Ethics and Compliance Paper

Obtain a copy of the organization’s annual report and SEC filings for the past 2 years.
Write a 1,400- to 1,750-word paper in which you analyze the data in the annual reports and SEC filings. Address the following:

 Assess the role of ethics and compliance in your organization’s financial environment. JIMMY w INTRO

No matter what your age when you pass through the turnstiles entering the “Magic

Kingdom” in Orlando, California, or any of the other now international theme parks people

become entranced and reborn from the magic and spectacle that has been a trademark of

Disney for many years and generations. Reality is that customers seeking audience with

“Mickey Mouse” have no interest in the financial aspects that make Disney a major

company and probably never review the company’s financials or examine their ethics and

compliance functions. Team C in this paper will examine, asses, and conclude in its review

of Disney and how they utilize ethics and compliance in their daily operations. “Large

corporations are managed by a team separate from the firm’s owners. Though management

is expected to make ethical decisions that reflect the best interest of the firms owners, this is

not always the case. Indeed managers often face situations where their own personal

interests differ from the interest of the shareholders. Some of these situations can be viewed

as a straightforward test of the financial manager’s ethics.” (Titman, Keown, Martin 2011)

In all businesses whether they be large companies as we are examining here are of

course all different in structure as well as corporate beliefs. In the case of Disney as in any

large company it is invaluable to view the policies and mission statements that the company

pursues and trains its staff as well as “Cast Members” to follow. Disney is a company that

has a group commitment to conduct affairs at the highest level which includes compliance on a corporate level as well as complying with laws, rules, and regulations. The board of directors is instrumental in this organization as to its promoting of ethical behavior and has

gone so far as to adopt a “Code of Business Conduct and Ethics for Directors.” The

organization has a training program in business and ethics that includes, “ Compliance

training including training regarding the Company’s Standards of Business Conduct and

Ethics, is provided to employees and cast members worldwide through the company’s

learning management system known as Disney Development Connection. It is the

Company’s intent through its compliance training, to ensure that all of its employees and

Cast Members have the knowledge and training to act ethically and legally, in compliance

with the company’s Standard of Business Conduct.”

References:
The Disney Company (2012). Business and Ethics Standards. Retrieved from http://thewaltdisneycompany.com/about-disney/business-ethics 19 July, 2012.

Titman, S., Keown, A.J., & Martin, J.D. (2011). Financial management: Principles and applications (11th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall