In running, an organization there has to be key players who are in charge of the daily business needs. Organizations have a President, Officers, Treasurers, Chief Financial Officers and Chief Executive Officers to name a few. These employees are in charge of making sure the business is successful and profitable. If the numbers or the bottom line does not look good, these employees are accountable for the results. Looking at fortune 500 companies like Pepsi-Cola, ethics and compliance standards are provided that need to be adhered to, to stay profitable. Ethics play a big part of any organization. As soon as a company does something that is unethical, or not compliant, they can be on the news in a second. Keeping a company on the up and up will help with profit and stock prices. Reputation is a big deal in the business world. Pepsi-Cola is a good company and remains ethical in the marketplace.
SEC
SEC-RF53JXA
Advertising sign for Pepsi ColaWhen reporting financial information, Pepsi-Cola needs to make sure they are following the guidelines that the SEC has established. Misleading investors, employees and customers can be detrimental to a businesses success. When reporting quarterly financial information, Pepsi-Cola needs to make sure the data they are sharing is correct. If for some reason the information is audited and wrong, there are heavy fines and possible bankruptcy if a business could not handle the scrutiny it would be under for falsifying financial information. Pepsi-Cola has guidelines in place to make sure they are ethical and compliant with all business processes and procedures set up by the SEC. Ethics and compliance role in the Pepsi-Cola organization is of the utmost importance. If the company says something will be reported, it will. Pepsi did well financially in the first quarter. If a company stays ethical and compliant, there will...