C206 Legal and Regulatory Requirements College of Business Information, Western Governors University (9pages)

A.1. Corporate Social Responsibility Corporate social responsibility is an organization's expressed goal to contribute to society's well-being through philanthropy, volunteer activities, environmental improvements, and ethically-orientated practices (Trevino, 2017). Walmart's Code of conduct is focused solely on obtaining and maintaining the trust of their customers, communities, associates, and business partners. Their motto is that "integrity builds trust," and they firmly believe that establishing this trust gives them a competitive advantage over their competitors. To achieve their goals, their Code of conduct includes adherence to diversity, legal compliance, accountability, environmental obligations, fair trade, proper record-keeping and transparency, observing strict privacy policies, and rigid opposition to insider trading (Walmart, 2021). Their passion for integrity encompasses social responsibility and the facilitation of a global ethical culture. A.2. Non-Compliancy The U.S. Sentencing Guidelines mandates that an organization develops and maintains a strong internal control system to detect and manage illegal behavior within the organization. If a company does not adhere to these mandates, it can be liable for fines, sanctions, various penalties, and corporate probation (Trevino, 2017). Walmart has its legal department and a department, Ethics & Compliance, whose sole purpose is to deal with all ethical matters and ensure the organization and affiliations adhere to required legal mandates. Walmart's Code of conduct has a whole section encouraging people to speak up about activities that violate their