Summer '09 term at University of Phoenix.

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Team Assignment...Ethics and Compliance -...

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