Analysisn of Premier Food`s Code of Conduct and Business Ethics Essay

Analysisn of Premier Foods Code of Conduct and Business Ethics - Essay fountThese values are reflected not only in the companys formula of conduct, but in Premier Foods annual report to shareholders which emphasise collective social responsibility as a key business success factor. Critical analysis of Premier Foods Code of Conduct Premier Foods has established its autograph of conduct, a document illustrating the expectations of both managers and employees to satisfy demands for ethical business behaviour. The code of conduct stipulates that manager should be leading by example as head as creating a decentralised environment in which employees are allowed to express their concerns openly (Premier Foods 2012). Premier Foods identifies one of its core values as trust (Premier Foods 2012), the base by which employees are willing to follow leadership guidance and example. According to Farrell and Knight (2003, p.541) trust is embodied in the regulations, rules and policies by whic h leaders seek to overreach accepted by others. The code of conduct acts as both a reinforcement of expectations of ethical behaviour and also as a sanction by which to ensure compliance, backed by managerial role modelling of desired behaviours to gain employee commitment to achieving strategic goals. Premier Foods establishes an ethical climate by utilise the code of conduct to promote social justice. Under social justice theory in ethics, it is assumed that every individual in society or in the organisation maintains an inviolability of justice and human rights that cannot and should not be overridden by the broader organisational culture (Rawls 2005). The expectations of managers in promoting equality and rights in the workplace are reflected in the integrated code of conduct, emphasised under the companys treating people fairly guidelines. Premier Foods ensures that fair treatment is imposed on the employee population with decisions made found on individual merit (Premier Foods 2012). The company also ensures equal opportunities for all employees through objective management systems. These aforementioned managerial responsibilities highlighted in the corporate code of conduct are designed around transformational leadership theory, one in which managers are interactive with employees, regularly impart mission and vision principles to gain commitment, and where managers utilise role modelling to promote ethics under social learning theory (Fairholm 2009 Schlosberg 2006). This is how trust is instilled into the organisation the business does not simply promote its whim in social justice and equality, but injects a clear example of its ethical values into the philosophy of management utilised by leaders in the organisation. Premier Foods is able to maintain its tight and unified corporate culture by not deviating from management theory that promotes equality and shared decision-making. Leaders who are ethical demonstrate a level of integrity that is imp ortant for stimulating a sense of leader trustworthiness (Resick et al. 2006, p.348). Grieves (2010) iterates that change must be a negotiated order in order to gain employee commitment and loyalty. The conception of social justice and equality, as two components acting as the foundation of trust, are reinforce by establishing expectations for managerial behaviour under visionary or transformational