Fin 370

Assessment of Hewlett Packard Ethics and Compliance HP has been noted to be one of the chief corporations in the area of computer technologies. Ethisphere Institute naming HP as one of the 2009 World’s Most Ethical Companies (HP Global Citizenship: Ethics and compliance, n.d.) was one of the companies latest accomplishments. HP had to make numerous in-house changes in order to acquire an ethical award brought about by ethical mishaps. Noted in Markkula Center (2007), HP unethical corporate conduct landed a payout of 14.5 million dollars as component of a California lawsuit agreement. Part of the resolution prompt HP to rework the ethics and compliance division, develop reporting and partnership efforts, and to make available neutral case management staff (p. 7). HP shares morals and company goals, symbolizes the uppermost altitude of leadership, these supplementary rules and unambiguous guidelines that are to be followed and imposed inside the HP corporation; include significant corporate course of action, may be establish in links all the way through the document of the Ethical and compliance forms. There is also other supervision in the form of keys to achievement, red flags, inquiry and response, and scenarios. Because of HP’s commitment to getting things completed the correct way, disobedience of any SBC or HP guiding principles or rules may have consequences of punitive action, up to and as well as termination of employment. When apprehension or inquiry comes up, correspondence at the lower level, either peer-to-peer or with administration is often the best place to begin. “Everything we do and say counts. We can’t rest on our past successes—we create our reputation each and every day. We work diligently to maintain a strong ethical culture globally, regardless of cultural norms, customs, or the absence of laws and regulations. Our Standards of Business Conduct (SBC) apply to all employees, everywhere we do business. In countries where ethics issues

References: Hewlett- Packard Company. (2010). our standards of Business Conduct. Retrieved August 19, 2011 from HP.com, url: http://www.hp.com/hpinfo/globalcitizenship/csr/sbcbrochure.pdf HP 2010 Annual Report (January, 2011), Retrieved August 17, 2011 from HP.com, url: http://media.corporate-ir.net/media_files/irol/71/71087/AR2010/HTML2/hewlett-packard-ar2010_0043.htm HP Global Citizenship: Ethics and compliance (n.d.). Retrieved August 17, 2011 from HP.com, url: http://www.hp.com/hpinfo/globalcitizenship/09gcreport/society/ethics/index.html Keown, A. J., Martin, J. D., Petty, J. W., & Scott, D. F. (2005). Financial management: Principles and applications (10th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall. Mayo, H. B. (2007). Basic finance: An introduction to financial institutions, investments, and management (9th ed.). Mason, OH: Thomson. Markkula Center (2007). Promoting a Culture of Integrity: Rebuilding After a Crisis. Retrieved August 20, 2011, from url: www.scu.edu/ethics/practicing/focusareas/business/renewing-hp.pdf Sulock, J. M. & Dunkelberg, J. (1997). Cases in financial management (2nd ed.). New York, NY: John Wiley & Sons.