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Ethics and Compliance Fin 370

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Professional values differ from company to company just as personal values do between individuals. However the underlying foundation remains the same. A company’s values are determined by what they deem useful, important, and worth to their organization. Business ethics are as defined by “The times” as Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business.

Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice. It is relatively easy to identify unethical business practices

Our team selected Apple which is one of the top 10 most admired tech companies out there (Cnn money). Their vision and ability to launch innovative electronics has the world by storm with its iphones, ipads and computers, and along with all this public interest comes responsibility. The Apple corporation has business practices in place to ensure ethical practices such as their business conduct “the way we do business worldwide” policies. They expect that employees will be honest, respectful, keep confidential information remains confidential. Apple encourages employees to speak up if they have knowledge of a possible policy violation of conduct, principals, legal or regulatory requirements. Accurate records are critical to meeting Apples legal, financial and management obligations payroll, reports, customer information in addition to public information are expected to be accurate. (Business conduct). It is stated that they are to never omit, misstate or modify facts; this clearly makes it understood to all employees what the Apple companies expectations are (Business conduct). Apple’s board of Directors oversees executives in the competent and ethical operation of Apple on a day to day basis and insures

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