Ethics in Business

CODE OF ETHICS FOR BARCLAYS BANK Name Institution Affiliation Course Date of Submission CODE OF ETHICS FOR BARCLAYS BANK Barclays is one of the major global financial players that boast a financial history of over 300 years and operating in over 50 countries. Barclays has more than 150,000 employees. Barclays prides itself of having reputation for integrity, within their business conduct and management system, with they appreciate is vital in their attainment of the commercial goals that they aspire for, as well as the fulfillment of their corporate responsibilities. Barclays recognizes this as their license to operate which is also a fundamental that they are committed to protect and strengthen. The corporation therefore expects that each of its employees, and those who are attached to them in any way, to conduct themselves observing high professional and ethical standards (Barclays group, 2011). This expectation they say, applies equally to all, notwithstanding their roles. Their Statement on Corporate Conduct and Ethics spells out the behaviors and standards of conduct that are required by the company. Their code of ethics is anchored on their guiding principle which is: winning together, customer focus, best people, pioneering and trusted. Further, every employee of Barclays is expected to confirm annually that they have read and understood the company`s code of conduct that are relevant to their role in the business, this is a part of their performance and development review process. Moreover, Barclays encourages any employee who feel that the company is not meeting the outlined standard of conduct as provided by the relevant code of ethics and their supporting guidelines and policies to raise the issue through any communication means. The policy on ethics, standards and conducts applies to all the employees and workers of Barclays group, these includes the staff of any subsidiary that the company has a controlling interest, agency workers, contractors and consultants, notwithstanding location, or function, grade or standing (Barclays group, 2011). Considering that Barclays is a service business, one of the tenets of its code of ethics is how it should be applied to its customers. In relation to dealing with its customers its principle is treating customer fairly (TCF). Barclays recognizes this as the fundamental to how it conducts its business, and to uphold this, the corporation formulated ten aspiration principles falling under the TCF tenet. These principles are universally applicable in all their businesses globally. These principles were formulated as a demonstration of the corporation`s commitment to their customers around the world. These standards require that for each business that is Barclays operates or is associated with the company: * They must anticipate the impact of a strategic change in their customers * They take to providing appropriate products and services to th...