The Sarbanes-Oxley Act played a crucial role in improving ethical and legal standards for employees and investors, while holding top executives more accountable. But in today's business environment, there is still relentless pressure to outperform one another. Under such conditions, legal and ethical issues become a concern for all business personal. Alcoa maintains reliable business conduct that is ethically and legally sound for all individuals under their business platform, and requires each of them take a personal responsibility in achieving this goal. We will take a close look at Alcoa’s success in setting higher standards for ethical and legal requirements.
In 2007, Ethisphere Magazine listed Alcoa as one of the world's most ethical companies. Less than 100 companies, out of thousands where chosen to represent this award. The companies where acknowledged for there, “Strong leadership in ethics and compliance, advancement of industry discourse on social and ethical issues, and positive engagement in the communities in which they operate.”
With Alcoa’s continuous expansion into various countries, conventional business practices are sometimes uniquely different. Certain forms of corruption or dishonesty may be a common practice within the countries borders. Alcoa utilizes anti-corruption training, compliance hot lines, audits, and takes appropriate measures when violations are revealed.
For all suppliers and customers, Alcoa provides a four page guide to business conduct. The guide clarifies what is expected from employees and business partners. Critical issues are addressed such as conflicts of interest, proper use of funds, gifts and entertainment requirements, sharing information, behaving correctly at work, and understanding the values A ...