Corporate Code of Conduct Policy Essay -- Business Ethics

Code of Conduct guidelines must be practical, compliable and of dynamic essence. The guidelines should encompass a reactive and proactive approach, thus should consider past experiences that touched our organization’s fiber, as to future challenges and potential risks that could be avoided or minimized if we plan ahead. Even though our Code of Conduct prefers to display a proactive envision, the truth is that we are unable to provide for every single situation that we’ll encounter while fulfilling our responsibilities. Very honestly, we believe that there is no Code of Conduct that could hold all the potential risks, issues and ethical dilemmas that may arise in an organization. Nevertheless, we also believe that is possible to keep our dynamic approach while polishing our guidelines with current market trends, social evolution and whereas encountering probable loopholes that could induce to certain reproachable situations, among other considerations. With this nuance, we are to discuss potential elements of federal scope that should be considered and included in our Code of Conduct. In other words, after contrasting the nature of our business, the Code of Conduct guidelines, with our Federal legislations and consequently, evaluating potential risks; we have identified several key-points that must be carefully measured. It is important to emphasize that for current discussion purposes; we will not cover the whole context of the law, but rather, will only offer a brief summary with sound key-points that are being use to amend our Code of Conduct guidelines. Our Code of Conduct amendments will include the following precepts: a) Refusal to deal, exclusive dealing and pricing discrimination b) Insider trading c) Mail f... ...ctionary of Law. Retrieved from http://www.credoreference.com/entry/collinslaw/federal_trade_commission_act Federal Trade Commission Act of 1914. (2003). In Wall Street Words. Retrieved from http://www.credoreference.com/entry/hmwsw/federal_trade_commission_act_of_1914 Federal Trade Commission (FTC). (2003). In Webster's New World Finance and Investment Dictionary. Retrieved from http://www.credoreference.com/entry/wileynwfid/federal_trade_commission_ftc Insider Trading. (2002). In World of Criminal Justice, Gale. Retrieved from http://www.credoreference.com/entry/worldcrims/insider_trading Consumer Fraud. (2002). In World of Criminal Justice, Gale. Retrieved from http://www.credoreference.com/entry/worldcrims/consumer_fraud Mail Fraud. (2002). In World of Criminal Justice, Gale. Retrieved from http://www.credoreference.com/entry/worldcrims/mail_fraud