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Article: Rules of behavior: the adoption of a code of conduct is a step toward improving the ethical culture in today's business world.(GOVERNANCE PERSPECTIVES)
- Article from:
- Internal Auditor
- Article date:
- June 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Institute of Internal Auditors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EVERY ORGANIZATION HAS ITS OWN ethical philosophy, which reflects the values embodied in the company's culture and is enforced by senior management's behaviors and leadership style. It is of utmost importance that the organization formally commits itself to this philosophy by documenting it in a code of conduct and taking responsibility toward the general public for compliance with the code over time. The adoption of a code of conduct is a fundamental step in the attempt to improve the ethical culture in today's business world and, more specifically, to prevent unethical and fraudulent behavior within the organization.
Even though the first company codes of ...