CODES OF ETIDCS

To assist managers who are frequently confronted with the above conflict of interest dilemmas, many firms are establishing written codes of ethics that provide general guidelines with respect to the values and ethical standards that can be used by managers to guide their decision making and activities. A Business Roundtable on ethics made two major recommendations : (91) top management needs to make a greater commitment to ethics programs within their companies; and (2) written codes of ethics be established which clearly communicate management expectations with respect to ethics to all employees,

Amanda Bennett (1988) studied corporate codes of ethics and found that they typically cover the following issues:

1.         Bribes and kickbacks

2.         Conflicts of Interests

3.         Political contributions

4.         Honesty of books or records

5.         Customer/ supplier relationships

6.         Misappropriation of corporate assets

7.         Confidentiality of corporate information