|Subject Name:||Governance, Ethics, and Sustainability|
|Assessment Title:||Code of Conduct|
You are required to read a series of news articles and other information about an Australian company. The details of the Australian company, the news articles and other information will be supplied to you in due course.
You must then draft a Code of Conduct for the Australian company that specifically addresses:
CODE OF CONDUCT FOR BHP BILLITON
The current research aims to illustrate a code of conduct for BHP Billiton, one of the most well known companies in Australian. BHP objectifies at working with integrity and care for each of its stakeholders and also focusing on the process by which each of the activities are done in the company.
There would be a number of principles stated in the current research for a basic guideline of code of conduct for the company. That would be helpful for each of the individuals associated with the company to have a clear idea of the steps that are needed to be followed for ethical integration in the company.
All the personnel of BHP are expected to adhere to the stated principles and abide by those consistently.
The principles stated below are expected to be abided by the personnel of BHP including the employees, board of directors and governors.
2.1 Integrity and honesty in each of the tasks done by the personnel of the company
As influenced by Velliaris, Willis and Pierce (2015), at the very beginning, there must be honesty and integrity of the employees who are working with the company. In this regard, the honesty of the board of directors and the higher officials of the company is of utmost importance as that would further motivate the employees to indulge into honesty. Thus, they are expected to do all the tasks of the company being fair and ensuring there is no detrimental impact of the tasks that they do. According to Blackburn, Carey and Tanewski (2018), it is extremely essential to set basic guidelines of roles and responsibilities for the employees which they should perform with the aim of abiding by those.
2.2 To curb any misleaded information provided to the higher officials of the company
It is extremely essential to provide information to the higher officials of a company. As opined by Kimber and Lucas (2017), the provision of important information to board of directors and managerial sector is an integral part of business because that determines the steps taken by the officials for the betterment of business. Along with that, it is also essential that the audit and the finance department provide the financial information of the company to them so that the strategy formulation can be done with an estimated budget and financial plan for the implementation of those. Therefore, as influenced by Garegnani, Merlotti and Russo (2015), all the personnel of the company must be very honest while catering information to the higher department for decision making.
2.3 There must be accountability of the people for their deeds and activities
Accountability refers to the sharing of responsibility of an individual in terms of the tasks that are done by him. In the opinion of Christensen et al. (2015), the personnel of a business must have accountability as that reflects to a smoother decision making process. Accountability also helps understand the loopholes and the weaknesses of the employees and other personnel and advising them the appropriate measures for bridging the gap in their professional skills. Thus, in order to have accountability of the employees the following code of conduct shall be abided by them
2.4 To work towards the betterment and well being of social, economic and environmental conditions of places it is operating its business in
Corporate social responsibility is an integral part of a business and thus, businesses are expected to impact the environment to the least. Moreover, they are always entrusted with the task of impacting the economy and society in a positive way with less detrimental impacts on them. As commented by Ni and Van Wart (2015), economic impact of a business associates the cost effectiveness of the products and that should comply with the quality of those as well. In addition to that, as mentioned by Heald (2018), it is also important that there is minimal impact on the environment due to the production processes of the company. Moreover, the marketing and promotional activities of a specific product and service are carried in such a way, so as to cater an adverse impact on the society and their well being.
2.5 Minimal use of resources of BHP Billiton with less threat to the environment, thereby, maintaining a balance in the ecosystem
All the important resources owned by the company must be taken care of by the personnel. The important resources of the company are information system, funds, technological system, property and services. As influenced by Bocken et al. (2014), the use of any of the resources by the subordinate personnel of the company must take place with prior permission from the senior officials and to everyone’s knowledge and notice.
2.6 Giving respect and sharing value to every other person working in the company
The company strongly stands against any form of unsocial activity towards other individuals and also bullying them.
2.7 Maintenance of privacy and confidentiality of the employees and customers’ private information
There shall be private information of the employees, the customers and the business as well; the accessibility of which to third parties shall be detrimental in any form.
2.8 To abide by the legal policies prevalent in the state in terms of business venture
Each of the personnel of the business must work in accordance with the legal structure and policies that is prevalent in the state legislature. As commented by Singer (2018), the breach of legal policies by business personnel shall result in imposition of legal consequences in them, leading to fine, loss of employment or imprisonment as well.
The code of conduct stated above needs to be followed by each of the members associated with BHP Billiton. Moreover, the code of disclosure of information needs to be abided by the former employees of the company as well. In case the company finds any individual not adhering to the aforementioned norms, he shall be subjected to necessary professional and legal consequences and shall be terminated from employment as well.