Challenges in the Global Business Environment Essay

750 WordsSep 10, 20153 Pages
STRAYER UNIVERSITY Hershey is in the chocolate business, producing and selling chocolate candies all over the World. Hersey Company is the largest producers of chocolate candies North America. Hershey’s Code of Ethical Business Conduct sets forth the standards by which they conduct their operations. It covers a range of subjects, from the use of corporate funds, to conflict of interest and protection of Company information. It applies to all directors, officers and employees both in the U.S. and globally, setting a clear expectation that the standards be followed in all job-related activities, regardless of business pressures. Managers have an added responsibility to lead by example and ensure that the Code is followed in areas under their supervision. Regardless of your position in the company, violations of the code will not be tolerated. Russell Stover Candies, Inc. ("RSC") and Whitman Chocolate (“WC”) Corporate Code of conduct states that they are committed to a standard of excellence in every aspect of our business. We expect ethical and responsible conduct in all of our operations and within the operations of each of our suppliers, vendors and contractors. RSC respects the rights of all individuals with whom we work and conduct business and in the countries or jurisdictions in which we purchase materials and sell our products. We expect these commitments to be shared by each entity with which we conduct business. The standards to which RSC conducts business, at a minimum, requires of suppliers, vendors and contractors to be on the same page. Conflict of interest A conflict of interest occurs when an individual’s self-interest conflicts with acting in the best interest of another, when the individual has an obligation to do so. (Lawrence, 2014) Conflicts of interest arise in many different forms. In general, a “conflict of interest” occurs when a personal
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