Ethical Behavior of Dan Amos of American Family Life Insurance Company (AFLAC) Essay
American Family Insurance coverage Company (AFLAC), a Fortune five-hundred company, and the Chief Executive Officer (CEO), Dan Amos, were just lately recognized by Ethiosphere Magazine as the World’s Most Honest Company pertaining to the fourth progressive, gradual year (Aflac Named Most Ethical Organization for Next Consecutive Year, March 2013). This honor is given to companies who also demonstrate a commitment to moral leadership, business social responsibility, and up to date practices.
More information about the methodology and selection criteria and the finish list of the 2013 World’s Most Ethical Companies can be viewed at http://ethisphere.com/wme. “The research-based Ethisphere® Company is a leading international think-tank dedicated to the creation, growth and showing of guidelines in business ethics, corporate interpersonal responsibility, anti-corruption, and durability. Ethisphere Journal, which posts the globally recognized World’s Most Moral Companies Rank, is the quarterly publication in the Institute” (Aflac Named The majority of Ethical Firm for 4th Consecutive Yr, March 2013). AFLAC has won this kind of award eight times. Lalu Amos started his job at AFLAC in 1973 as a product sales representative.
Having been promoted to President in 1987, Chief Operating Official (COO) in 1990, and Chief Executive Officer (CEO) and Leader of the Table in 2001 ( Reference point for Business, Encyclopedia of Organization, 2nd model, n. g. ). Through the first several years since the CEO of Aflac, revenue grew from $2. 7 billion dollars to $9. 6 billion dollars. Amos was responsible for the advertising campaign that featured the Aflac Duck. By 2005, polls reported that AFLAC and its mascot Duck was recognized by ninety six percent coming from all Americans.
Aflac’s revenue has grown over the years and now is reported to go beyond $25. some billion (AFLAC at a Glance, 2013). This quotation from Amos is very a sign of his philosophy, “Give your workers everything they have to succeed, and they’ll give everything they can to aid the business succeed” (AFLAC Named Most Honest Company intended for Fourth Successive Year, March 2013). Honest conduct according to Baack 2012 is definitely the observable words and actions designed to seek the goal of integrity in each day business. Lalu Amos features invested donations to fund cancer research and developed Georgia’s AFLAC Cancers Center in Atlanta’s Egleston Children’s Hospital. To date AFLAC features raised over $79 million in charitable contributions to children’s cancer.
Every executive within AFLAC need to sign and abide by the Code of Ethics intended for Chief Executive and Senior Economical Officers. Here is the overview with this document. Everyone is required to conform to all of the laws and regulations, rules, and regulations that govern the conduct of your business.
Elderly Officers possess additional management responsibilities, that include creating a culture of high ethical standards and commitment to compliance, retaining a work environment that stimulates employees to raise issues and promptly responding to employee conformity concerns (Code of Conduct, August 2013). All Elderly Officers need to report any kind of suspected infringement of this Code for Senior Officers. Any violations with this Code pertaining to Senior Officers may be susceptible to disciplinary actions, up to and including termination. This code of carry out is repeated throughout this entire corporation at every level. Their reputation is considered one among their most effective assets.
They will protect all their reputation since closely because they protect the physical assets of the company. This year signifies the twenty third year that Dan Amos has been the CEO of AFLAC. During his tenure, presently there have never recently been any company scandals or any convictions of business wrong doings.
Kemudian Amos and AFLAC have raised this business on the idea that integrity will similar profits. Aflac’s success will be based upon honest negotiations with customers, a fair merchandise for a good price, treating employees with respect, and paying a fair wage. References