March 12, 2013
University of Phoenix
Ethics and Compliance Paper
Barnes and Noble is a Fortune 500 company and is the leader in the bookselling arena operating 1,341 storefronts, 636 operations on college campuses servicing over 4.6 million students and faculty, and operates one of the largest ecommerce sites on the World Wide Web. Barnes and Noble employs over 35,000 full and part time employees across the United States (www.barnesandnoble.com, 2011). Barnes and Noble and Microsoft joined strategically to develop the digital platform known as NOOK, a digital book providing customers a multitude of books, magazines, newspapers, and other content via downloads from the Barnes and Noble site. Barnes and Noble provides the customer base with over 6,000 publications of various materials The digital platform demand is growing and Barnes and Noble is pushing operations to deliver products for every inquiring mind be it a professional, college student, children, young and old, and everything in between. The digital age is here to stay; it is taking over paper products by leaps and bounds. This digital age is providing opportunity for development in hardware, software, and delivery speed for web designers and network designers. Barnes and Noble increased total sales in 2011 by 20.5% or $1.91 billion over the 2010 annual report of $5.81 billion (www.barnesandnoble.com, 2011). The decision to close low performance stores increased higher performing stores sales by $25 million, and the digital expansion in products, toys and games increased sales by 0.7% off setting the decline in paper products (www.barnesandnoble.com, 2011). Ethics and Compliance
Barnes and Noble supports a strong community alliance by hosting thousands of literary and cultural events nationwide. Community involvement for Downs Syndrome, reading programs, book drives, and storytelling are important to the Barnes and Noble family (www.barnesandnoble.com, 2011). Together with vendors, subsidiaries, and affiliates Barnes and Noble manages commercial dealings with the highest regard for the law, establishing ethical standards and code of conduct for all to follow according to the law. All employees, management, and senior executives are required to follow the code of ethics as set forth by Barnes and Noble. The code of ethics includes compliance with regulations and laws, insider trading, competition, employment, environment issues, confidentiality, and record keeping (www.barnesandnoble.com, 2011). Barnes and Noble complies with all laws and regulations expecting the same commitment from all employees. Any violations will subject to disciplinary actions, and may also include termination of employment. The legal department provides more resources for inquiries not answered on the website. Being ethical
It is important for Barnes and Noble to be ethical in their business practice at all level in the company. From top down all level of the company must adhere to the Code of Business Conduct and Ethics. There are seventeen important major categories in Barnes in Noble’s Code of Business Conduct and Ethics. These categories outline the business practices for Barnes and Noble to ensure that it is ethical and lawful.
The first most important standard is to be compliance with the laws, rules, and regulations in which the industry Barnes and Noble operates in. Barnes and Noble encourage charitable causes as it stated in their Code of Ethic, “Barnes & Noble encourages you to participate in projects and causes that help your local community” ("Code of business," 2010). Barnes and Noble is fine with competition and fair dealing as they, “seeks to outperform its competition fairly and honestly, and to obtain competitive advantages through superior performance, never through unethical or illegal business practices” ("Code of business," 2010).
Barnes and Noble is an equal employment employer and as well as promotes safe working conditions. It...
References: Barnes and Noble. (2005). SEC Filings. Retrieved from http://forinvestors.barnesandnobleinc.com/edgar.cfm?DocType=&DocTypeExclude=&SortOrder=FilingDate%20Descending&Year=&Pagenum=1
Code of business conduct and ethics. (2010, December 15). Retrieved from http://www.barnesandnobleinc.com/for_investors/governance/code_of_ethics/code_of_ethics.html
Http://www.ag.ny.gov. (2012). Retrieved from http://www.ag.ny.gov/consumer_frauds/how-financial-markets-work
Http://www.investopedia.com. (2013). Retrieved from http://www.investopedia.com/terms/f/financial-market.asp#axzz2N9rm3epZ
Mayo, H. B. (2012). Basic finance: An introduction to financial institutions, investments, and management (10th ed.). Mason, OH: South-Western.
www.barnesandnoble.com (2011). Barnes and Noble Annual Report 2011. Retrieved from http://barnesandnobleinc.com/for_investors/annual_reports/2011_bn_annual_report
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