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Week 4

In: Business and Management

Submitted By baez
Words 338
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Lowes Ethics and Compliance

FIN/370

Introduction
Role of Ethics and Compliance
Processes and Procedures Lowes takes pride in making sure that its employees maintain a level of professionalism as well as follow a strict code of ethics. Within the Code of Conduct and Ethics document that Lowes distributes to its employees, third party vendors and board members they discuss in detail the expected performance of each individual. This performance is not only based on day-to-day interactions but also with federal and state regulations. Since Lowes is a retailer more than likely the largest ethical concerns would be fair treatment of employee’s friends and family. According to "Code Of Business Conduct And Ethics" (2012), “Therefore, every Employee, while acting on behalf of the company, shall comply with all applicable domestic or foreign governmental laws, rules and regulations, and should avoid engaging in any conduct that, even if legally permissible, that is inconsistent with the ethical principles to which Lowe's subscribes.” This statement shows how passionate Lowes is about their ethical standards and what the company expects from their employees. Stating that regardless if something is “lawful” by domestic or foreign laws that certain actions will still not be tolerated if it is against the policy that Lowes enforces. Lowes gives ample information concerning different ethical and legal situations that employees may find themselves in. Within the conduct and compliance guide Lowes also give contact information for those people who may come in contact with unethical situations. The procedure instructs employees on who to contact and how. Lowes does not state with in the code of conduct what the penalties are for offenders. Although, this information does not ensure ethical behavior it equips employees with information to avoid...

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