In this task, you will select and analyze an established company’s code of ethics, analyze how an employee would raise an ethical concern within an organization, and consider current laws with respect to whistleblowers.
Scenario:
You are an experienced ethics officer who has recently been hired by an established company. You have been tasked with analyzing the company’s current code of ethics and identifying areas in need of improvement.
Requirements:
Prepare a report (suggested length of 6–8 pages) in which you do the following:
Analyze Walmart’s code of ethics by doing the following:
Analyze how well the chosen company’s code of ethics covers the topic of corporate social responsibility (CSR).
Identify three resources available to employees to use when raising an ethical concern and discuss which resource you would most likely use to report an ethical concern.
Discuss three factors an employee might consider before deciding to report unethical conduct observed at work.
Describe three internal steps (i.e., inside the company) an employee could take if they decide to report or blow the whistle on misconduct or unethical behavior in the workplace.
Describe two possible external actions (i.e., outside the company) an employee can take to report or blow the whistle on misconduct or unethical behavior in the workplace.
Analyze one advantage and one disadvantage of paying whistleblowers. Base your analysis on one of the following laws:
False Claims Act
Dodd-Frank Wall Street and Consumer Protection Act
Analyze the changes that organizations have made based on the U.S. Sentencing Guidelines.
Discuss three culpability factors that are used to determine fines under the U.S. Sentencing Guidelines.
Acknowledge sources, using in-text citations and references, for content that is quoted, paraphrased, or summarized.
Answer preview
Moreover, personnel are interviewed to ensure SOX compliance standards are maintained. Internal controls are significant to maintain financial data integrity. Achieving the legal mandate specified under the SOX promotes investors’ confidence and stakeholders’ trust. Another major compliance is the Whistleblower Protection Act to guarantee no retaliation for staff and contractors reporting fraudulent activities. Unethical practices by associates and contractors have a critical impact on the organization. Walmart has established significant policies to ensure high standards of ethics and compliance among the staff by building trust (Walmart, 2022). The Walmart code of conduct (2021) included compliance policies for the associates. The first policy is financial policy compliance includes the commitment of Walmart to comply with regulations like SOX within all jurisdictions.
