Assess the role of ethics and compliance in pepsi-cola financial Essay

Assess the role of ethics and compliance in pepsi-cola financial environment and procedures they have in place to ensure ethical behavior - Essay Example iding principles namely: prioritizing the welfare of the consumers; ensuring the quality of the products they sell; ensuring the integrity in all business dealings especially financial transactions; respecting other people and employing teamwork in all business dealings; including long-term short-term and goals; and embracing diversity as well as ensuring representation of all groups (Ferrell and Ferrell, 2010). Compliance is ensured through committees that formulate resolution strategies and establishes recommendations necessary to support them. The compliance committee is comprised of four subcommittees whereby finance sub-committee is one of them. The finance subcommittee is involved in maintaining financial accountability across all the company structures. PepsiCo commits to achievement of business and financial success that does not negatively affect the society and maintains a favorable reputation. The approach of the company is to ensure that the financial performance is chara cterized by integrity and enhances the shareholder value. According to PepsiCo Inc., (2010a), the company continues to promote impeccable financial performance through balancing both short-term and long-term goals and extending investments in the strategic global regions to compel sustainable growth. The management has also identified challenges that need to be overcome in attaining the company objectives. The management team of PepsiCo monitors the quality indicators in assessing the financial condition and the business results. According to Ferrell and Ferrell, (2010), the company is committed to maintaining strict corporate standards that ensure the integrity and accountability of all the company processes. This commitment is affirmed by the governance standards that the company applies. The policies applied by the company in achieving proper application of governance include Audit Committee Charter, Amended and Restated Articles of Incorporation, Corporate Governance Guidelines,

HUM CHECKPOINT WK6 Essay Example | Topics and Well Written Essays - 500 words

HUM CHECKPOINT WK6 - Essay Example The religion has five pillars that characterize the obligatory concepts of worship. Therefore, this paper will explain on the five pillars of Islam and the central beliefs in the Islamic religion as per the five pillars. It will also highlight the easiest pillar and which will be the most challenging to fulfill. Ideally, the Islamic faith has central beliefs in that there is believe in only one God and that one should pray in order to maintain a healthy relationship with Him. This becomes the most fundamental pillar in Islam, which is Shahadah. The second pillar in the Islamic religion is Salat, which is the prayer schedule that each follower should be adherent. The prayer schedule should be in the early morning, at noon, mid-afternoon, before sunset, and in the evening. Ideally, this makes the number of times to be five in a day. As a mandate, a faithful has to cleanse their bodies before any prayer session and need to bow down as a sign of submission to Allah. Thirdly, Islam religion has Zakat as its other pillar of religion that requires the faithful to give alms to the poor in the society (Natana, 2010). In essence, it is the duty of every Muslim faithful to try to eliminate economic imbalance. This can be through donating part of their money, time, and services to those who are underpr ivileged. Essentially, families and businesses give two and half percent of the total cost of their valuables and savings. In addition, the religion has Sawm as the fourth fundamental pillar, which is the ritual fasting as a sign of repentance. This comes in to pay especially during the Holy month of Ramadhan. During this month, Muslims abscond from eating drinking of having any sexual relations during daytime. The fasting helps the faithful to appreciate Allah for His provision, to repent their sins, and to keep the poor in mind. However, only the young children and those with severe medical conditions may not fast. Lastly, the fifth of