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Business Ethics
Business proposal
Walt Disney is the largest entertainment company in the industry all over the world. Throughout the years the company ahs become a leader in the source of entertainment.an in-depth look at the company's financial processes [provides an insight of how the company became known, respected and loved by many people all over the world. Disney is a familiar household name due to the its lasting impact not only in American society but all over the world .from 1920's Walt-Disney has left an impact to people throughout the world for its entertainment which includes films, theme parks as well as resorts (Disney, 2013). Being a leading entertainment company in the world is an indication that the financial performance of Walt Disney has been secure since its inception. Everyone in the world enjoys entertainment and Walt Disney has natured and organization that provides entertainment to people just as they want it. Walt Disney's financial goals are the maximization of their earnings and flow of cash and the allocation of capital towards initiatives that will lead to the organization's growth which will act as driving force for long-term shareholder value. The paper will look at the role of ethics and compliance in Walt Disney's financial environment. There will also be a description of the procedures that Disney has in place to ensure ethical behavior.
Role of ethics and compliance in Walt Disney's financial environment
Many companies today do not see the importance of maintaining ethical...
Walt Disney prides in its ethics and compliance to both standards and regulations. Walt Disney is a company which is committed to carrying out its business in accordance to the highest standards of ethics in business at complying with all laws that are applicable, rules and regulations. The organization shares all of its strategies and performance ratings in public findings, annual reports, new release and internet sources so as to give an opportunity to current, public and potential stockholders to have a look at them. Ensuring that Walt Disney's ethical standards are maintained is a big part of the organizations business practice. Compliance training is also given to employees and cast members through their learning management system known as Disney development connection. The intention of the company is to ensure that everyone has the training and knowledge to act ethically and legally at the same time complying with Standards of Business Conduct. Walt Disney Company has put in place standards of business conduct. These standards focus on six pillars of excellence and they are; trust, teamwork, integrity, honesty, respect and play be the rules. Each of these pillars focusses on Walt Disney's commitment in all aspects of business (Disney, 2013).
When it comes to hiring practices, Walt Disney provides equal employment for everyone regardless of their…
References
Disney. (2013). Business and Ethics Standards. Retrieved September 25, 2013 from http://thewaltdisneycompany.com/about-disney/business-ethics
Disney. (2013). Code of Business Conduct and Ethics for Directors. Retrieved September 25, 2013 from http://thewaltdisneycompany.com/content/code-business-conduct-and-ethics-directors
The Walt Disney Company. (2010).Standards of Business Conduct. Retrieved September 25, 2013 from http://corporate.disney.go.com/corporate/conduct_standards2
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