Code of Ethics

Knowledge Center



Summary, forum, best practices, expert tips and information sources.

 

Summary

What is a Code of Ethics? Meaning.

A Code of Ethics is a set of standards, rules, guidelines, and values that govern and guide ethical business behavior in a company, profession, or (non-profit) organization of it's employees (members, practitioners), managers and leaders, interactions among these employees, managers and leaders, and interactions between these employees, managers and leaders and the general public.


Since the 2002 Sarbanes-Oxley legislation, any publicly held company is required to create its own Code of Ethics to deter wrongdoing and to promote ethical behavior.


The SEC regulations implementing section 406 ("SEC Implementing Regulations") define a Code of Ethics to mean written standards that are reasonably designed to deter wrongdoing and to promote:
(i) honest and ethical conduct, including the ethical handling of actual and apparent conflicts of interest;
(ii) full, fair, accurate, timely and understandable disclosure in reports and documents filed with or submitted to the SEC and in other public communications;
(iii) compliance with applicable laws, rules and regulations;
(iv) prompt internal reporting of code violations to an appropriate person; and
(v) accountability for adherence to the code.
 

Some codes of ethics have the force of law. Violations of these codes may be subject to administrative (e.g., loss of license), civil or penal remedies. Other codes can be enforced by the promulgating organization alone; violations of these codes is usually limited to loss of membership in the organization. Other codes are merely advisory and there are no prescribed remedies for violations or even procedures for determining whether a violation even occurred. Furthermore, the effectiveness of codes of ethics depends on the extent to which the management of the organization embraces and supports them.


Special Interest Group

Join

Code of Ethics Special Interest Group.



Special Interest Group (84 members)

Forum

New Topic

Forum about Code of Ethics.


Code of Ethics in Dept of Budget, MoF
What are the best code of ethics that a department of budget in Ministry of Finance of a government should follow? Look (...)
8
 
0 reactions
Three Groups of Traps That Contribute to Unethical Behavior by Managers
Hoyk en Hersey (2010) argue that ethical behavior of people specifically focusing on management level employees - is i (...)
5
 
2 reactions
🔥 NEW Can Ethical Behaviours Be Taught? How?
Andrew Fastow, the former CFO of Enron indicated in a recent interview that large US companies are doing the same things (...)
3
 
0 reactions
Ethical Decision Making Process Model
I'm looking for guidelines/models for an ethical decision making process? Preferably in diagram form with the explanatio (...)
3
 
3 reactions
Best Practices

Sign up

The top-rated topics about Code of Ethics. Here you will find the most valuable ideas and practical suggestions.


Expert Tips

Sign up

Advanced insights about Code of Ethics. Here you will find professional advices by experts.


Information Sources

Sign up

Various sources of information regarding Code of Ethics. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.


Introduction to Business Ethics. Concept Overview

Business Ethics, Ethics in Business, Corporate Social Responsibility, Code of Ethics, Unethical Business Practices
This presentation is about ethics in business, and includes the following sections: 1. Introduction 2. Question 3. Bu (...)

Ethics and Ethical Dilemmas in Business

Ethics, Ethical Behavior, Business Ethics, Ethical Decision-making
Presentation about ethical behavior and ethical dilemmas. The presentation includes the following sections: 1. Introduc (...)

Fundamentals of Business Ethics

Business Ethics, Corporate Ethics, Ethical Behavior, Corporate Responsibility, Stakeholder Management
Presentation about business ethics, including an explanation of its relation with economics and the law. It also include (...)
NewsVideosPresentationsBooksMore

Compare with: Moral Purpose  |  Clarkson Principles  |  Corporate Transparency  |  Corporate Accountability  |  Corporate Governance  |  Corporate Responsibility  |  Strategic Stakeholder Management  |  Intrinsic Stakeholder Commitment  |  Globalization

Special Interest Group

Are you interested in Code of Ethics? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this knowledge center

Copy this HTML code to your web site:

 
 

Return to Management Hub: Change & Organization  |  Ethics & Responsibility  |  Human Resources


More on Management  |  Return to Management Dictionary  | 

 

This ends our Code of Ethics summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.7 - Last updated: 28-1-2021. All names of their owners.