Code of Ethics

Knowledge Center

12manage is looking for students. Info

Description of Code of Ethics. Explanation.


Definition Code of Ethics. Description.

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 - Code of Ethics

Special Interest Group (79 members)

Forum - Code of Ethics  

Here you will find interesting and educational discussions.

  Code of Ethics in Dept of Budget, MoF
What are the best code of ethics that a department of budget...
  Three Groups of Traps That Contribute to Unethical Behavior by Managers (2 reactions)
Hoyk en Hersey (2010) argue that ethical behavior of people ...
  Can Ethical Behaviours Be Taught? How?
Andrew Fastow, the former CFO of Enron indicated in a recent...
  Ethical Decision Making Process Model (3 reactions)
I'm looking for guidelines/models for an ethical decision ma...

Best Practices - Code of Ethics

Here you will find the most valuable ideas.

Expert Tips - Code of Ethics

Here you will find high-quality advice from experts.

Resources - Code of Ethics

Here you will find powerpoint presentations, micro-learning videos and further information sources.

Introduction to Business Ethics. Concept Overview

Business Ethics, Ethics in Business, Corporate Social Responsibility, Code of Ethics, Unethical Business Practices...

Ethics and Ethical Dilemmas in Business

Ethics, Ethical Behavior, Business Ethics, Ethical Decision-making...

Fundamentals of Business Ethics

Business Ethics, Corporate Ethics, Ethical Behavior, Corporate Responsibility, Stakeholder Management...

News about Code Of Ethics


Videos about Code Of Ethics


Presentations about Code Of Ethics


Books about Code Of Ethics


More about Code Of Ethics


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

Special Interest Group Leader

You here? Sign up for free


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
2019 12manage - The Executive Fast Track. V15.1 - Last updated: 21-9-2019. All names of their owners.