This website uses cookies to ensure you have the best experience. Learn more

Ford Motor Company Code Of Business Conduct And Ethics For Members Of The Board Of Directors

657 words - 3 pages

The Board of Directors for The Ford Motor Company has implemented an additional Code of Business Conduct and Ethics for their directors. It was created in order to help them access ethical risk factors, provide guidance and support when dealing with ethical issues, and uphold the integrity of the company (Ford Motor Company pg. 1). With these guiding principles set forth, all directors must comply and adhere to the codes, as well as promptly report any questionable situations and/or circumstances directly to the Chairman of the Board of Directors, the Chair of the Nominating and Governance Committee or the Presiding Director who will take the necessary steps to deal with any issues (Ford Motor Company pg. 1). Directors must steer clear of any situations that would create a conflict of interest between a director and the Company (Ford Motor Company pg. 1). Certain instances in which to abstain from include any relationship of the Company with any third – parties, compensation from non-Company sources, Gifts, and personal use of Company assets (Ford Motor Company pg. 2). Ford Motor Company states, “Directors are prohibited from taking for themselves personally any opportunities related to the company’s business, using the company’s property, information, or position for personal gain and competing with the company for business opportunities.” (Ford Motor Company pg. 2). All directors must ensure confidentiality and use discretion for divulging any and all non-public information relating to the company (Ford Motor Company pg. 2). Directors are committed to providing a safe and healthy environment in which to promote fair dealing (Ford Motor Company pg. 2). This includes but is not limited to maintaining a full compliance with laws, rules and regulations (Ford Motor Company pg. 2-3). It is the role of the directors to maintain an open door policy to promote ethical behavior in the workplace and ensure an atmosphere in which employees are able to comfortably discuss and/or report any illegal or ethical activity (Ford Motor Company pg. 3).
I believe the...

Find Another Essay On Ford Motor Company Code of Business Conduct and Ethics for members of the Board of Directors

Company Code of Ethics Essay

726 words - 3 pages Company Code of Ethics The Company code of ethics will cover all employees within our organization. The Code of ethics is essential for corporations today to remain in business and abide by their federal and state government regulations. Ethical training programs will exist ever corporation and are given to each employee usually the first day of employment and renewed on the annual basics. An ethical conflict occurs when people will encounter

Alan Mulally's Restructuring of Ford Motor Company

1423 words - 6 pages him accepting the position as CEO, he informed Ford board members of this problem. Ford’s board members gave Mulally the latitude to restructure as he sees fit. Planning is an integral part of a successful organization. Ford Motor Company has had a plan, for every year it was in business. Mulally plan had four points, which were coming together as a team, utilizing Ford’s global market, and building vehicles people wanted (Bryce, 2012

Staples Inc. Ethics Program and Code of Conduct

1126 words - 5 pages sought to achieve their respective business goals through developing and establishing code of conduct. However, most of these companies have relatively had ineffective codes of conduct or ethics. For instance, United Stationers Inc., Amazon and Office Depot, which are major competitors, have had ineffective codes of conduct because their ethic standards have been incorporated in corporate governance measures. The ineffectiveness of the companies

Code of Conduct and Ethics Policies at Work

1767 words - 8 pages Code The Company is committed to conducting business ethically and in accordance with all laws and regulations. The Company’s Code of Ethics is a guide to help our employees contribute to the culture of integrity by establishing principles for how we as employees conduct our daily business. Each employee’s acknowledgment and adherence to the codes is a condition of employment. Ethical principles are collective standards of right and wrong

Code of Conduct and Ethics Report ACT 375

1637 words - 7 pages act and handle different situations that might arise. The code of conduct also shows the public what the company stands for and what it will tolerate from employees. On the same line the company needs to establish a clear commitment to ethical behavior otherwise they will lose consumer support and may go under. If a company loses face in the public eye they will most likely never recover. Some CEO's may think that if they shed some ethics that

The Ford Motor Company

1405 words - 6 pages The Ford Motor CompanyThis is the story of the Ford Motor company. I am going totake you on a journey through time to start us off onJuly 30, 1863 in Dearborn Michigan. That is the date ofthe birth of one of the most well known men of all time,Henry Ford.When Henry was sixteen he walked to detroit andapprenticed himself to a mechanic for two dollars andfifty cents a week but his boarding cost three so heworked nights for a watchmaker to make

Code of Ethics and Professional Conduct - This is a written code of ethics for a small business. 12 pages in length. Written for Master's level course in Organizational Ethics

3100 words - 12 pages Code of Ethics and Professional ConductAdopted by 5 Starz Corporation on 03/17/2003.PreambleCommitment to ethical professional conduct is expected of every employee, partner, supplier, and subcontractor of the 5 Starz Corporation.This Code, consisting of commitments formulated as statements of personal responsibility, identifies the elements of such a commitment. It contains many, but not all, issues that we, as professionals, are likely to face

An examination of the global strategy and cross-border operations of Ford Motor Company with SWOT analysis

2553 words - 10 pages gasoline pricing, consumer awareness of environmental issues, and increasingly restrictive legislation world-wide, all of which contribute to a growing demand for smaller, alternative fuel technology vehicles, markets in which Ford has historically struggled to generate profits.This report details recommendations to the board of directors of Ford Corporation on how to eliminate the company's current weaknesses, stop the sliding decrease in market share

Ford Motor Company

1325 words - 6 pages member Board of Directors chaired by Alan Mulally, who is also the company’s executive chairman. The leadership characteristic evident at Ford is visionary and customer focused. The company utilizes the six sigma approach in quality control, which has ultimately seen it reduce substantially its impact on the environment through proper waste control. Customer satisfaction has also increased gradually. Marketing Ford Motor Company offers a variety of

Ford Motor Company

1565 words - 6 pages countries.      Henry Ford I, the founder of Ford Motor Company, was born on a farm near Dearborn, Mi in 1869. From boyhood, he had a talent for engineering, but it was not until 1890 that he commenced his engineering career as an employee of the Detroit Edison Company. Ford’s superiors at the electric company felt his hobby distracted him from his regular occupation, and despite his promotion to chief engineer, he was

Ford Motor Company

1685 words - 7 pages Motor Company Another way ford has averted crisis was in the infamous Firestone tire crisis that affected many of the Ford Explorers that were on the road. The problem was that Firestone the supplier of the tires for the Explorers had made many tires that had defects in the side wall. When these tires would heat up at road speeds this could cause the tire to suffer catastrophic failure. This often caused the SUV to lose control and begin to roll

Similar Essays

Code Of Business Conduct And Ethics

3768 words - 15 pages Code of Business Conduct and Ethics Introduction The TSYS Code of Business Conduct and Ethics (the "Code") covers a wide range of business practices and procedures. While it does not cover every issue that may arise, this Code outlines basic principles to guide all employees and officers of the Company and its majority-owned subsidiaries ("team members"). In addition, all members of the Company's Board of Directors and

Ethics Code Of Conduct In A Company

939 words - 4 pages first day of service. Ethics training workshops will be offered annually for all volunteers and administered by the Company X Volunteer Services. • Board of Directors: Each newly elected individual shall complete the Company X online ethics course. In addition, he or she shall read the Company X Ethics Policy and sign the “Ethics Policy acknowledgement and Agreement” form. After the election results, an elected board member has approximately 30 days

Ethics And Code Of Conduct Essay

2760 words - 11 pages , which states, "The basis for our entire business is that we are ethical, truthful, and dependable." This statement is the exact point the code of conduct is trying to get across. If a decision is made and one does not feel right about making that decision, then it might not be ethical, truthful, or dependable and would be against the code of conduct. Being able to connect the code of conduct and the mission of the company together will only make

The History Of The Ford Motor Company

1399 words - 6 pages gave him. He got married and seemed settled down butafter two years Henry moved back to Detroit and worked as a night engineer forthe Detroit Edison Company.In 1899 Ford helped organize the Detroit Automobile Company. Fordwanted to build cars that didn't cost a lot so many people could afford them butFord's partner's disagreed so Ford sold out and moved on. In 1903 Forddeveloped the Ford Motor Company with only twenty eight thousand dollars