Individual Case Study

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University Canada West *

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601

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Business

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May 12, 2024

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20

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“George Weston Limited.” University Canada West BUSI601 – Ethics, CSR and Business Environment, Section 22-22 Professor Fatima Catalan Due before 11:59 PM (PT) on Sunday, September 3, 2022
Declaration: I declare that the work in this assignment is my own work and I have given credit to all sources of information used in this assignment by including citation and references in the expected APA7 format. I acknowledge that I am expected to exercise the utmost academic integrity in all work submitted for this course. I acknowledge that any form of academic dishonesty including the use of tutoring or artificial intelligence websites will not be tolerated and may result in an academic dishonesty mention in my student records. Signature: Sukhjit Anand Kothari
George Weston Limited-Introduction. 1 We at George Weston Limited, a publicly traded company with headquarters in Toronto, Ontario, Canada that was originally established by George Weston and started operating in 1882. The Weston family, who holds an ownership (63%) interest in George Weston Limited, is in charge of managing the business. In addition to its two operating segments, George Weston primarily deals in services, such as Loblaw Companies Limited, Canada's largest food and drugstore. which offers daily needs products, essential medicines, cosmetics and beauty products, clothing, wireless mobile products, and a provider of financial services, and Choice Properties Real Estate Investment Trust, Canada's largest and most diversified real estate investment trust. On the one hand, Loblaw has established an independently owned food and pharmacy network across Canada that serves customers' day-to-day vital needs. On the other hand, Choice Properties has an extensive footprint with a portfolio of over 700 properties and is fulfilling the dreams of millions of people. We, at GWL continue to focus on our core operations in order to give unique services to its customers and deliver flexibility through its nationwide retail and logistics network. Revenue for Loblaw was $56, 504 million in 2022 and $53, 170 million in 2021. Services sectors enable all kinds of financial relationships and the connecting link that binds every economy in tandem, and the source of power that stimulates the development of products (Riddle, 1986, p. 26). GWL generally deals with the manufacturing and distribution of food while also collaborating with pharmacy drug stores, grocery stores, and real estate, has a total of 221,285 employees, including 285 full-time employees at Choice Properties and over 221,000 full- and part-time employees at Loblaw overall.
By partnering with local delivery companies, Loblaw offers home delivery services through 800 pick-up sites, delivers groceries and beauty items with more than 1,050 grocery stores, and supports its store and pharmacy networks of 1,400 shoppers drug mart with a nationwide network of 25 distribution centers. has around 2,400 shops and pharmacies. On the Toronto Stock Exchange, the share price of GWL is $152.70 CAD, while that of a share of Loblaw is $118.57 CAD and a share of Choice Properties is $13.28 CAD. Grocery chains have been growing at a steady rate in the past few years and so has been the competition. Several businesses compete with George Weston Limited in the food processing, distribution, and retail industries. Walmart, Tyson Foods, Empire Co Ltd, and Metro Inc. are the strongest competitors to George Weston Limited. ETHICAL LEADERSHIP 2,3,4 According to studies, ethical leadership is "an act of accepted appropriate behaviour through personal actions and interpersonal relationships, and of course the promotion of such behaviour to followers through bilateral communication, encouragement, and making decisions." (Brown et al., 2005: 120). GWL's moral authority is to support the values of excellence, transparency, and ongoing development. The organization’s history and offerings of services for operating businesses and make internal customers a true asset, establishing the culture of the business, directing its decision-making, and guaranteeing its long-term success. Additionally, by setting the tone for ethical business practices, following compliance with relevant laws and regulations, and creating a favourable workplace, the ability to produce high-performing talent that can be transferred is made possible by hiring diverse colleagues with a variety of abilities and exposing them to our running businesses.
The following discussion is about the Code of Conduct/Code of Ethics as it relates to the George Weston Limited 4 : Code of Conduct/Code of Ethics Your Analysis/Your Answer A general statement of ethics, values, or philosophies. Yes, there is a declaration of ethics, values, and philosophy: " We count on each other to do what is right and act ethically to deliver on our purpose of creating enduring value." Criteria for decision-making and compliance with laws. Yes, there is a declaration – “It is legal and consistent with GWL’s Core values, and it is demonstrated by its Framework for any decision to be made” Responsibility toward employees, including items such as health and safety, diversity, a respectful workplace, and privacy. Yes, there is a policy, that displays “Commitment to treat others with mutual trust and respect, Nurturing and advancing a culture of diversity, equity and inclusion at all levels, Respecting the confidentiality of the reporter compelled by legal requirements.” Conflicts of interest, their identification, and how to handle them. Yes, “GWL has policies and processes to recognize and handle conflicts of interest so that decisions are made impartially and, in the organizations, and the people it serves best interests, even though this is not stated openly.” Protection of corporate assets, including accurate accounting and record keeping, security of property, and insider information. Yes, “It ensures the protection of confidential information, which is crucial for safeguarding the organization's integrity, preventing harm to GWL, maintaining trust with stakeholders, and complying with legal and ethical standards”. Appropriate business practices, including honesty, fairness, obeying the Yes, “GWL conducts business ethically, honestly, and with the utmost integrity. Responsibility to ensure any
law, and information disclosure. information disclosure is reviewed by the legal department and that is accurate, valid, and complete.” Appropriate conduct on behalf of the corporation; for example, relationships with customers, suppliers, competitors, creditors, and government. Yes, “GWL adheres to ethical and responsible principles in all interactions and relationships with various stakeholders. Its dealings with governments, funders, and partners are characterized by trust, integrity, and accountability in its relationships with stakeholders, promoting long-term sustainability and ethical business practices.” Responsibilities to society at large, including contribution to political parties, lobbying government, responses to media, treatment of communities, and concern for the environmental. Yes, GWL, Commitment to ESG policy, Respecting the environment, sourcing with integrity, and making a positive difference in our community.” Implementation procedures, including familiarity with the code, reporting of violations, refusing unethical requests, and seeking help on ethical matters. Yes “GWL design framework for employees to, understand & comply with its ethical standards, report infractions, and seek assistance on ethical issues in respect of code, it demonstrates the organization's dedication to honesty.” Specification of enforcement/compliance procedures and the penalties for inappropriate or illegal behavior. Yes “GWL has precise enforcement and compliance policies to deal with improper or unlawful behavior. Penalties for inappropriate or illegal behavior typically include disciplinary measures, up to and including termination of employment, legal action if necessary, and potential civil or criminal penalties as mandated by applicable laws and regulations.” SWOT Analysis. 5
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