Name: Date: 10.2023 Business Ethics Touchstone 2 Template Step 1. Select ONE code of ethics from the list provided. · 3M https://www.3m.com/3M/en_US/ethics-compliance/code/ . Berkshire Hathaway https://www.berkshirehathaway.com/govern/ethics.pdf . Starbucks https://livingourvalues.starbucks.com/en-us/ . SHRM https://www.shrm.org/about-shrm/pages/code-of-ethics.aspx · ASAE https://www.asaecenter.org/about-us/policies/code-of-conduct Step 2. Answer the following questions, applying the vocabulary and concepts from the tutorials. 1. Give the name of the company or organization you have chosen from the list above. The company I have chosen is 3M and I have read their Code of Ethics in its entirety. 2. Find each of the following topics in the code of ethics you have chosen. Write 1-2 sentences paraphrasing or summarizing the company policy on each topic. If you cannot find a policy on the topic, indicate why you think they company did not provide a policy and what potential problems might occur because they do not have a policy. Basic conduct 3M's Code of Ethics stresses the importance of honesty and integrity in all business relationships. Employees are responsible for upholding the company's core values and principles, and for treating everyone with dignity and respect. Offenses against the code can result in disciplinary action, such as termination.
Confidentiality 3M's confidentiality policy is clear and unambiguous. Employees are responsible for safeguarding and not disclosing confidential information that is proprietary to 3M, its customers, or partners, including intellectual property and business strategies, as well as personal data. Competition 3M is devoted to fostering a level playing field that is both fair and ethical. The company is not engaged in any anti-competitive activities and expects its personnel to adhere to all relevant competition regulations. This includes avoiding any agreements that could impede competition and not engaging in any form of market dominance. Giving and receiving gifts 3M's Code of Ethics outlines the company's gift-giving and gift- receiving policies. The Code of Ethics emphasizes that employees should not engage in any activities that could give the impression that business decisions are influenced or appear to be influenced by gifts. These policies are in place to protect the integrity and objectivity of 3M's business practices. Insider trading Insider trading is prohibited by 3M's policy. Employees who possess non-public, confidential information about 3M are prohibited from buying or selling 3M stock or from disclosing that information to third parties who may trade on that information. This policy is designed to protect the integrity of the financial markets. Social media usage 3M understands the value of social media and provides guidelines on how to use social media responsibly. Employees are encouraged to use social media in a respectful and professional manner and to not share any sensitive or confidential information. It is important to remember that employees' online behavior can have an impact on the company.
Disparagement The Code of Ethics of 3M does not include a policy on Disparagement. However, 3M does have policies on Respect in the Workplace and Maintaining a Positive Workplace, which could be interpreted as including Disparagement. The lack of a specific Disparagement Policy could lead to ambiguities