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Holmes Code Of Conduct

1297 Words6 Pages

Introduction With a vast increase in the stakeholder interest to different business it is very important that the business look after with those. This makes it more difficult to run a business as a lot of things can go wrong or upset the stakeholders. In thus regard this report will provide a critical analysis on how, Wilson Bayly Holmes-Ovcon limited’s business strategy has evolved over a period of time in response to developments of the socio-economic issues, financial issues and environmental issues the company has faced during that period. The period that will be referred to specifically is from 211 to 2013. The sources of information will mainly be on the company’s integrated reports over the said periods, the environmental policies – …show more content…

The ethics and code of conduct is aligned to the principles of the King III report. The ensure compliance by employees they are required to sign as proof of understanding and agreeing to honour it. The company notes that with the reputation it enjoys its actions should not contravene the code of conduct as this can have an adverse result on the company’s reputation. This code of conduct requires that each employee complies with completion legislation in the interest of society. The requirement of strict compliance of the code of conduct also seeks to eliminate practices like collusive tendering/ bid rigging, dividing markets and price fixing which are practices that affect society by keeping them out of the market. The code of conduct include, amongst others, provision preventing bribery and corruption, promoting honesty, transparency and integrity, avoiding conflict of interest, ensuring equality, considering cost on spending, teamwork, prohibition of illegal or misuse of legal drugs, alcohol and other substance abuse, harassment and bullying, acceptable use of electronic communications, matters relating to gifts and hospitality with the aim to avoid corruption and bribery, legislative and regularities adherence all these are to ensure that all internal personnel ensure that the company continues being a good corporate citizen. King III application assessment, WBHO has complied with the following provisions in full; ethical leadership and corporate citizenship and partially with; boards and directors, audit committee, the governance of risk, the governance of information technology, compliance with the laws, rules, codes and standards, internal audit, governing stakeholder relationships, and integrated reporting and

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