The Walt Disney Company’s Ethics and Compliance
The Walt Disney Company’s Ethics and Compliance
Finance 370 November 19, 2012 The Walt Disney Company’s Ethics and Compliance
The Walt Disney Company is the largest entertainment industry in the world. Many are familiar with Disney, due to its lifelong impact it has left on American society. Since the 1920’s the Walt Disney Company has forever impacted individuals around the world for its entertainment, including film, theme parks, and resorts. With the Walt Disney Company being the leading entertainment company around the world, it shows that its financial performance is one that has been secure since the birth of the company. While every person around the world enjoys entertainment, the Walt Disney Company has brought forth an organization that does just that. There are many companies today that do not place high importance on ethical standards or the repercussions that employees can face from making unethical decisions. The Walt Disney Company is a company that makes it a high priority to have employees, cast members, directors, and various staff members aware of the company expectations at all times. The company gives everyone a copy of their Standards of Business Conduct handbook and through continual training and an online learning system that ensures all employees have the guidance to make ethical decisions (The Walt Disney Company, n.d.). The Standard of Business Conduct in place at The Walt Disney Company, implements that honesty is important to the company and to the shareholders. This shows that the company makes all employees aware of ethical decisions and how this could affect everyone involved, including shareholders, concerning finances. One example of the procedures in place ensures that ethical behavior is found in the Standard of Business Conduct; “You have a responsibility to be accurate, complete, and honest in what you report and record to meet regulatory requirements, as well as in all Company documents,
Finance 370 November 19, 2012 The Walt Disney Company’s Ethics and Compliance
The Walt Disney Company is the largest entertainment industry in the world. Many are familiar with Disney, due to its lifelong impact it has left on American society. Since the 1920’s the Walt Disney Company has forever impacted individuals around the world for its entertainment, including film, theme parks, and resorts. With the Walt Disney Company being the leading entertainment company around the world, it shows that its financial performance is one that has been secure since the birth of the company. While every person around the world enjoys entertainment, the Walt Disney Company has brought forth an organization that does just that. There are many companies today that do not place high importance on ethical standards or the repercussions that employees can face from making unethical decisions. The Walt Disney Company is a company that makes it a high priority to have employees, cast members, directors, and various staff members aware of the company expectations at all times. The company gives everyone a copy of their Standards of Business Conduct handbook and through continual training and an online learning system that ensures all employees have the guidance to make ethical decisions (The Walt Disney Company, n.d.). The Standard of Business Conduct in place at The Walt Disney Company, implements that honesty is important to the company and to the shareholders. This shows that the company makes all employees aware of ethical decisions and how this could affect everyone involved, including shareholders, concerning finances. One example of the procedures in place ensures that ethical behavior is found in the Standard of Business Conduct; “You have a responsibility to be accurate, complete, and honest in what you report and record to meet regulatory requirements, as well as in all Company documents,
References: The Walt Disney Company. (n.d.). Business and Ethics Standards. Retrieved from http://thewaltdisneycompany.com/about-disney/business-ethics The Walt Disney Company. (2012). Standards of Business Conduct. Retrieved from http://cdn.media.ir.thewaltdisneycompany.com/forms/Disney_SBC-CM_external.pdf Diorio, C. (2003). Wall Street sees Mouse in holding pattern. Variety, 392(11), 31. The Walt Disney Company. (2010). Corporate Responsibility Report. Retrieved November 15, 2012, from http://corporate.disney.go.com/responsibility/index.html