Unit IV Outline of Siro Mining Limited's Code of Ethics (Term Paper Sample)

Outline of Siro Mining Limited’s Code of Ethics
Name
Institution
Course
Introduction
Before a business comes up with a code of conduct that everyone respects and adheres to, it needs to lay out a good foundation on what entails a good code of ethics. A good code of ethics must apply to everyone, from new hires to company directors. Business should not compromise its codes of conduct to survive when the market is tough. Transparent and accountable codes of conduct will also impact on the reputation of the business. Finally, the code of ethics has to keep up with new technology, regulations, and conditions that affect employees (Bowie, & Schneider 2011).
Siro Mining Limited
Siro Mining Limited is an international mining company operating in the mineral-rich Democratic Republic of Congo. Siro mining has a global reputation for mining, cutting, and supplying world’s best diamonds.
Guiding principles
Siro Mining is founded on robust codes of conduct. These codes of conduct apply to all employees, regardless of their position in the company. On the foundation of these codes of conduct, Siro mining aims to build a team of workers that will provide an excellent result with the intention of impacting positively on stakeholders and clients. The code of conduct is built on trust of all stakeholders and integrity (Born-Lechleitner, 2015, p. 299).
Implementation/ communication
Siro mining derives values of professionalism, integrity, teamwork, transparency, and accountability from the codes of conduct. After recruitment, each employee is taken through a week of induction to ensure that they internalize and live up to Siro Mining’s codes of conduct. After the induction, every employee is put on a six-month probation period to practice these codes of ethics after which they are deployed to workstations.
Emphasis is also placed on employee education and specialization. Employee placement is done by their academic qualifications and scholarships awarded for promotion to ensure skill output maximization.
Enforcement and Reporting
Each employee is a custodian of these codes of conduct. As a result, incidents that undermine these codes of conduct will be reported by immediate supervisors, and colleagues to the disciplinary committee. An investigation will be carried out and appropriate disciplinary action taken.
Evaluation
Stakeholders are greatly concerned with how Siro mining will live up to its codes of conduct. To deliver on these concerns, Siro mining will adopt advanced technology to combat environmental pollution, provide both skilled and unskilled employment opportunities to the community in which it operates, provide fair remuneration, and reward employees for excellence. Siro mining adheres to the business and mining laws in DRC and international labor standards. Therefore, the codes of conduct adopted by Siro mining apply internally and externally. They cover all aspects of business and interaction with all stakeholders.
Conclusion
Siro mining limited and its employees are bound by the outlined codes of conduct in the dispensation of their duties. Any ...