Saturday, February 4, 2017

The Strong Ethics of Alcoa

THE STRONG ETHICS OF ALCOA MONDAY, JUNE 27, 2011 Alcoa has a strong ethics and compliance program because their program includes: (1) A "Guide to Business Conduct, (2) They give global business conduct training to all employees, (3) They have a global ethics communications hotline, (4) They focus on violations of business conduct, insider trading, and anti-corruption policies by using the Business Conduct and Conflict of Interest Survey Certification, (5) They investigate fraud and other non-compliances, (6) They have an effective non-compliance risk assessment, (7) They have a records retention program, and, (8) They are a resource for businesses in compliance and ethical matters. They believe in ethical decision making that goes beyond legal and illegal choices and becomes critical when having to choose if it is legally acceptable. Their program of compliance, ethics and behaviors involves training, communications, investigations, records management, and reporting mechanisms. The training is designed to build awareness and skill in leaders of the employees they supervise in order for them to become aware of the ethical actions on the workplace through their actions and comments. Alcoa's ethics and compliance line is set up for employees to report their concerns and issues to their supervisors, work teams, and other professionals by installing a channel for communications problem solving. When employees need to report a concern or issue, they report the time and place, the individual’s involved and any other information that might be useful. The program is overseen by the Compliance Advisory Committee which is made up of the Chief Executive Officer, the Chief Financial Officer, the Global Director of Compliance, and the Director of Ethics, Compliance and Advisory Services. Alcoa has accountability and actions in order to protect its employees, customer, suppliers, and the company from any improper conduct. They do this by reporting concerns, resulting actions, doing the right thing, doing the right thing in the right way, by understanding correct work behavior, respecting people and the law in the workplace, and questioning and/or reporting activities that appear to violate Alcoa's values. Some of Alcoa's values are: the integrity to be honest, open and trustworthy when dealing with its customers, suppliers, coworkers, shareholders and the community that has a direct impact. Environment health and safety promotes and protects individuals' well-being from the environment. They support the customer's success by their values through innovative product and service solutions. They pursue excellence in everything they do. The people embraces change, new ideas and respect for the individual and the opportunity to succeed. The company earns a profitability that allows profitable growth and superior shareholder value. Everyone is accountable for their actions and values. The management of Alcoa must show committment through their actions and an environment where compliance is the norm. They must make sure all employees comply with Alcoa's values and principals. They must make sure that health and safety is maintained in each of the plants, offices and work sites. Alcoa shows respect and equal employment opportunity regardless of race, religion, color, national origin, age, sex, disability, veteran status, sexual orientation, or other factor, and applies to all of the following: hiring, assigning, promoting and dismissing employees. They should also allow for growth and development, recognize successes, selecting employees for training programs, and determining wages and benefits. Alcoa also does not tolerate any form of harassment, including the following: Jokes, threats, insults and unwelcome actions about a person's race, color, gender, age, religion, national origin, ancestry, sexual orientation, citizenship, disability, veteran status, social or economic status, or educational background. The company will also not tolerate unwelcome sexual advances, requests for sexual favors, unwelcome physical or verbal conducts of a sexual nature, or displaying objects of a sexual nature. Alcoa will also not tolerate any verbal or physical conduct that disrupts a person's work performance or creates a hostile work environment. The Board of Directors delegates a CEO and through him, they manage the day-to-day affairs of the company. CEO and management are responsible for the corporation in an effective manner. Alcoa has taken measures to make sure all employees and top executives follow the company policies and they have published a guide to teach and train new employees to the company policies and the actions that they won't tolerate such as sexual harrassment on the job and what will happen if it does happen. Alcoa is an equal opportunity employer who does not discriminate when it comes to hiring, assigning, promoting or dismissing employees. RESOURCES Alcoa: About: Corporate Governance: Ethics and Compliance: Ethics ... www.alcoa.com/global/en/...alcoa/.../sustainability_metrics.asp Alcoa Guide www.alcoa.com/global/en/about_alcoa/corp.../English_US_Guide06.pdf Alcoa ethics chief gets leadership praise - Pittsburgh Tribune-Review pittsburghlive.com/x/pittsburghtrib/.../s_551676.html?...rss... Ethical Climate Paper Prelim Findings www.aspaonline.org/.../Ethical%20Climate%20Paper%20Prelim%20Findings.pdf The Wal-Martization of Alcoa - The National Labor Committee www.globallabourrights.org/reports?id=0017 07 Managing Ethical and Legal Risks - Welcome to Vedpuriswar's ... by SR Sykes www.vedpuriswar.org/.../07_Managing%20Ethical%20and%20Legal%20Risks.doc

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