Seciton E

In: Business and Management

Submitted By HaiCheo
Words 1460
Pages 6
Section E. The Ethical Code of Sirius XM Radio. As a reputable company, Sirius XM has a Code of Ethics designed to mimic that of any other company of similar size, “This Code of Ethics embodies the Company’s commitment to conduct business in accordance with applicable law and the highest ethical standards. It is intended to provide guidance to help recognize and deal with ethical issues, to provide a mechanism for the reporting of unethical or unlawful conduct, and to help maintain a culture of honesty and accountability.” (Sirius XM) Naturally there is a lengthy list of practices/employees covered under the Code of Ethics so we did a bit of research to find out if the company had any breaches in this Code or if they were solid on their resolve to stay one hundred percent ethical in all their business practices. Right off the bat we are going to look at the Employee portion of the Code of Ethics under the label ‘Fair Dealing,’ where it states that “The Company expects its employees and directors to compete aggressively in furthering the interests of the Company. It also expects them to do so fairly, ethically and in a manner that fully complies with all applicable laws and regulations.” This seems to be uniform with a generic Code from most companies with the small exception that Sirius has a cost cutting practice of placing their interns under an unpaid ‘education’ bracket. “The satellite radio broadcasting company, which posted 2013 revenue exceeding $3.5 billion, does not pay its interns, instead offering only college credit for their labors.” (Zach Schonfeld) The real ethical issue with this practice is that not all of their interns belong under the educational bracket, this practice of not paying interns has lead to a class action lawsuit brought upon Sirius XM by Melissa Tierney, who in her statement she claimed “Sirius “wrongfully classified me [Tierney]…...

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