Application of the King of Code principles

Question 1

Transparency

Answer 1

-Decision and actions must be clear to all stakeholders

-Staffing and other processes should be open and transparent

-Employees, stakeholders, and directors should be aware of the employment policies of the business

-Regular audits should be done to determine the effectiveness of the business

Question 2

Accountability

Answer 2

-The company should appoint internal and external auditors to audit financial statements

-The board should ensure that the company’s ethics are effectively implemented

-There must be regular communication between management and stakeholders

-Businesses should be accountable for their decisions and actions

Question 3

Responsibility

Answer 3

-The business should develop and implement programmes that should be aimed at protecting the communities in which they operate

-The business should develop remedial programmes to protect the environment

Question 4

Ways in which professional, responsible, ethical, and effective business practice should be conducted

Answer 4

-Business decisions and actions must be clear to all stakeholders

-Business should be accountable for their actions and actions

-There must be ongoing development and training for all employees of the business

-Performance management systems should be in place to motivate the employees