Alcoas Core Values in Practice Ethics and Integrity

Case Study: Alcoas Core Values in Practice Alcoa seems to live by an integrity approach. To wit: Alcoa had a very strong values-based culture. ... In 1985, Fred Fetterolf, then president, decided the company needed to document the values that all employees must live by: Integrity; Environment, Health, and Safety; Customer; Accountability; Excellence; People; and Profitability. Its later CEO Paul ONeill, empathized workplace health and safety to be one of the most important principles that all employees should abide by. Alcoa also implemented a global ethics and compliance program, and closely complied with the U.S. Federal Sentencing Guidelines and Sarbanes-Oxley Act. In order to ensure that employees were adhering to the companys integrity approach, Alcoa appointed an ethics and compliance officer who regulated the companys a global code of conduct and continuously reported top Board on maintenance of not only its prescription with code but also on its ethics and compliance training for employees, as well as other related systems. Studies on business research constantly show that one of the most enduring and significant factors of business success is integrity since customers trust them and they win friends as well as win more clients due to the word-of-mouth reputation. Business integrity has to be deep and seep through its various layers. With it survives and flourishes. Without it, the business is short-lived. Alco possessed genuine integrity. It was likelyShow MoreRelatedAlcoas Case923 Words   |  4 PagesAlcoa’s Case Study 2 1. How would you classify Alcoa’s ethical climate? Which ethical criterion, as shown in figure 5.1., was used by the company: egoism (self-centered), benevolence (concern for others) or principles (integrity approach)? Or, using Professor Paine’s two distinct ethics approaches, as discussed in this chapter, was Alcoa’s approach more compliance or integrity? Alcoa since its inception had a very strong values and the people itself enforce these values, all the employees knewRead MoreEssay about Alcoa’s Core Values in Practice680 Words   |  3 PagesAlcoa’s Core Values in Practice BUS 250 Alcoa’s Core Values in Practice The Aluminum Company of America (Alcoa) was founded in 1888 as the Pittsburgh Reduction Company. In 1907, they changed their name to Alcoa and had strong values based culture. â€Å"In 1985, Fred Fetterolf, then president, decided the company needed to document the values that all employees must live by: Integrity; Environment, Health, and Safety; Customer; Accountability; Excellence;