Code Of Ethics: Ethical And Socially Responsive Business

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Ethical and Socially Responsive Business Bruce Carter Principles of Management – MGMT 3101 Dr. Yolanda Ogletree January 24, 2018 As legally required The Cheesecake Factory Incorporated has a Code of Ethics and Code of Code of Business Conduct. The Code of Ethics and Code of Business Conduct assures compliance with the Sarbanes – Oxley Act for companies whose stock is publicly traded. The Code of Ethics and Code of Business Conduct also assures the success of The Cheesecake Factory Incorporated. The implementation of the Code of Ethics and Code of Business Conduct is pertinent to being an ethically and socially responsive business. There are many key significant areas of the Code of Ethics and Code of Business Conduct. The first…show more content…
The section C: Conflicts of Interest section deals with staff members refraining from conflicts of interests. Conflicts of interests show a lack of principles, responsibility, and respect for stockholders. A conflict of interest can be described as one’s personal interest getting in the way of the company’s interests. Types of conflicts of interest can vary. However, in this section staff are instructed to refrain from engaging in company business with relatives. Improper use of a staff member’s position with the company for personal of theirs or a relative is a conflict of interest. Any relationship with a customer, supplier, contractor, or competitor is a conflict of interest. Employment outside of the company with a supplier, customer, or competitor is a conflict of interest. The taking of a business opportunity belonging to the company is a conflict of interest. The reason this section is significant is conflicts of interest pose a threat to business operations. Conflicts of interest put the company and stockholders at risk of profit…show more content…
The first step to take is have the President of Company draft an annual letter to employees supporting the Code of Ethics and Code of Business Conduct. This will show staff a commitment to enforce the Code of Ethics and Code of Business Conduct. The next step to take is to implement an incentive program. Incentives like gift card or other rewards for those staff that follow the Code of Ethics and Code of Business Conduct will promote the implantation of it. Another step to be taken is a monthly staff recognition program. This program with recognize those staff that have gone above and beyond to enforce and implement the Code of Ethics and Code of Business Conduct. The top staff member recognized will be named the employee of the month. These steps taken will entice other staff members to follow

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