Ethics and Compliance - Hewlett Packard
Introduction
How a company conducts business is important. The U.S. Security and Exchange commission has established guidelines for publicly traded companies so investors and creditors have easy access to the information they need to evaluate the risk to invest or extend credit to a company (Kimmel, Weygandt, & Kieso, 2007). In this paper Hewlett Packard’s ethics policy, U.S. Security and Exchange compliance, financial ratios reported in their 2006 and 2007 annual reports, and filing with the U.S. Security and Exchange Commission are examined.
HO Ethical Behavior
According to Mark Hurd, Chairman and CEO of Hewlett-Packard the company wants to be known for ethical leadership so that employees can be proud to work for them, and customers and partners that will continue to do business (2008). Hewlett Packard considers it important to focus and understand the financial aspects of their business. To be successful and grow, Hewlett Packard must be on the right path to financial performance and at the same time focus on proper business ethics. Hewlett Packard must comply with federal, state,and local laws, regulation, and ordinances. Hewlett Packard must conduct business with complete honestly and integrity and in such a way that best serves the interests of the business, employees,and customers. Employees should avoid any situation that benefits, or appears to benefit the employees, such action could be in a form of a business transaction, gift, or favor.
Hewlett Packard’s Standard of Business Conduct (SBC) embodies the fundamental principles that govern the ethical and leg ...