Ethics and Compliance Paper
University of Phoenix (online)
Fin/370 Finance for Business
The Financial World of Disney
Everyone young or old recognizes the name Disney when mentioned. The theme park and vacation spots around the globe are famous for their attractions and tranquility; however, the customers of Disney do not know or care about the financial side of the financial giant. The 10K report is available to individuals wishing to view the document, however only students, stockholders and a few interested individuals actually view the financial report. In this paper team C will view the document, state conclusion perceived from this information and review the ethics by which the Disney Company conducts business. Ethics and compliances with these rules are part of any business and this team will examine and determine the level of ethics compliance the Disney Company possesses. Ethics and Compliance
The role of ethics and compliance in Walt Disney’s financial environment are going to be described within this paper, explaining the concepts and the ethical guidelines from the business side of Disney. Walt Disney is a company that is committed to conducting business with the highest level of standards of business ethics and complying with laws, rules, and regulations. The board of directors promotes ethical behavior, and adopted the Code of Business Conduct and Ethics for Directors. All of the directors must represent the interest of the shareholders of the Walt Disney Company. The Walt Disney Company exhibits high standards of integrity, commitment and independence of thought, and judgment. Dedicate sufficient time, energy and attention to ensure the diligent performance of his or her duties. Comply with every provision of the Code. “Directors must avoid conflicts of interest” (The Walt Disney Company).
Ensuring all of the ethical standards of Walt Disney Company is part of the company’s business practice. The Walt Disney Company is an equal opportunity employer concerning race, religion, color, sex, sexual orientation, national origin, age, marital status, covered veteran status, mental or physical disability, pregnancy, or any other basis is prohibited by state or federal law. The Walt Disney Company has a human resource department that enforces all of the company policies and monitors all harassment prevention and discrimination policies. Anyone hired by the Disney Company receives training on the policies with the business standards and ethics guidelines of the company.
Compliance with Laws, rules and regulations is that the company requires strict compliance by all of its directors. Compliance includes federal and other securities laws, insider trading laws, and the Company’s insider trading compliance policies. Directors are to deal fairly with the Company’s employees, customers, suppliers, and competitors. Manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any use other unfair-dealing practice is not acceptable. The code of the company is mandatory and applies to everyone associated with the Disney Company Procedures that ensure ethical behavior
Team C will describe the procedures which are currently in use with the company to ensure ethical behavior within the Walt Disney Company. The standards of business conduct are explained and divided into several sections that ensure ethical behavior is a top priority for the company and affiliated companies. The first section of the ethical standard discusses the Disney Company quality of care to guests and customers. The Cast Members of the Walt Disney are the employees. The responsibility of the Cast Member ensures all customers are given high quality entertainment and he or she strives to create the best to create the pride in all products and in the...
References: Disney. (2010). 2008 Corporate Responsibility report. Retrieved November 22, 2010, from The Disney Company: http://disney.go.com/crreport/overview/stakeholdersengagement.html
Disney. (n.y.). Standards of Business Conduct,Business ethics. Retrieved November 21, 2010, from Disney.com: http://corporate.disney.go.com/corporate/conduct_standards4.html
Microsoft. (2010). Walt Disney Co: Financial Statement. Retrieved November 22, 2010, from Microsoft Money:http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=DIS
The Walt Disney Company (2010). Standards of Business Conduct – Legal Standards Section B. Retrieved from Disney corporate website: http://corporate.disney.go.com/corporate/conduct_standards11.html
US Securities and Exchange Commission (2010). About the SEC, Retrieved from SEC website: http://www.sec.gov/about/whatwedo.shtml
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