ECG is a rapid growing firm for IT, supply chain management, customer management and strategic consulting. In this regard, it is mandatory for the firm to have a proper code of conduct which is well defined that covers ethical and other compliance matters. As we desire to obtain responsible commercial prosperity, we will have to equilibrate these principles against each other, evermore mindful of our promise to the customers to forever achieve responsible commercial success. A proper code of conduct for the ECG firm includes three business gifts and six uses of company, client and supplier resources. These areas which are that significant are explicitly stated as under: on the other hand, a business courtesy refers to hospitality/gift given by or on behalf of ECG for which fair market value is not paid by the recipient. The business courtesy must conform to the following requirements:-
Proper documentation:-The business gift must be properly documented in accordance with ECG accounting procedures and it will include in the documentation the date when the business gift was given to the recipient, the recipient, and the cost of business gift and the purpose of the business gift. The business gift could not cause embarrassment to or reflect negatively on, the reputation of ECG or the recipient.
Third party vender costs: The cost of business gifts such as transportation, lodging and meals provided by a third party vender of services or goods will be provided by ECG will be paid forthwith to that third party vender, rather than being reimbursed or advanced to the recipient of the business gift. Except with the written prior approval of the law department, a lot has been done to improve on the operation efficiency.
Company resources are meant to help employees achieve ERC business go9als. Misused or wasted company resources including employee’s time, is costly to all of us as a company and damages the financial and operational performance of ECG. We are all required to: - Avoid the use of company’s assets for personal gain. The use of other company’s resources such as those for communication is accepted but limited to the extent that it does not lead to any unreasonable cost and does not meddle with our business responsibilities. Respect and take care of ECGs assets and to ascertain that they are not damaged, lost or misappropriated in any way nor lent to others, sold, transferred without mandate or sanction.
Conclusion
As we desire to obtain responsible commercial prosperity, we will have to equilibrate these principles against each other, evermore mindful of our promise to the customers to forever achieve responsible commercial success. A proper code of conduct for the ECG firm includes three business gifts and six uses of company, client and supplier resources. These areas which are that significant are explicitly stated as under: The cost of business gifts such as transportation, lodging and meals provided by a third party vender of services or goods will be provided by ECG will be paid forthwith to that third party vender, rather than being reimbursed or advanced to the recipient of the business gift. Except with the written prior approval of the law department, a lot has been done to improve on the operation efficiency
