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Ethics and Compliant Paper

In: Business and Management

Submitted By waterpolo
Words 2259
Pages 10
Ethics and Compliance Paper

FIN: 370 Finance for Business

May 12, 2011

Walmart

“Lowest prices guaranteed, Rollback prices and price matching”. You may have heard these lines on the radio or watched them in a commercial. These are all quotes from Wal-Mart advertisements promising the lowest prices. Wal-Mart is the biggest retailer in the world, with over 4,227 stores in the United States alone and 3,210 stores internationally.
Sam Walton opened up the first Wal-Mart store in 1962 in Rogers, Arkansas little did he know how that was the start of a now; one of the largest worldwide enterprises. Wal-Mart; the largest retailer in the world, is a publically traded company. Wal-Mart has a very detailed ethical responsibility to their stakeholders, to ensure that their business practices are ethical and in compliance with the financial and legal requirements of each of the countries that Wal-Mart operates in.
Ethics and Compliance Wal-Mart is one of the worlds leading companies financially, they have been widely recognized for many of there contribution (giving back to community), donations, foundations, military support, hunger relief, and world disaster relief programs. Wal-mart has also been recognized for working to reduce energy use and green house emissions buy continuing to transition to renewable energy and their goal is to one day only use energy that is derived from renewable resources. Wal-Mart has also joined with Humana, a health care insurance company, to create Part D Prescription Drug Plan, a plan that will offer patients the lowest national monthly premium in all 50 States and D. C. ( Walmart 2010) Since the decline in the economy Wal-Mart has continued to stick by their mission statement and sustained low prices and has created jobs, making the company successful globally. Walmart has gone to compelling lengths in recent...

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