The Berkshire Hathaway Inc. code of ethics is a corporate code of ethics. I Chose corporate because it is a corporation, and was written by upper level management as a guideline for possible ethical issues among all involved in the company. This code is written at a currently attainable level, as it gives as it a rough guide to confront unethical behavior. This code covers all members, employees and officers. This level is appropriate because it creates the basis of moral and ethical standards for this company.
This company has a set of rules in place to detect and prevent unethical behavior, such as when reporting ethical issues make sure they have all the facts, ask oneself what am I being asked to do?, clarify their roles and responsibility, discuss any problems with supervisors or upper management, report all violations without fear of retaliation, seek help from company resources, and lastly ask first act later. It addresses most of the conduct that is expected of its employees, Such as conflicts of interest. It is very detailed when dealing this area and is specific about what is considered a conflict of interest. Such as when a person private interest interferes with the business of the company Confidentiality is another example of this company’s ethical guidelines.
It is important that all information is kept in confidence and not shared with competitors, and all non- public information. This code of ethics is public and available to all covered parties. It also covers every member, officer, and directors. It also covers any subsidiary of Berkshire Hathaway Inc. it says in the very first paragraph of the code that it covers all members involved with the company. This company monitors the code with an audit committee of (to) which all reports of ethical issues go to. All directors and upper level management are told to report all issues directly to audit committee, and all other members should report to their immediate supervisor.
They also have a global hotline in which you can report ethical issues anonymously. If it is found to be a violation after being investigated the covered (guilty)party may be disciplined, include including demotion up to dismissal from the company. And violating it could also render criminal charges and civil liabilities. I personally would not change anything but I would definitely add to it. I think that there should be a more detailed description of discipline procedure. I would have liked to see a progressive discipline guideline, as well as more detailed examples of violations. And I definitely would raise the expectations of what is expected employees based on the type of company it is.