McDonald's four types of control mechanisms (ways controls are applied) used in the “McDonalds” organization. 1, Administrative rules and policies: Code of Conduct for the Board of Directors at McDonalds; The members of the Board of Directors of McDonald’s Corporation acknowledge and accept the scope and extent of our duties as Directors. We have a responsibility to carry out our oversight responsibility in the interests of all McDonald's shareholders, within the scope of our authority and consistent with our fiduciary duties and our governance documents. The Board of Directors has adopted the following Code of Conduct and our Directors are expected to adhere to the standards of loyalty, good faith, and the avoidance of conflict of interest that follow: Board Members will: Act in the best interests of, and fulfill their fiduciary obligations to, all McDonald’s shareholders; Act honestly, fairly, ethically and with integrity; Conduct themselves in a professional, courteous and respectful manner; Comply with all applicable laws, rules and regulations; Act in good faith, responsibly, with due care, competence and diligence, without allowing their independent judgment to be subordinated; Act in a manner to enhance and maintain the reputation of McDonald’s; Disclose any potential conflicts of interest, including those that they may have regarding any matters that may come before the Board, and abstain from discussion and voting on any matter in which they have or may have a conflict of interest; Make available to and share with fellow Directors information as may be appropriate to ensure proper conduct and sound operation of McDonald’s and its Board of Directors; Respect the confidentiality of information relating to the affairs of the Company acquired in the course of their service as Directors, except when authorized or legally required to disclose such information; and Not use confidential information acquired in the course of their service as Directors for their personal advantage. A Director who has concerns regarding compliance with this Code should raise those concerns with the Chairman of the Board and the Chair of the Governance Committee, who will determine what action, shall be taken to deal with the concern. In the extremely unlikely event that a waiver of this Code for a Director would be in the best interest of the Company, it must be approved by the Governance Committee. Directors will annually sign a confirmation that they have read and will comply with this Code. Originally Adopted by the Board of Directors: As of May 22, 2003 Revised by the Board of Directors; As of July 19, 2010
Overall McDonalds Company policy: McDonald's is committed to conducting business ethically and in compliance with the letter and spirit of the law. This commitment is reflected in McDonald's Values. Inherent in each value is our commitment to be ethical, truthful and dependable and this is reflected through our Standards of Business Conduct which serves as a guide to making good decisions and conducting business ethically. Each year McDonald's employees certify that they have read and will abide by our Standards of Business Conduct. Employees also complete regular training on the Standards and various laws, regulations and company-specific policies. In addition, McDonald's and its employees in all countries must comply with the Foreign Corrupt Practices Act (FCPA). In general, the FCPA prohibits parties or political candidates for the purpose of obtaining or keeping business or improperly influencing government action. Included in the anti-bribery prohibition is a corrupt payment through a third party. In addition to the FCPA, anti-bribery laws in other parts of the world, such as the UK Bribery Act, have international jurisdiction and prohibit the giving of bribes to any Government Official as well as private entities and individuals. Employees in McDonald's international offices annually certify compliance with their local version of the Standards as well. McDonald's Global Compliance Office monitors and enforces the company's policies prohibiting money laundering, bribery and doing business with terrorist groups, as directed by the US Patriot Act, the FCPA and Executive Order 13224. Funding at McDonalds “McDonalds is a company with many options concerning funding and the money available to them. Diversity is a key factor at McDonalds in every facet of the company. It begins with delivering a great restaurant experience every time. Our owner/operators, suppliers and employees work together to meet customer needs in uniquely McDonald's ways. With the powerful alignment of our system and the Plan to win as the foundation, we will continue our winning formula: Building on the basics as we further modernize and differentiate the brand.”
Apr 21 McDonald's Announces Strong Sales and Earnings Growth for First Quarter 2011
March 8 McDonald's Global Comparable Sales Rise 3.9% in February
Feb 8 McDonald's January Global Comparable Sales Rise 5.3%
Shareholders, Investors, franchise owners and consumers all have some large determining effect on McDonald’s money. Even to some great extent the “non-profit” Ronald McDonald house plays a part in the cash flow at McDonalds Corporation. In fact McDonalds makes and donate the funds for an abundance of charitable causes. If McDonalds has borrowed any money in the past several years, they have managed to keep it a secret, so that probably isn’t likely. Just like the U.S. as a whole, McDonalds is hanging in there. McDonalds is proud to support several national, civic diversity and nonprofit organizations, including: American Indian Scholarship Fund; Asia Pacific Islander Scholarship Fund, Catalyst; Executive Leadership Council; Global Summit of Women; League of United Latin American Citizens; Multicultural Food & Hospitality Association; National Association of Asian American Professionals; National Association for the Advancement of Colored People; National Hispanic Leadership Institute; National Urban League; National Women’s MBA; National Council of La Raza; Organization of Chinese Americans; United Negro College Fund; US Business Leadership Network; Women’s Foodservice Forum; Awards & Recognition; Executive Leadership Council - Corporate Award and Corporate Executive Award for Don Thompson; Asia Society - Best Company for Promoting Asian Pacific Americans to Develop Workforce Skills; Black Enterprise Magazine - Top 40 Best Companies for Diversity; Working Mother Media - Best Companies for Multicultural Women; Hewitt Associates - 50 Best Employers in Canada; Hispanic Magazine - Top 60 Best Companies for Diversity; Latina Style and the Top 10 Companies for Latinas to Work.
UK’s Best Workplaces - The Top 50 Places for Women to Work Local Chapters of Ronald McDonald House Charities (RMHC), with support from RMHC Global, McDonald's Corporation and McDonald's restaurants, offer scholarships to students from communities who face limited access to educational and career opportunities. These scholarships are part of the RMHC and McDonald’s ongoing commitment to education. For more information and a list of local RMHC chapters participating in the scholarship program, please see the RMHC web site. McDonald's continues to be recognized as a premier franchising company around the world. Over 75% of our restaurants worldwide are owned and operated by our Franchisees.
The following publications consistently recognize McDonald's as a top franchisor: Entrepreneur Magazine – Every year, Entrepreneur Magazine lists its Franchise 500. Over the last several years McDonald’s has been recognized as one of the Top 10 Franchises. Franchise Times Magazine – McDonald’s has been ranked #1 on its list of top 200 franchises. USA Today – McDonald’s has been selected by the National Minority Franchise Initiative (NMFI) as one of the 50 Top Franchises for Minorities. Black Enterprise Magazine – McDonald’s was listed as one of the 40 best Franchises for African Americans.
3. Available human resources: Richard Floersch; Executive Vice President - Chief Human Resources Officer, Rich Floersch, McDonald’s Executive Vice President and Chief Human Resources Officer, is responsible for overseeing McDonald’s human resources function for its 400,000 company employees in 117 countries. As a member of the Senior Management team, he is responsible for the company’s talent management, leadership development, rewards, and employment branding programs. Floersch joined McDonald’s from Kraft Foods International in 2003, where he had served as Senior Vice President of Human Resources since 1998. In this role, Floersch was responsible for all HR aspects of this Fortune 100 organization, which employs 50,000 personnel in 66 countries. Prior to this post, he was Vice President of Corporate Compensation at Philip Morris. Before the Philip Morris assignment, Floersch was based in the Chicago area, working for Kraft Foods North America as Vice President of Compensation. Floersch is a member of the Board of Directors for the HR Policy Association, a public policy advocacy organization representing the chief human resource officers from more than 270 leading employers across the U.S. and sits on the Personnel Roundtable. In 2008, he became the fifth recipient of the Hunt-Scanlon Advisors’ HR Leadership Award and was also named by Human Resource Executive to its Honor Roll. In 2009, Floersch was inducted into the National Academy of Human Resources (NAHR). Floersch earned his bachelor’s and master’s degrees in Business Administration from the State of University of New York at Buffalo. Rich and his wife, Meg, live in the Chicago area, with their four children.
HUMAN RESOURCES: McDonald's Corporation
Recruitment Services
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Internships are popular and common at McDonalds. Internship can be applied for online where McDonalds Hamburger University (Illinois campus) has a popular website.
Here is a list of Business Functions that Corporate McDonald's may have job opportunities in: Administrative, accounting, air Travel, architecture/construction, communications, corporate tax, customer Satisfaction, distribution/Logistics, engineering, environmental affairs, facilities systems, franchising, government relations, human resources, information services, insurance, legal, marketing, media relations, product development, purchasing, quality assurance, real estate, restaurant operations, and treasury.
4. Communication methods: McDonalds is a communications leader utilizing every aspect of the media within the company and with outside promotion, including computers and social networking, popular phone applications etc. The McDonalds Corporation is in or making use of every form of media available. Creative packaging is a good example, at McDonald's, packaging is more than paper--it's a unique opportunity to make meaningful connections with more than 58 million people worldwide every day. Extending story and quality through one of our most visible mediums, we're moving forward in the areas that matter to you, our customer. Whether you're curious about our ingredients, or the freshness of our food, or committed to more environmentally responsible practices, our main goal is to meet you where you are. Research confirms that the new packaging conveys honesty and openness with customers and reminds them of our food’s quality and freshness.