Verizon's Code Of Ethics

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Two topics on Verizon’s code of ethics for senior financial officers are to promote transparent and complete disclosure and to protect non-public company information. Promoting transparent and complete disclosure is addressed by all disclosures in financial and public documents that ae filed by the Securities and Exchanges Commission are to be full, fair, timely, understandable and accurate. They state that you must not disclose any information regarding to Verizon, its business operations, plans, financial condition, results or any development or plan to customers, business providers, investors or any other third party. Also, they ensure accurate reporting by internal and outside auditors. Verizon state that you must cooperate with any auditor…show more content…
Maintaining fairness and integrity in the workplace is addressed by a few guidelines given by Verizon on what can and cannot by done. First, is to avoid personal conflicts of interest. This could mean that you are supervising someone that you have a close personal relationship with. Also, Verizon says that while you are employed at Verizon, you cannot perform services for a company or organization that is a vendor, supplier, contractor, subcontractor or competitor of Verizon. Second, when employed at Verizon, any decisions you need to make in your outside activities, cannot cause conflict with Verizon or its products. Next, Verizon states that your political beliefs must be kept separate from the company. Furthermore, Verizon states that you must not take place in insider trading or any decision which you would benefit from financially which is illegal. If this wasn’t in place in their code of conduct, there could be cases where those who have a close personal relationship with a co-worker or vendor, could get preferential treatment, or co-workers could have the perception that this is taking place, and this can create an unpleasant work environment. The stakeholders involved would be the employees, management and suppliers. In Verizon’s code of conduct, they state when it is permitted to give or accept a gift…show more content…
With these in place, Verizon covers many areas where unethical situations could arise. I believe that they do have a strong group who oversees these areas to avoid unethical practices. Verizon’s delegation of authority helps to eliminate conflicts of interest by having internal and outside audits done to avoid this type of situation. The chief information officer watches to ensure correct choices are made in purchasing IT equipment. They would make sure the best choice for the company is made and not what might benefit some members of upper management. The chief technology officer would make decisions on how to use capital to make appropriate decisions for the company and not any one person. The chief marketing officer who ensure that any promotions of are done ethically and not to benefit any one person. The chief financial officer would make sure that all financial spreadsheets
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