Tyco International

Laurie Sigel has been appointed as a senior vice president for human resources in Tyco International effective from January 2nd 2003. Tyco International CEO and Chairman Edward D Breen (July2002 to September 2012) hired new set of managers, after he fired the entire board of directors and the leadership team whoever accused of things like granting unauthorized bonuses and involving in an accounting scandal for using the company funds as personal fund. The new team has been challenged to address the issues. One of them was Laurie Siegel has asked by CEO to take over the human resources operations. Her first step was to draft a company code of ethics. Ms. Siegel did not write Tyco’s new ethical policies. Tyco has never had a companywide computer system or even an intranet. Far more troubling, it did not have a strong corporate governance function or a bonus system that made any real sense. ''There was no question that the rules of the road had to be first on the plate,'' she said. As first step, MS. Siegel didn’t make the new ethical polices, but she recruited a department (internal auditors) who can enforce the ethics and values on to the employees though ethics training sessions and make the employees clear about the ethics and code of conduct. She framed strict laws and disciplinary actions for who violates code of conduct and practices unethical actions. She has requested compensation team to revise the Tyco’s current compensation policy and the system that awards the huge bonuses to anyone who ''somehow drove the numbers up'' with one based on assessments of how managers set and meet goals. Tyco's bonus budget for the fiscal year that ended on Sept. 30, 2003 was reduced by $90 million, or 25 percent when compared to last year. She has responsibility to take forward the company in the core areas like improving skills of employees, Compensation, befits, developing leadership qualities, effective administration, executing a strategy to restore the confidence of