Ethics
If we look at corporations as an integration of the
human resources they have, and if we are clear that
as humans, we have larger responsibilities - not only
towards people & living forms, but towards environment
& natural resources, and if we appreciate the fact
that personal ethics cover all business situations,
then, it is simple to understand an ethical corporation.
Failure to attend to corporate social responsibility
(CSR) and ethics requirements from the various stakeholders
has often seriously impaired careers of individuals
and image of firms; whether it be through regulatory
actions, market place sanctions, or consumer boycotts.
It is in the own interest of business to give importance
to CSR and ethics, and more fundamentally it is the
right thing to do. Good ethics is good business, and
companies that do the right thing often do better as
a result.
CSRidentity.com is analysing root
issues of Global Fortune 500 companies.
Here is how Walmart looks at Ethics.
(Note : Associates = employees)
The 3 Basic Beliefs
Respect for the Individual, Service to the Customer,
Striving for Excellence
Associates in all areas and levels of business are
responsible for understanding and complying with Walmart
Statement of Ethics. The company is concerned that the
actions or inactions of just one associate who makes
a poor choice can impact the entire company. That’s
why it is committed to sharing the responsibility with
its associates and encourages them to use the resources
such as the Open Door process and the Global Ethics
Helpline. The Global Ethics Helpline is a tool which
is available for raising
concerns confidentially and anonymously, without fear
of consequences.
Each business organization Walmart operates is expected
to have a complete set of policies providing guidance
to associates for whatever country they are working
in. Walmart also publishes several “global policies,”
which are designed to give associates a set of rules
that are the same for all locations. This Statement
of Ethics is an example of a global policy.
The Walmart Statement of Ethics not only is applicable
to its associates worldwide, all members of the board
of directors of Wal-Mart Stores, Inc, the associates
and directors of all Walmart–controlled subsidiaries,
but to all its third parties such as suppliers, consultants,
law firms, public relations firms, contractors, and
other service providers.
Who is Covered, What Law Applies, Associate Responsibilities,
Additional Responsibilities for Management Associates,
Discipline for Violations
Raising Concerns & Speaking Up
Ethics Opinions, Waivers, What happens, How to Raise
a Concern...
Leading with Integrity in Workplace
Alcohol & Drug Abuse, Harassment, Inappropriate
Conduct, Non-Retaliation, Non-Discrimination, Wage and
Hour, Conflict of Interest (COI), COI – Financial Investments,
COI – Personal Relationships with Suppliers, COI – Gifts
& Entertainment,
COI – Personal Relationships with Other Associates,
Walmart Assets.
Leading with Integrity in the Marketplace
Fair Competition
Intentional Dishonesty
Financial Integrity
Insider Trading
Restrictive Trade Practices
Leading with Integrity in Communities
Anti-Corruption
Anti-Money Laundering
Authority to Work
Environmental Responsibility
Health & Safety
Protecting Personal & Business Information
Government Contracts & Inquiries
Political Involvement
International Trade
Media Statements
Go
to Statement of Ethics at Wal-Mart
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