Codes of Conduct, Ethical and Professional

James Weber

In: Encyclopedia of Business Ethics and Society

Codes of Conduct, Ethical and Professional

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  • Codes of conduct are statements of values, beliefs, standards, legal compliance, or organizational policy and procedures that are articulated to inform those governed by the codes or hold those affected by the codes accountable to this type of ethical behavior. Every professional association has created and promulgated a code of conduct for its members. There are more than 1,000 codes of ethical conduct developed by business organizations. Recent surveys of Fortune 500 companies report that more than 97% of all large multinational businesses have codes of conduct. Codes are understood as the primary means of institutionalizing ethics into the culture, religion, profession, learned societies, or business organizations. A Touche Ross national survey revealed that their respondents believed that codes are the most effective measure ...

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