Ethics and Compliance Paper Fin/370

Topics: Balance sheet, Business ethics, Financial audit Pages: 4 (1351 words) Published: September 9, 2012
Ethics and Compliance Paper

Starbucks Coffee Company
“To inspire and nurture the human spirit – one person, one cup and one neighborhood at a time ("Starbucks", 2012).” Starbucks mission is to not only provide the highest quality of coffee but also make a positive impact on the world. Ethisphere Institute over the last six years has selected the World’s Most Ethical Companies and Starbucks has made the list every year. What are the key components that make Starbucks one of the most ethical companies in the world? Starbucks has developed the Standard of Business Conduct guide for their financial environment, as well as the behavior of their employees. Starbucks uses strict regulations and a variety of audits to ensure their accountability. Starbucks financial performance over the past few years proves an ethically responsible company can be extremely profitable. Starbucks has built a reputation as an ethically responsible organization in full compliance with the laws and regulations of the United States. In addition to every country they operate business or buy products in. Starbucks is committed to complying with local laws, regulations and codes. Starbucks also works fairly and honestly with government officials as well as others in the communities they serve (Starbucks, 2012). Starbucks does not only strive to report accurate and truthful financial information but also creates an ethical environment when conducting business outside the country. They are committed to increasing the high quality of coffee by providing benefits to the farmers that produce the coffee. Starbucks gives them a reasonable price that improves benefits to the farmers and strengthens the farming community. Starbucks employees (which they call partner because employees are considered part owners of the company) must ensure accuracy and integrity when disclosing books or financial records to the public and government. Starbucks has put many policies in place to ensue ethical...

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