Cisco is an American corporation that manufactures and sells networking equipment. They strive to be honest and have the highest integrity of any company. To have that title for a company, there must be rules and regulations to make everything run smooth. They have to be loyal, follow the law, and keep great financial records. They also have to know how to avoid employee, shareholder, and business partner misconduct in order to keep their great reputation.
Employee Misconduct
Cisco strives to consistently respond to policy violations. Different office organizations will get involved depending on the situation. Some of these organizations include human resources, legal, ethics office. Employees are required to tell the truth and cooperate with the investigation. If employees do not cooperate with the investigation it will result in discipline, which may include termination.
Shareholder Misconduct
Insider trading, just like with any other company, is a big rule in the stock market business. This means that if someone has information that is not public, they should not use that to their advantage in the market. Even a transaction that seems improper must be avoided. Trades are monitored very closely and Cisco cooperates with government agencies for investigations. Cisco employees are also not allowed to pass on information they know to their family or friends to avoid a loss or make a profit. This would be a breach of corporate confidentiality. Employee should avoid talking about work in public places so information isn’t slipped
Business Partner Misconduct
Cisco promotes healthy relationships with their business partners. They know that it is common to give or accept a gift, but are careful not to influence conflict of interest ...
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...re there will be an employee who needs help making an ethical decision. Finding someone to talk to or resources that can help might be hard to come by. There is information about helping someone in a tricky situation where they might need advice. Some of these resources include, going to realogy.com to their ethics page with information about the subject. Another website to look at would be ethicalrealism.wordpress on their ethical realism page.
Cisco strives to be the most honest, fair and loyal business in the world. In order for that to happen, there has to be rules and regulations to follow to avoid slipping up on something that could go against that title. There needs to be a high level of loyalty, always follow the law, and keep accurate financial books. Cisco must also know different business misconducts to avoid in order to remain the great company it is.
Cisco Designs, manufactures, and sells Internet Protocol (IP) - based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. The company provides products for transporting data, voice within buildings, across campuses and globally. The products are utilized at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco conducts its business globally and manages its business geographically. Its business is divided into the following three geographic segments: The Americans; Europe, M...
I believe that every company should encourage a relationship of trust, loyalty, honesty, and responsibility among staff members at all levels. It’s important that each staff member works together to achieve excellence in a business, so the code of conduct is put in place. The purpose of the code is to provide guidance and set common ethical standards for employees from the top of the food chain to the bottom of the food chain. Some of the areas that I find to be significant of importance in a business are sexual harassment, discrimination and simply being professional in a work environment.
Imagine the head of security at a bank using his years of training in security procedures to orchestrate an incredible heist. This is essentially what happened to the corporate giant Tyco, only the person planning it was the CEO, Dennis Kozlowski and his right hand man CFO, Mark Swartz. Kozlowski and Swartz were at the helm of Tyco and used their experience and skills to carefully plan a scheme, along with the help of other henchman within the company, to siphon money out of Tyco in such a way that even after independent audits and scrutiny by the SEC, the fraud remained unnoticed. Tyco’s corporate was built upon their knowledge of audit procedures and internal controls that they would have learned in their fledgling years as practicing auditors.
I will be analyzing EMCOR Group’s code of ethics. Their code of ethics is not lacking in corporate social responsibility. They clearly define what is expected in their code of ethics when dealing with customers, suppliers, competitors and employees. For example, they clearly define that when dealing with these parties employees must deal in a fair manner. EMCOR group (2013) states “EMCOR companies should not take an unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair-dealing practice”.
The company has a culture of unquestioning when something wrong surfaced in the company. Take for example the Lockheed documents incident, where the 25000 documents were seen in the company for nearly 3 years before someone voiced his concerns regarding it. This unhealthy culture not only allows unethical practices to prevail, it also hinders company’s growth.
Although Hollate introduced a compliance program and code of conduct when it went public, the programs were put on “the back burner”. This outcome is not surprised for that the company does not pay attention to the programs. It is, therefore, important to “reinforce the values” and “employee a boundary system when actions are inconsistent with the code of conduct” for the purpose of early detection. Tyco provides a good example after its scandal, by initiating “mandatory annual compliance training for all its employees worldwide” and creating the Tyco Guide to Ethical Conduct to familiarize employees with company expectations and help them make ethical decisions. As tips is the most useful method for internal and external sources to detect frauds, the whistleblower hotline should be well communicated with encouragement on reporting any suspicious activity. In addition, to improve the effectiveness of the compliance program and code of conducts, Hollate should implement management monitoring and evaluation on a regular
The use of insider information is illegal in the United States. Insider information is stock related information that can be obtained many ways to gain large, abnormal gains in the stock market. A popular way to gather inside information is from direct employees of the company. Information on stocks can either be illegal or legal. If the information is publicized for all current or future investors to use, then it isn't illegal. Illegal information becomes unlawful when it becomes privatized from the public, and to be only used by investors in the stock market. The action of using insider information isn’t considered illegal until the information is used in a stock market located in the United States, most commonly the New York Stock Exchange, or NYSE. Investors shouldn't need to worry about whether the information they’re given is illegal. Instead, the government should become lenient and abolish the act that prohibits investors to use insider information. Investors need to come together to protest against congress. If we abolish the act that forbids investors to use inside information, then the economy in general will grow from the freedom given by the government.
Another driving force was the rumor that at the time of the blunder, some components and products of Cisco were believed to be in short supply. In the effort to achieve all these, Cisco entered into prolonged contracts with various suppliers to facilitate building up its inventory. The contracts could also reduce the lead-time of supplying goods to customers due to the stock build up and availability without necessarily waiting manufacturers to supply in order for Cisco to sell to buyers.
Lowe’s and Home Depot introduce each other in a message that clarifies their own explanation of Code of Ethics. Both encourage doing the right thing while performing a job that may not always cover all situations. However, employees’ are provided a strategic map that may...
questionable irregularities. The employee always has a channel open to convey their concerns to the right people within the company before the problem becomes unnecessarily large or leads to a complaint to a court. Whistleblowing consists in the creation of a system of complaints about non-compliance, by employees of a company, both internal rules, and the regulations governing their activity. Blowing the whistle carries personal and professional implications and
1) The relationship between information systems, Internet Technology and Cisco’s business strategy was quite intriguing. Cisco’s company worked hand in hand directly with the Internet and their IS system was supported by almost 45% by digital means. Their sales were all Internet driven by almost half of their production.
In the report, the first issue describe Hewlett-Packard Corporation was involved into an investigation of spying and pretexting by a congressional federal. According to Hyatt (2007), Patricia Dunn, who was the chairwoman in HP, illegally obtained the private phone records and some of the employee’s information which using the pretexting method led to HP corporation internal leaks. In the second issue, in his article, Hurd on the Street, Booth (2010) describes Mark Hurd, who was the chief executive officer in HP, was got fired on account of intentionally faked financial sta...
Cisco certification is a accomplished scientific boost certificate skeleton which is feature with ongoing by Cisco company for advancing Cisco technology, cultivating the repercussion management design again designing troubleshooting personnel. Candidates burden help the prevailed Cisco certificates as valid combat of bread change or company qualification.
Shareholders are important to the continued success of corporations all around the globe. An ethical issue that could have impacted the relationship that Apple had with its shareholders is the less than upfront approach that Apple took in regards to the health of Steve Jobs. In an article found on Time.com Steve Jobs is referred to as “a modern-day Thomas Edison.” As stated in the article it is believed that Apple was not completely honest about the condition of Steve Jobs health as far back as 2004, and also again in 2008 when he took time away from the company due to health concerns. It is also alleged that this could have had an impact on the shareholders and the decisions made in regards to their stock in the company (Berr, 2011). This one of the many ways that Apple could be seen as a company with something to hide. Although, Apple has tried to be more transparent with how they conduct business with their suppliers, as well as how their suppliers treat employees. One of the ways they have tried to do this is by allowing outside monitors to investigate their production facilities in China (Moore, 2012). They have also shown some good faith in publishing the list of their suppliers to the public in 2012 (Moore, 2012). The Suppliers Code of Conduct that was mentioned earlier has had an impact on the relations that Apple has with many of their suppliers since its implementation. As of
When working for any corporation it is very important, that one reads and understands the company's ethics policy of the company where they are employed.