Monsanto Code Of Ethics Essay

PCBs and People . These lawsuits display poor ethics on behalf of the company because even though this occurred almost fifty years ago the PCB contamination is due to Monsanto's negligence. Even though Monsanto has transformed into a different company than where they started, they are still responsible. People do not care if the enterprise is different the company wrongfully did something and mislead the public and in doing so caused a lot of damage. In almost all of the lawsuits, there is clear evidence that Monsanto knew the dangers of this chemical. In their code of ethics, it states their duty to protect the environment and "We take our commitments seriously and strive to resolve these liabilities responsibly." (Monsanto. (2017). If Monsanto were dealing with these obligations …show more content…
The Securities Exchange Commission led an investigation and found that Monsanto had inadequate internal accounting controls. Due to this, they do not have the millions of dollars in rebates that they offered to their retailers and distributors." A SEC investigation found that Monsanto had inadequate internal accounting controls to properly account for millions of dollars in rebates provided to retailers and distributors of Roundup after the generic competition had undercut Monsanto’s prices and resulted in a significant loss of market share for the company. Monsanto booked substantial amounts of revenue resulting from sales incentivized by the rebate programs but failed to recognize all of the related program costs at the same time. Therefore, Monsanto materially misstated its consolidated earnings in corporate filings during a three-year period." S. (2016, February 09). Monsanto has agreed to pay eighty million dollars in accounting violations. Even though this took place in 2009-2010 fiscal year, it took almost eight years for Monsanto to face any repercussions of their unethical