Ethics and Strengths of the Gm Company
RthicsThis is about the GM company
Ethics and Financial Strengths General Motors is and has been one of the world's largest automakers for over 100 years. GM goes back as far as 1908. GM’s headquarters is in Detroit; however, GM has over 209,000 employees in every core region of the world, and conducts business in over 120 countries. GM and all its associates produce both cars and trucks in 31 countries. “GM also sell and service many of these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling (NA, 2011).” GM's leading market nationally is China. After China is the United States, Brazil, the United Kingdom, Germany, Canada, and Russia. “GM's On Star subsidiary is the industry leader in vehicle safety, security and information services (NA, 2011).” It is because of good ethics compliance, financial filings, and GM’s care and concern to the public that keeps the company striving for perfection. Business ethics and compliance issues are of concern within any company. It can make or break an organization if strong ethics are not understood. GM is taking a deeper look into the code of ethics issue because survival is at stake. “In 2004, with the revisions to the Sentencing Guidelines for Organizations, GM recognized the need for a more centralized compliance function.” “There has always been an emphasis on compliance, but it was decentralized,” (Singer, 2008, para. 5). In 2005, the GM's Board of Audit Committee created the Global Compliance department to consider ethical behavior from all angles. Samina R. Schey was hired to this position, and she has four full-time people in her office and holds two weekly meetings to identify recurring problems She also works closely with an investigative team that include two lawyers, a legal assistant, a security officer, and an audit officer. GM is one of the world's largest corporations
Ethics and Financial Strengths General Motors is and has been one of the world's largest automakers for over 100 years. GM goes back as far as 1908. GM’s headquarters is in Detroit; however, GM has over 209,000 employees in every core region of the world, and conducts business in over 120 countries. GM and all its associates produce both cars and trucks in 31 countries. “GM also sell and service many of these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling (NA, 2011).” GM's leading market nationally is China. After China is the United States, Brazil, the United Kingdom, Germany, Canada, and Russia. “GM's On Star subsidiary is the industry leader in vehicle safety, security and information services (NA, 2011).” It is because of good ethics compliance, financial filings, and GM’s care and concern to the public that keeps the company striving for perfection. Business ethics and compliance issues are of concern within any company. It can make or break an organization if strong ethics are not understood. GM is taking a deeper look into the code of ethics issue because survival is at stake. “In 2004, with the revisions to the Sentencing Guidelines for Organizations, GM recognized the need for a more centralized compliance function.” “There has always been an emphasis on compliance, but it was decentralized,” (Singer, 2008, para. 5). In 2005, the GM's Board of Audit Committee created the Global Compliance department to consider ethical behavior from all angles. Samina R. Schey was hired to this position, and she has four full-time people in her office and holds two weekly meetings to identify recurring problems She also works closely with an investigative team that include two lawyers, a legal assistant, a security officer, and an audit officer. GM is one of the world's largest corporations
References: Singer, A. W. (2008) As Gm Struggles, Its Ethics and Compliance Office Motors on Ethikos, September/October Retrieved from http://www.ethikospublication.com/html/generalmotors.html No Author (2011) U.S. Securities and Exchange Commission Retrieved on 4/8/11 from http://www.sec.gov/about/whatwedo.shtml No Author (2011) Retrieved on 4/8/11 from http://media.gm.com/content/dam/Media / gmcom /investor / 2010/Q2-10Q-SEC-Filing.pdf No Author (2011) Balance Sheet Retrieved from http://finance.yahoo.com/q/bs?s=GM+Balance+Sheet&annual No Author (2010) Financial Ratios Retrieved from http://www.netmba.com/finance/financial/ratios/ No Author (2011) Debt Ratios Retrieved from http://www.investopedia.com/ terms/d/debtratio.asphttp:/ / www.foxnews.com/story/0,2933,509052,00.html