Social Performance, Part 2 Essay Example | Topics and Well Written Essays - 1000 words

Social Performance, Part 2 - Essay Example In this regards, Total Company has some similar code of ethics with other companies. For instance, among the common ethics in most of the companies in similar industry is code of conduct towards the shareholders and the owners. The shareholders and owners should look for a fair way of balancing between capital and work in a manner that employees bet a fair pay in commensurate with work done. It is the duty of the shareholders to design their company as one of the greatest instruments to generate wealth, make their irrefutable objecting of earning a profit in line with sustainable, sound environmentally and social development, and also ensure that all the activities are done responsively and in an ethical manner. In addition, the company shareholders have to define and uphold the values and mission of the company in accordance to its code of ethics (Marianna Sigala, 2012). As in the case of other companies, there have been loop holes when it comes to implementation of their code of et hics. For instance, there has been a conflict of interest between the owners of the company and the company itself. The owners of the company have been using company assets for their own gain therefore leading to lack of transparency. This has led to strained relationship between the shareholders and the management. ... In relation to company clients and suppliers, there has been a continuous strained relationship between the company and its suppliers. The suppliers are not paid in time as expected and have resulted in delays in supplies. The choice of suppliers has been another big problem since some of them could not uphold best business practices and respect human dignity. Good business ethics provides for the choice of suppliers who respects and upholds good business practices (Ladd, 2011). With the issue of competition, the other companies have been using their market position to intimidate companies whose market share is still small. Code of ethics should ensure that there is no abuse of weaker competitors in the market place. There has been also discrimination of employees basing on their nationality, sex and age. After criticizing the shortcomings of other organizations, Total Company has designed the following code of ethics: Prohibition of conflict of interest and bribery- activities of th e company should be conducted with the highest level of integrity. Both the employees and the external stakeholders are expected to reject corruption and bribery in all forms Labor rights- Total Company ensures that its employee operational policies and practices prevent and prohibit forced labour, child labor and discrimination and respect international labour standards Contributions to local development- the company offers employment to local people and also participates in education, economic health development programs and infrastructures. Security and Human rights- the company is committed to respecting the protection of Human rights and implements the generally acceptable