Role of Ethics and Compliance in Pepsi-Cola
Role of Ethics and Compliance in Pepsi-Cola PepsiCo has a deep commitment to bring forth sustainability in growth by the empowering of its people (PepsiCo Inc., 2011). PepsiCo employees embrace a culture that promotes responsibility and provides the building blocks to trust (PepsiCo Inc., 2011). The company prides itself on being both environmentally responsible and socially conscious this pride is garnered by six guiding principles (PepsiCo Inc., 2011). PepsiCo set forth principles that encompass total care of both consumers and customers, offering the highest quality products, conducting business truthfully, creating an equal balance of short-term and long-term goals, being victorious through inclusion and diversity, and being respectful of others and succeeding as a team (PepsiCo Inc., 2011). PepsiCo has in place a compliance committee that oversees the compliance program at PepsiCo (PepsiCo Inc., 2011). The compliance committee makes recommendations that are upheld by the utilization of issue resolution strategies (PepsiCo Inc., 2011). Four sub-committees make up the compliance committee, they are Anti-trust- whose emphasis is on sales; Safety and Environment- this committee gives oversight to fleets, plants, and the personnel that staffs them; Human Resources- they cover labor issues and employment; Finance- their umbrella covers all financial integrity, Sarbanes-Oxley, and the requirements that has been placed on the company.
Ensuring Ethical Behavior
Laws and regulations are imposed by the various state, local, and federal governmental bodies within the United States and beyond its borders. As with any laws and regulations the way that they are interpreted are subject to dramatic change (PepsiCo Inc., 2011). Changes that are brought about are more often than not, political, economic, and social implications (PepsiCo Inc., 2011). The affect of food and drug laws; how the products are labeled; practices used in marketing and advertising;
Ensuring Ethical Behavior
Laws and regulations are imposed by the various state, local, and federal governmental bodies within the United States and beyond its borders. As with any laws and regulations the way that they are interpreted are subject to dramatic change (PepsiCo Inc., 2011). Changes that are brought about are more often than not, political, economic, and social implications (PepsiCo Inc., 2011). The affect of food and drug laws; how the products are labeled; practices used in marketing and advertising;
References: PepsiCo Inc. (2010). PepsiCo. Retrieved from http://www.pepsico.com/Company/Corporate-Governance.html PepsiCo Inc... (2010). Pepsico. Retrieved from http://www.pepsico.com/Investors/SEC-Filings.html PepsiCo Inc. (2010). PepsiCo. Retrieved from http://www.pepsico.com/Company/PepsiCo-Values-and-Philosophy.aspx