Preview

Culture of Proctor and Gamble

Powerful Essays
Open Document
Open Document
7686 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Culture of Proctor and Gamble
Our Values and Policies

2

P&G Our Values and Policies

P&G Our Values and Policies

1

Table of Contents
Introduction Letter from the CEO Hierarchy of Company Ethics Principles Our Purpose Our Values Our Principles Our Policies A. Respect of Government and the Law 1. Compliance With Legal Requirements 2. Accuracy of Company Books and Records • Books and Records • Disclosure Controls • Internal Controls 3. Securities Trading 4. Antitrust Policy and Compliance Guidelines 5. Lobbying 6. Political Contributions and Related Policies 7. Transacting International Business B. Respect in the Workplace 1. Behavior in the Workplace 2. Child Labor and Worker Exploitation 3. Wage and Hour Practices 4. Safety, Health and Environmental • Employee Safety • Environmental Quality 5. HIV/AIDS 6. Conflict of Interest • Business, Financial and Personal Relationships • Gifts, Entertainment and Gratuities • Improper Use of Company Assets 7. Employee Privacy 2 3 4 5 6 7 8 8 8 8 8 8 9 9 10 10 10 10 11 11 12 12 12 13 13 14 14 14 14 14 14 C. Respect in the Marketplace 1. Product Safety 2. Bribery and Improper Business Dealings • Commercial Bribery • Improper Payments to Government Officials • Money Laundering and Product Diversion Avoidance 3. Fair Dealing and Fair Competition • Treating Suppliers Appropriately • Treating Customers Appropriately • The Government as a Customer • Treating Competitors Appropriately • Fair Competition • Advertising and Promoting to Consumers Appropriately 4. Consumer Privacy and Confidentiality • Confidentiality • Consumer Privacy 5. Communicating with the Media 6. Research Involving Animals D. Respect in Society and Our Communities 1. Community Relations 2. Support of Universal Human Rights E. Sustainable Development and P&G Our Vision Our Promise 15 15 15 15 15 15 16 16 16 16 16 17 17 18 18 18 18 19 21 21 22 23 24 24

Introduction

This booklet provides P&G’s Purpose, Values and Principles and summarizes the important company policies.

You May Also Find These Documents Helpful

  • Better Essays

    In order to operate ethically in a global marketplace, corporations like Exxon Mobil need to define the conduct that they expect from their officers, executives, managers and employees. Without a defined code of conduct, employees feel forced to use their personal mores to determine what actions they should take in ethically ambiguous situations. Like children on a playground, employees need to know where the fences are so that they can work effectively.…

    • 2516 Words
    • 11 Pages
    Better Essays
  • Powerful Essays

    Qnt2 Task 1

    • 6634 Words
    • 27 Pages

    Leaders are having to make important decisions not only on corporate finance levels, but also need to meet their responsibilities environmentally and socially. Their role as a leader is the balance between the welfare of others and the preservation of their own personal welfare, they carry the moral obligation. The best leaders convey their ethics and personal values for everyone to see and know, by communicating complete and accurate information about their values and expectations. Those organizations and leaders that want to practice positive workplace morals and ethics should develop a well written standard of conduct, and provide the appropriate ethical training to their employees. These resources will help an individual make good, informed business decisions that in the long run benefits the…

    • 6634 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    EST1 Task2

    • 1460 Words
    • 5 Pages

    Our Company takes great pride in the high standards of honesty and integrity, which our employees maintain. Compliance with laws, regulations, and business ethics is essential to the survival of our business. Progress and development can be realized only through the combined efforts and cooperation of each employee of our company. United in spirit, we pledge to perform our corporate duties with dedication, diligence, and integrity. Our business philosophy helps us determine our objectives, our approach to business activities, and the general direction of our company. These guidelines serve as a compass, helping us set and maintain the right direction for our business. Employees of our company follow these guidelines and move toward our business objectives.…

    • 1460 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Mgt 498 Ethics Paper

    • 737 Words
    • 3 Pages

    The role of ethics and social responsibility aids organizations in developing a strong strategic plan, while addressing the needs of stakeholders. Ethics and social responsibility require social awareness to address the needs of the environment and to increase the knowledge of employees, which will lead to a corporation focused on supplying the customer with what is needed, managers equipped with solid decision-making abilities, and employees who believe that he or she are an asset to the business. It is the executive manager’s responsibility to establish a clear vision for the corporation and place a specific focus on understanding stakeholder’s needs. In an effort to support these requirements agendas and regulations will be developed to maintain and enforce business ethics within the organization. It is vital for an organization to establish a firm code of ethics for employees and managers to agree and adhere to equality within the organization.…

    • 737 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Procter & Gamble (P&G) has a lengthy history of providing a value-driven, ethical workplace culture. Product globalization created threatening issues to their success during the early 1990s. It was determined by company leadership in the mid-90s, that it was necessary to change the workplace product development model in order to remain highly competitive in the global economy. P&G had a reputation of fair treatment of employees, including being one of the first companies to introduce profit sharing, employee stock ownership, and proactive employee retention and preferred internal promotions. Also, the company was respected for being innovative in product research and development by utilizing the latest technologies and focusing on the consumer. However, the business was structured by brands and the information and technology associated with them were individually organized and created silos of information. This information wasn’t openly shared because of a fostered internal competition between brands as well as protecting information from competitors.…

    • 764 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In the article, Dalla Costa outlines the process for incorporating ethical principles to the direct benefit of customers, shareholders, employees and profits. The author makes clear why corporate ethics must be a fundamental component of any firm. As managers and consumers, many people are concerned about issues like discrimination in the workplace, and are struggling to integrate their beliefs into their jobs. The Ethical Imperative links these personal values to business…

    • 456 Words
    • 2 Pages
    Good Essays
  • Good Essays

    References: BSR Staff. (n.d.) Overview of Business Ethics, Retrieved on March 13th 2003, from http:/…

    • 926 Words
    • 4 Pages
    Good Essays
  • Best Essays

    This memorandum is specifically prepared to propose the appropriate policies that will need to be implemented to help in preventing the collapse of corporate ethics in the future. Some of the proposed policy avenues that might help in strengthening and further fortifying corporate ethics are also discussed.…

    • 2798 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Ethics and social responsibility play an important role in developing a strategic plan. Standards and principles regarding business ethics within an organization must be determined to properly define its direction to make its decisions to pursue their strategy. To accomplish this, an organization must realize they do have responsibilities. They have responsibilities not only to themselves, but to the public and their stakeholders as well. Unfortunately, there are too many examples of how a company can overstep ethical boundaries. Luckily, there are measures that can be taken to avoid that type of situation, and businesses can learn from mistakes made in the past.…

    • 768 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Case studies of companies that have bench marked the best practices on the topic of organizational culture characteristics that supports innovation and changes. These companies focus on different things to maintain and improve their environment for both staff and clients. The CEO’s believes that, if business faces severe challenges, they can look for opportunities to change and grow stronger. Facing the challenges in today’s environment has made it hard for employers to find good employees so they have to do what they can to keep them happy and secure in their jobs. Leading ethical companies and innovative companies are not as easy as it seems. Innovative companies tend to be companies that people admire and want to work for. As a leader it is important to make sure that the rules and policies as followed, compliance is a must. Best ethical companies don 't have ethics officials so this is enforced by the leaders. An indicator as to whether a company is ethical may be linked more to the happiness of the people who work there than it is to the state of the company 's official ethics strategy.…

    • 4999 Words
    • 20 Pages
    Best Essays
  • Satisfactory Essays

    My company is Budweiser-Busch Distributing Co., Inc. My CEO, Chris Fuchs, has appointed myself to develop and implement an ethics program for the company. Here is the requested summary of my planned actions:…

    • 257 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    MGT/498 ETHICS

    • 1056 Words
    • 4 Pages

    To increase the importance of strong ethical significance, this paper will clarify the principle character of ethics, sustainability, and social responsibility in relative to an organizations strategy. Furthermore, consideration will be given to the assortment of shareholders that control a business stratagem. Lastly, classification will be given to a company that practiced unethical behavior, social responsibility, and sustainability in their daily functions.…

    • 1056 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Mr. Ebbers, the CEO of WorldCom, was quoted as saying that writing a code of ethics for the company was a “colossal waste of time.” (Boatright, 2012, p. 44) Other companies have used a code of ethics as a guide for decision-making by all levels of the company. Please review the code of ethics by Johnson and Johnson, and then discuss the following:…

    • 1501 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The code of ethics is adopted by organizations to assist members in understanding the difference between 'right' and 'wrong' and in applying that understanding to their decisions. An effective code of ethics should also help to delineate the proper procedures to determine whether a violation of the code of ethics has occurred and, if so, what remedies should be imposed. After reviewing the company’s code of ethics, we found that it has well established the concept of business ethics and the company’s objective, and also several kinds of encouragement to promote the ethical business behavior effectively. The company’s code of ethics, however, is not practical enough for implementation as the content is too general and vague, and there are not enough guidelines and regulations to help the staff to detect or solve the ethical issues.…

    • 829 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Ethics and morals are a requirement in the corporate business world. Each day employees are faced with moral and ethical issues; and because they have their own individual set of morals, they behave differently. Many have formed a good understanding of the basics of ethics, leadership, morality and social responsibility; but most do not really understand the true meaning of values, ethics and morality. The roots of ethics in America teach us “Ten Universal Values,” namely, honesty, integrity, promise-keeping, fidelity, fairness, caring, respect for others, responsible citizenship, pursuit of excellence, and accountability. However, recent history teaches us 12 ethical principles that include two additional values, namely leadership, and reputation and morals to the list that I will discuss in this essay. I will also discuss the differences between ethical and moral issues. In business, ethics and character count. Therefore, I will also discuss some organizations that have been destroyed or damaged due to their unethical and immoral behavior in business.…

    • 1631 Words
    • 6 Pages
    Good Essays