2007gir Business Law Ethics Assignment

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HYPOTHETICAL SCENARIO:
Rough & Tumble Ltd (RTL) is an Australian based global children’s clothing manufacturing and supply Company. As a result of RTL’s 2010 Environmental Impact Statement (EIS), the Board of Directors is concerned about the community effects, ecological impacts and environmental sustainability of the manufacturing processes of the Corporation. The Board want to ensure corporate compliance not only with Australian State and Federal and other international domestic legislation but also with international environmental, human rights and labour based treaties and agreements. The Board believes that RTL needs to do more than just act in accordance with the law. They believe the Company’s reputation and future success will be enhanced if they can show that RTL (and their employees) are world leaders in acting ethically; ranging from how they deal with their suppliers, to the impact the Company has on the environment and surrounding communities. The Board believes this is vital if they are to give shareholders real financial value for their investments. In order to achieve this, in June 2011, the Chief Executive Officer (CEO) of RTL unveiled a new ‘Code of Business Conduct and Ethics’ which all employees are required to follow. -------------------------------------------------

Rough & Tumble Ltd (RTL)
Code of Business Conduct & Ethics

Introduction
The Code of Business Conduct and Ethics (the “Code”) of RTL covers a wide range of business practices and procedures. It does not cover every issue that may arise but it sets out policies to guide all employees (including officers and directors) of the Company. All employees must conduct themselves according to these policies and seek to avoid even the appearance of improper behavior. Under this Code, each employee is expected to, amongst other things: * Engage in and promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; * Comply with applicable governmental laws, rules and regulations; * Be committed to the full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with, or submits to, ASIC and the ASX; and * Promptly report any possible violation of this Code to the appropriate person or persons. Those persons who violate the policies in this Code will be subject to disciplinary action, up to and including termination of employment and, in some cases, civil liability and criminal prosecution. If you have any questions about this Code, you should direct these questions to the Senior Ethics Advisor. 1. Compliance with Laws, Rules and Regulations

Obeying the law, both in letter and in spirit, is one of the foundations upon which our ethical policies are built. Therefore, all employees must respect and obey all applicable governmental laws, rules and regulations. Although employees are not expected to know the details of these laws, rules and regulations, it is important to know enough to determine when to seek advice from supervisors, managers or other appropriate personnel. To the extent this Code conflicts with applicable laws, rules and regulations, employees must comply with such laws, rules and regulations. Please consult with the Company’s Legal Department if you have any questions.

2. Confidential Information
While carrying out their duties, employees will become aware of and create confidential or proprietary information of RTL. This confidential information is developed from significant investment of resources and is very valuable to the Company. As this confidential information provides the Company with a competitive advantage, it must be safeguarded and protected.

3. Company Property
The use of Company funds and/or resources for personal benefit without proper authorisation is prohibited. Employees may...
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