7 Code of Conduct

Question 1

Code of Conduct Definition

Answer 1

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A Code of Conduct is a document that outlines the values of an organization and gives guidance for stakeholders regarding the expected behaviour. It also explicitly defines rules and norms.

Question 2

Code of Conduct Characteristics

Answer 2

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The Institute of Business Ethics says there are 12 characteristics of a successful policy approach:

1. Root the code in the core values
2. Give a copy to all staff
3. Ensure breaches can be reported confidentially
4. Incorporate in the company’s training programmes
5. Set up a Board committee to monitor effectiveness
6. Report on the code’s use in the annual report
7. Make conformity contractual
8. Have it translated
9. Make it available to business partners
10. Have a named person who is responsible for implementation
11. Regularly review the code
12. Ensure leaders ‘walk the talk’

Question 3

Experimental Study: Lauer, Rockenbach & Walgenbach (2008)

Answer 3

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