TJX Maxx Code Of Conduct
TJX Maxx was founded in 1976 by Bernard Cammarata, in Framingham Massachusetts. The original name of the company was Zayre until they sold their name and renamed themselves to the TJX Companies Incorporated. TJX is a retail store selling items like apparel, shoes, toys, furniture, and many other items. TJX has stores not only in the US, but also in the UK, Germany, Australia, Ireland, Austria, Poland and the Netherlands. Some of TJX Maxx's largest competitors is JC Penny's, Nordstrom and Isetan Holdings. If we are talking about TJX competition, companies like JCPenney and Nordstrom are not nearly as successful as TJX has been lately.
Looking at quick SWOT analysis written by Nwalozie, Co some of their biggest opportunities are, "Disposable …show more content…
Organization and Teams
TJX like many large corporation are broken down by their teams which they refer to as governance. Of this team you have, the executive committee, executive compensation committee, audit committee, finance committee and corporate governance committee. According to their corporate governance they claim, "As part of our governance practices, we are committed to high standards of ethics, which are reflected in our Associate Global Code of Conduct, Code of Ethics for TJX Executives, Director Code of Business Conduct and Ethics, and Corporate Governance Principles."
For their government regulations they have a whole section in their TJX Global Code of Conduct. They specifically talk about a few different things. Some topics that apply here are fair dealings, anti-corruptions laws, interaction with government, and political activities and contributions.
Some interesting takeaways from this Code of Conduct,
"TJX does not make direct contributions of corporate funds to candidates or political parties. Use of Company funds or resources for political advocacy is to be limited and must be approved by our CEO, CFO, or General Counsel in accordance with internal procedures. Any such advocacy is overseen by the Corporate Governance Committee of our Board of …show more content…
This external stakeholders is really where the influence on the political interest affects TJX. The security breach affected it's external stakeholders in a way that has never been seen before. Customers, creditors and the government were outraged to hear about the monumental security breach. That the demanded political action and the Security and Exchange Commissions started mandating states to have Data Breach Laws. California already had laws in place since 2002, but this TJX breach really got the government on the forefront of Data Breach Laws. After the breach, "The Massachusetts security breach and data destruction law and security regulations are considered to “constitute one of the most comprehensive sets of
Looking at quick SWOT analysis written by Nwalozie, Co some of their biggest opportunities are, "Disposable …show more content…
Organization and Teams
TJX like many large corporation are broken down by their teams which they refer to as governance. Of this team you have, the executive committee, executive compensation committee, audit committee, finance committee and corporate governance committee. According to their corporate governance they claim, "As part of our governance practices, we are committed to high standards of ethics, which are reflected in our Associate Global Code of Conduct, Code of Ethics for TJX Executives, Director Code of Business Conduct and Ethics, and Corporate Governance Principles."
For their government regulations they have a whole section in their TJX Global Code of Conduct. They specifically talk about a few different things. Some topics that apply here are fair dealings, anti-corruptions laws, interaction with government, and political activities and contributions.
Some interesting takeaways from this Code of Conduct,
"TJX does not make direct contributions of corporate funds to candidates or political parties. Use of Company funds or resources for political advocacy is to be limited and must be approved by our CEO, CFO, or General Counsel in accordance with internal procedures. Any such advocacy is overseen by the Corporate Governance Committee of our Board of …show more content…
This external stakeholders is really where the influence on the political interest affects TJX. The security breach affected it's external stakeholders in a way that has never been seen before. Customers, creditors and the government were outraged to hear about the monumental security breach. That the demanded political action and the Security and Exchange Commissions started mandating states to have Data Breach Laws. California already had laws in place since 2002, but this TJX breach really got the government on the forefront of Data Breach Laws. After the breach, "The Massachusetts security breach and data destruction law and security regulations are considered to “constitute one of the most comprehensive sets of