Ethical Management of Levi Strauss & Company

Levi Strauss & Company
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Levi Strauss & Company
Overview
Levi Strauss is a well-known and popular fashion brand that has been around for a long time, and they are fully aware of its success. The company has an old-fashioned perspective and was too combative to open other doors to change their business. They believed in pushing the traditional method of conducting trade, which led to failure and commercial loss. The markets and fashion trends changed every year, putting pressure and high expectations on them to keep up, and they needed to catch up. As soon as their clients began to demand change and grumble, Levi Strauss, opted to ignore it. The CEO adopted an employee leadership style where all decisions focus on community projects and charity financing rather than making money. This case study will look at the company's ethical values and business practices and the influence of ethical management on the owners, investors, customers, employees, and the community. The company's sense of responsibility is a significant aspect of its history and future success (Siegall, 2020).
Levi Strauss & Co.'s ethics and compliance team oversees company ethics globally and provides continuing compliance-related counsel, guidance, resources, training, and communication. A dedicated corporate compliance team and region-specific subject matter specialists manage the global ethics and compliance program. The company's ethical and compliance program is international in scope with a regional focus. Based on industry best practices, benchmarking, and regulatory guidance, the program is anchored by a successful compliance program's widely recognized seven characteristics. Compliance Program Oversight & Leadership, Compliance Operations & Strategic Planning, Policies, Procedures & Guidelines, Investigation & Disciplinary Action, Third-Party Compliance, Risk & Due Diligence, Anti-bribery & Anti-corruption Auditing & Remediation, and Compliance Training & Communication are the seven elements of the compliance program ("Levi Strauss & Co. - Governance - Ethics & Compliance", 2021). Levi Strauss & Co. conducts frequent evaluations, develops annual compliance plans, and reports key compliance metrics to the company’s Board's Audit Committee to ensure that their compliance program continues to improve and be effective ("Levi Strauss & Co. - Governance - Ethics & Compliance," 2021).
The ethical principles of Levi Strauss are the beliefs that establish the ground rules for the company's owners, customers, community, and employees. Levi Strauss & Co.'s ethical principles are:
Honesty: The Company will not say anything misleading, will never intentionally mislead, and be as honest as possible, sharing information openly and freely as suitable to the relationship.
Keeping promises: The organization will go to considerable measures to keep its promises. They will not make promises that they will not honor, even if they are making them on behalf of the company.
Fairness: The company will design and implement a process and produce just, evenhanded,...