EasyJet Airline Company Essay Example | Topics and Well Written Essays - 2500 words

EasyJet Airline Company - Essay useThe timeline of EasyJet Airline reportedly started in March of 1995 as founder Sir Stelios Haji-Ioannou was noted to excite offered flights at importantly low f ares in Europe. Currently,it boasts of being Europes leading airline,operating on oer 600 routes across 30 countries with our fleet of over 200 aircraft, employing over 8,000 people In its almost 18 years of organizational existence, EasyJet was noted to have been governed by a principle of conduct to guide the behavior and decision-making processes of its personnel. The paper hereby presents a overcritical evaluation of the code of EasyJet Airline through a description of the code and by thoroughly assessing the codes effectiveness in demonstrating the companys values and conformity to business ethics. Critical synopsis of the Code The organizations code was found under the title establishment on their official website http//corporate.EasyJet.com/about-EasyJet/governance.aspx?sc_lang= en. Upon initial glance, the governance page tolerates information that indicates that the organizations board of directors commissioned setting principles and respectable policies, of which, it was explicitly emphasized that the key to these principles is working in an open and honest manner (EasyJet Airline, Governance, n.d., par. 2). Likewise, the code was manifestly patterned from the UK Corporate Governance Code which allegedly requires the following information to be disclosed impairment of reference for the Finance CommitteeTerms of reference for the wages Committee... ance Committee Terms of reference for the Remuneration Committee Terms of reference for the Audit Committee Terms of reference for the Nominations Committee Terms and conditions of conflict / reappointment of the non- executive directors Matters reserved for the Board Non-Audit Services Policy (EasyJet Airline, Governance, n.d., par. 3). Finally, two (2) other documents were disclosed to be embodied and a ccessible (1) Corporate Governance Pages of the Annual Report and (2) division of responsibilities of the Chairman and CEO (EasyJet Airline, Governance, n.d., par. 4). The Corporate Governance Pages of the 2012 Annual Report are found on pages 44 to 48 and contain the following major portions, to wit principles statement, statement of compliance, leadership, directors conflicts of interest, board engagement with investors, board committees, relations with investors, inwrought control, risk management and internal audit (EasyJet, Corporate governance, 2012). The Ethics Resource Center has recommended a code outline that should apparently contain the following format I. MEMORABLE TITLE II. LEADERSHIP LETTER III. TABLE OF CONTENTS IV. INTRODUCTION-PROLOGUE V. CORE determine OF ORGANIZATION VI. CODE PROVISIONS-SUBSTANTIVE MATTERS VII. INFORMATION AND RESOURCES (Ethics Resource Center, 2009, p. 1). From the course modules, it was explicitly defined that the contents of honourable cod es are as follows standard of conduct, obeying the law, employees,consumers, shareholders, business partners, community involvement, public activities, environment, innovation, competition, business integrity, and compliance/monitoring (University of Salford Manchester, What is the content of ethical codes?, 2012, p. 6 Crane and Matten, 2007).