CORPORATES CODES OF CONDUCTS

Running head: CORPORATES CODES OF CONDUCT
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Corporates Codes of Conduct
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CORPORATES CODES OF CONDUCT 2
Corporates Codes of Conduct
Discussion 1
Walmart Inc. is a multinational retail company situated in the U.S and operates discount
stores, hypermarkets and grocery stores. The company was founded by Sam Walton I 1962 and
has its headquarters in Bentonville, Arkansas. The company has several stores and clubs is 27
countries operating under different names. It’s the world's largest company according to Fortune
Global 500 2019 list and thus the largest employer across the world with up to 2.2 million
employees. The company values are the source of its strength in business. The company’s values
states that “let values guide our decisions. Treat people with respect, put the customer first, strive
for excellence and act with integrity (McMillon, 2019).
The company has established a compliance office to ascertain that the values and the
standards guiding its business are followed to the latter. For instance, the company is accountable
through its Global Ethics and Compliance Program that enhances accountability and
transparency in its operations. Hence, the company empowers its associates to acts as required.
The company has also committed to enhancing its Global Anti-Corruption Program through
training and awareness programs. It implements various systems that manage worldwide permits,
licenses and various donations under the company’s policies (Nygaard, Biong, Silkoset, &
Kidwell, 2017). The company faces challenges in implementing its Codes of Cnduct since irt is
a multinational company. Hence, its weakness lies in coordinating compliance issues with all
staffs across the globe. The code reflects Walmart’s value system grounded in Utilitarianism. In
ethics, utilitarianism offers a management rationale for a corporation with ethical acts that offer
the greatest good for every individual. Walmart is committed to conducting business ethically, in