Reasons for Adopting a Code of Ethics by a Company

      
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		            		gaolatheope moth, Botswana
			            
Reasons for Adopting a Code of Ethics by a Company

	          		What are the motivations for adopting the code of ethics using the normative form and using the instrumental form of stakeholder theory?
				      
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						            	Jaap de Jonge
Editor, Netherlands
												
				                Why Companies Adopt a Code of Ethics

													If a company has embraced the NORMATIVE form of stakeholder commitment, it has a genuine commitment to ethical principles. They will adopt a code of ethics, simply because they feel it is the right thing to do.

If a company has embraced an INSTRUMENTAL form of stakeholder commitment, they believe that a commitment to ethical principles will benefit their strategy (for example: to ultimately make more money in the long term for the shareholders). They may adopt a code of ethics, simply because the law demands it or because they see it as instrumental, supportive, conducive for their strategy.
				                
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