Code of Ethics

Knowledge Center




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

19 items • 130.483 visits

Translate


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

Code of Ethics Special Interest Group.



Special Interest Group (98 members)

Forum

Forum about Code of Ethics. Below you can ask a question about this topic, share your experiences, report a new development, or explain something.


Start a new topic 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? Looking forward for your advice.
thanks & regards....
8
 
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 influenced by three risk factors. These risk factors are called “traps”, which en...
5
 
2 comments
🔥 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 he did and he doesn’t think the solution to corporate misconduct will ‘appear t...
3
 
Ethical Decision Making Process Model
I'm looking for guidelines/models for an ethical decision making process? Preferably in diagram form with the explanation of each step....
3
 
3 comments

Best Practices

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


Expert Tips

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


Information Sources

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...

Research Links

Jump to further research sources regarding Code of Ethics.


News

News

Videos

Videos

Presentations

Presentations

 
Books

Books

Academic

Academic

More

More


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

Special Interest Group

Do you know a lot about Code of Ethics? Become our SIG Leader

 

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
© 2023 12manage - The Executive Fast Track. V16.0 - Last updated: 31-1-2023. All names ™ of their owners.