Ethics and Compliance
Ethics and Compliance Paper
Matt Itter, Sarah Gustafson, Shane Bumgardner, Tanya Baker, Adam Caldwell
Fin 370
August 6, 2012
Christopher Hernandez
Ethics and Compliance Paper
Team B has chosen to analyze the annual filings for Lowe’s Companies Inc. In this paper we will go over the last two years of SEC filings for this company and we will analyze the information provided by those reports. Team B will look at the role of ethics and compliance in the company’s financial environment, we will discuss the procedures that are in place to ensure ethical behavior, we will also take a look at the financial market in the United States that this company operates in. Lowe’s must also ensure that it follows all SEC regulations in order to operate properly in the financial markets within the United States. Lastly Team B will evaluate the last two years of financial statements for Lowes Companies Inc and using financial ratios, calculate the ratios for each year in several categories. This will help Team B determine the financial health of Lowes Companies Inc.
Ethics and Compliance in the Financial Environment
Lowe’s has many practices and procedures in place to ensure financial sustainability. Board members make decisions based on the best interest of the company and the shareholders not the individuals. Committees have been established to audit expenses, salaries, and the practices of the board to ensure ethical decisions are being made to keep Lowe’s financially stable and profitable. Every employee, while acting on behalf of the company, must comply with all applicable governmental laws, rules and regulations, and should avoid engaging in any conduct that, even though legally permissible, is inconsistent with the ethical principles to which Lowe's subscribes (Lowes 2012).
Ensuring Ethical Behavior
Employees participate in a certification each year to maintain Lowe’s Code of Conduct. Each employee must report any unethical behavior witnessed or any
Matt Itter, Sarah Gustafson, Shane Bumgardner, Tanya Baker, Adam Caldwell
Fin 370
August 6, 2012
Christopher Hernandez
Ethics and Compliance Paper
Team B has chosen to analyze the annual filings for Lowe’s Companies Inc. In this paper we will go over the last two years of SEC filings for this company and we will analyze the information provided by those reports. Team B will look at the role of ethics and compliance in the company’s financial environment, we will discuss the procedures that are in place to ensure ethical behavior, we will also take a look at the financial market in the United States that this company operates in. Lowe’s must also ensure that it follows all SEC regulations in order to operate properly in the financial markets within the United States. Lastly Team B will evaluate the last two years of financial statements for Lowes Companies Inc and using financial ratios, calculate the ratios for each year in several categories. This will help Team B determine the financial health of Lowes Companies Inc.
Ethics and Compliance in the Financial Environment
Lowe’s has many practices and procedures in place to ensure financial sustainability. Board members make decisions based on the best interest of the company and the shareholders not the individuals. Committees have been established to audit expenses, salaries, and the practices of the board to ensure ethical decisions are being made to keep Lowe’s financially stable and profitable. Every employee, while acting on behalf of the company, must comply with all applicable governmental laws, rules and regulations, and should avoid engaging in any conduct that, even though legally permissible, is inconsistent with the ethical principles to which Lowe's subscribes (Lowes 2012).
Ensuring Ethical Behavior
Employees participate in a certification each year to maintain Lowe’s Code of Conduct. Each employee must report any unethical behavior witnessed or any
References: Keown, A.J., & Martin, J.D. (2011). Financial Management Principles and Applications (11th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall. Lowes. (2012). Retrieved from http://phx.corporate-ir.net/phoenix.zhtml?c=95223&p=irol- govguidelines