Essay Example on Wells Fargo: Committed to Sound Corporate Governance Practices

The board and management of Wells Fargo are committed to sound and effective corporate governance practices. The reputation of the organization lies among the world's great companies for integrity and principled performance (Wells Fargo, 2020). The organization ensures that the organization's goals are aligned to those of the shareholders by doing the right thing, in the right way, and by complying with the code of ethics, rules and regulations that govern their business activities. The company earns its customers' trust by behaving ethically and holding everybody at the organization accountable for the decisions and actions they take (Wells Fargo, 2020). The Code of Ethics and Business Conduct guides the decisions and actions of executive officers and directors, and is an extension of the firm's vision, values and goals. The organization's ethics and integrity are critical in the work to build a better bank for all of the organization's shareholders. Due to the high expectations from stakeholders including customers, employees, vendors and communities, the organization tries to demonstrate ethics and integrity in all their activities and speaks up when they discover something unusual that could harm their customers, communities, team members or the company's reputation (Wells Fargo, 2020). The organization is doing an excellent job of balancing the interests of shareholders and stakeholder. The company calls on everyone to lead themselves, the team and the business in service to communities, customers, team members, shareholders and stakeholders (Wells Fargo, 2020). Every team member is expected to be a leader which means everyone should be responsible for maintaining the reputation of the organization and ensure that it always acts with honesty and integrity (Dyer et al., 2016). The company is also committed to full, fair, timely and accurate understandable disclosure of the company's financial reports and documents that it shares to the US Securities and Exchange Commission and other regulatory authorities including shareholders, stakeholders, customers, and the general public. Any decisions made by the management is equally shared to the stakeholders and shareholders in accordance with the legal and regulatory requirements (Wells Fargo, 2020).

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References

Dyer et al. (2016). Appendix A. Sources for External and Internal Analysis, 10-12.

Dyer, Godfrey, Jensen, & Bryce. (2016). Chapter 12: Strategy Implementation.

Dyer, Godfrey, Jensen, & Bryce. (2016). Chapter 13: Corporate Governance and Ethics.

Dyer, Godfrey, Jensen, & Bryce. (2016). Chapter 14: Strategy and Social Value Organizations (skim).

Wells Fargo. (2020). Leadership and Governance. Retrieved from Wells Fargo: https://www.wellsfargo.com/about/corporate/governance/

Wells Fargo. (2020). Our Code of Ethics and Business Conduct: Living Our Vision, Values & Goals.