Create and Evaluate a Code of Conduct Free Essays

A corporate Code of Conduct, sometimes also refered to as Code of Ethics, helps a company to show to all involved parties, internal and external, the standards that govern its conduct, thereby conveying its commitment to responsible practice wherever it operates. As you know, there have been many recent legal and paralegal initiatives to promote or require good conduct by corporations. Because there are now so many of these guidelines, it is not simple to get an overview, so that you’re able to quickly assess if your firm’s Code of Conduct is ‘worldclass’. We will write a custom essay sample on Create and Evaluate a Code of Conduct or any similar topic only for you Order Now A useful article in the HBR of Dec 2005 by Professors Lynn Paine, Rohit Deshpande, Joshua D. Margolis, and Kim Eric Bettcher may help: it provides a useful overview of all (? ) things that should be considered in any Corporate Code of Conduct. The authors suggest 8 governing ethical principles which taken together they call: The Global Business Standards Codex (GBS Codex). These 8 principles to create or evaluate a Code of Conduct and their most important aspects are: The Fiduciary Principle (Diligence, Loyalty). The Property Principle (Protection, Theft). The Reliability Principle (Contracts Premises, Commitments). The Transparency Principle (Thruthfulness, Deception, Disclosure, Candor, Objectivity). The Dignity Principle (Respect for the Individual, Health and Safety, Privacy and Confidentiality, Use of Force, Associatiation Expression, Learning Development, Employment Security). The Fairness Principle (Fair Dealing, Fair Treatment, Fair Competition, Fair Process). The Citizenship Principle (Law Regulation, Public Goods, Cooperation with Authorities, Political Noninvolvement, Civic Contribution, . The Responsiveness Principle (Addressing Concerns, Public Involvement). How to cite Create and Evaluate a Code of Conduct, Essay examples