- 23/02/2013
- Posted by: essay
- Category: Free essays
System of inquiry is a serious formal document for every organization, because it allows not only regulate the working process, but also regulate attitude between personnel and can answer on many questions of every organization life span. It is a kind of existing code of ethics that has many advantages in its implementation. I would like to discuss in this paper developed system of inquiry that can be used in evaluating decision-making, problem solving, and behavior in a business setting. I would use it in imaginary situation and will explain its benefits for my organization with more details.
For the beginning of this paper it is necessary to mention that according to Churchman (1971) “a system of inquiry or code of conduct serves as a comprehensive document that details the guidelines that are considered acceptable for an employee of the company. The employees who adhere to the policy contribute to the organization’s overall success; the tool is used to evaluate decision-making, problem solving, and behavior in a business setting. All the employees within the company is responsible for acknowledging receipt and comprehension of the company’s code of ethics via electronic signature and the document is available on the company’s website for reference throughout the year. Employees have multiple resources to assist with the decision-making process, the local human resources manager, email addresses, and contact numbers for the compliance offices and a toll free compliance hotline.” In my case system of inquiry or code of ethics should be accepted on the council-board of directors and have official power for every person in organization. I will use imaginary organization Triple Dialog and will develop the system of inquiry for this organization.
Let’s begin our discussion from the next information. Presently Triple Dialog occupies and intends to save in the future leading position among the investment banks of our country. In its activity Triple Dialog follows high standards, norms and principles of business turn, accepted in an international association. Triple Dialog is proud of the reputation, honest attitude toward clients, partners and employees. There is Dialog in becoming and development of Triple, and also in forming and strengthening of position of Triple Dialog in a business-association an important role was played and play professionalism of guidance and employees of Triple Dialog, and also those principles of corporate conduct, policy and ethics, which Triple Dialog stuck during the whole way of own development. We trust firmly, that the following of these principles is the mortgage of successful development of Triple Dialog and in the future.
Triple Dialog is a company, working in the conditions of developing economy. Firmly adhering to principles of social responsibility, Triple Dialog aims to become an example for other companies in the observance of codes of corporate conduct, business ethics and rules of conduct of business. We are convinced, that exactly the following principles of corporate management and transparency is determined by general direction of development our industry, in particular, and economies of country on the whole. Our country is a house, where Triple lives Dialog, and an anxiety about prosperity of our country was and will in future be one of the priority directions of our activity.
According to the aims and basic principles of the code of ethics we can say that the real Code fastens key principles and rules of activity of Triple Dialog. The principles of corporate conduct and ethics of conduct of business expounded in the real Code got approval and are obligatory for execution by all shareholders, directors and employees of Triple Dialog. Adherence fastened the real Code of principles of corporate conduct and ethics of conduct of business in combination with high professionalism of employees of Triple Dialog, by accordance with a company to the norms of current legislation, will allow to provide the maximal productivity of Triple Dialog, its openness and transparency for shareholders, clients, business partners and employees of the company. It is necessary to add that the real Code is used equally with corporate regulation of Triple Dialog. The last regulates activity of Board of directors, President and other corporate organs of company in detail, and also contains the detailed description of their rights, duties, principles of mutual relations, equal as procedures of conduct and meetings, voting, making decision and feasance of other corporate actions.
Observing the normative requirements of laws of those states which regulate the activity of Triple Dialog, a company strictly adheres to the internal rules and procedures, which answer interests of shareholders, clients and employees of company, and also serve strengthening of business reputation of Triple Dialog. All internal procedures, rules and positions of Triple Dialog must be corresponding by the principles, stated in the real Code. They are called to create mechanisms, terms and methods of application of the principles expounded in the real Code. Accepted by shareholders and by directors of Triple Dialog decision must not contradict the proclaimed real Code principles. Adherence of the set rules and adherence to the corporate values of Triple Dialog are the mortgage of success of company and condition for maintenance and development in it of high ethics standards. According to this document the shareholders of the company and leaders of all links have no right to make decision or carry out some actions which can inflict harm to the business reputation and to the interests of Triple Dialog.
Analyzing above said information we can say that the system of inquiry is one the main and most important documents of the company with the title Triple Dialog and all its members should coordinate their activity with the rules that consists in this serious formal document. And saying about its implementation we can mark out that the real Code spreads on all employees of Triple Dialog. In the case of failure to observe of positions of the real Code a company reserves a right to apply the proper measures of disciplinary influence.
Describing the relationships with shareholders we can say that observances and defense of rights for the shareholders of Triple Dialog are basic principles of its activity. At making decision director of Triple Dialog must follow interests of shareholders. According to this fact, shareholders have the right to have the representatives in Board of Directors of Triple Dialog. A presence in council of Directors of representatives of shareholders creates terms for independent work of Board of Directors that is important for providing of defense of rights for the shareholders of company. In obedience to corporate regulation and current legislation, shareholders have a right on an acquaintance with all basic documents concerning economic activity and financial reporting of Triple Dialog.
Accentuating on the main principles of work of the committee of directors we should dwell our attention on fact that it should work like an integral corporate structure, and every its member, individually, are the trusted persons of shareholders of company and accountable shareholders on the whole. The committee of directors must conscientiously and it is reasonable to execute the duties laid on it in behalf of company. Besides and in addition to plenary powers, to fastened laws in force and constituent documents of Triple Dialog, in the term of references of Board of Directors approval and control of business plans realization, claim of principles of indemnifications, strategy of development of company, assistance President and managing directors in the decision of the put tasks, and also determination of principles of corporate conduct and ethics of conduct of business on the whole. Councilors must not divulge and use in the personal interests or in behalf of the third person confidential information about Triple Dialog and internal information that can cause the conflict of interests with shareholders and clients of the company. Councilors have right to get any information, necessary for execution of their duties. In relate to documentation it is necessary to mention that an annual report, documents about delegation of powers or other reports, must contain information about the appointed councilors, their basic professional skills, experience, membership in other organs, and also other information about their professional activity, allowing to estimate meaningfulness of their contribution to activity of Triple Dialog.
President and managing directors are main organs that can regulate and direct the activity of the company to the right way. President of Triple Dialog is an individual executive branch, guarantor of implementation strategy of company, its development and achievement of tasks and aims, determined shareholders and committee of directors. A president presents interest of Triple Dialog and carries out managing activity of the company. A president possesses freedom of making decision within the framework of the set policy, mission, and tasks of the company which are ratified by shareholders and by the Board of Directors. Managing directors of Triple Dialog are responsible for realization of strategy, achievement of aims and implementation of company’s tasks, and also decisions, accepted by the shareholders of Triple Dialog, by Board of Directors, President, that requires high professionalism from managing directors. At implementation of the duties every managing director must follow interests of shareholders, clients and employees of Triple Dialog. Managing directors must work in a close collaboration between themselves, with President and Board of Directors.
Like an every contemporary company Triple Dialog has own policy in relate to employees, because they are its main treasure and the questions of payment of labour and increase of professional skills of workers of Triple Dialog present the special importance for guidance of the company. The system of labour payment must correspond to standards, principles and methods of market estimation of labour for maintenance for the employees of motivation to follow the front-rank standards of conduct of business and develop professional knowledge and abilities. Triple Dialog is welcomed by active voice of employees in life of company that is instrumental in development of corporate culture and internal collaboration. Triple Dialog estimates and in every way encourages any ideas of employees’ realization, which can be important for development of the company.
Correlation of norms of laws and real Code promote the principle that the real Code conforms to the normative requirements, to operating in jurisdictions in which founded and Triple Dialog operates or any its daughter’s and dependent firm. In the case of change of applicable legislation the real Code is also subject of a change for the aims of bringing to conformity.
Clients and business partners are also mentioned in the present code of ethics, because they are constituent parts of any organization life span. Triple Dialog oriented to the grant of services to the wide range of clients. Strategy of company is directed on permanent expansion of client base and increase of level of customers’ service. Triple Dialog cares of interests of every client in an equal degree. Defense of interests of client is basic principle of activity of Triple Dialog. The main principle for every organization that works with people is to “know the client”, I don’t mean to no the face of each client, but to know every client necessities and do all possible on the way of their satisfaction. All members of the company should respect each other and their clients, but the policy of Triple Dialog has the strict rules and during the establishment of contractual relationships with a target audience, it does not accept as clients persons, characterized by an unethical conduct or by the conduct that lead to the illegal activity, and also persons, whosesoever professional activity is transparent for Triple Dialog and can not be properly appraised.
The company’s reputation is necessary part of its activity and the company must be sure that relationships with a new client will not be a threat for its reputation, and possibilities, given by Triple Dialog will not be used by such client for the aims of legalization of profits, got by the criminal way.
Thus, taking into account all above said it is possible to conclude that the system of inquiry is necessary for my imaginary company and I prove with examples how members of the company can use it in the aims of their conduct regulation. I want to add that it was not the full version of the code of ethics and use in my paper only its main components that seemed to me the most interesting for discussion. In my judgment code of ethics will influence on my organization in positive way, because it will increase work’s productivity, allowing people not to think every minute how to behave themselves in ordinary business situation and spend time on unnecessary thoughts. I strongly believe that strict structure and right organization is the key to success for every organization and in our case this key is called system of inquiry and its project was presented in the frames of this paper.
References
Ainley, D. and Ellis, G. (1998). Science Problems – Things to Investigate. Cambridge University Press, Cambrige.
Churchman, C. W. (1971). The Design of Inquiring Systems: Basic Concepts of Systems and Organizations. Basic Books, New York.
National Research Council: 2000. Inquiry and the National Science Education Standards. National Academy Press, Washington, DC.
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