This website uses cookies to ensure you have the best experience. Learn more

Codes Of Conduct Essay

1125 words - 5 pages

Codes of Conduct
Peter F Smith comments: “This article highlights that there is an increasing demand for a global culture of personal and corporate responsibility. However, many organisations realise that the move towards increased transparency and auditability need not be the huge upheaval that many “specialist advisors” would have them believe.
We have found that what is often lacking within these organisations is simply the development of a clear integrated framework( using current management systems) for financial, environmental, and social issues coupled with clear articulation of process improvement across the company. That was why we developed The Evaluator for it addresses the ...view middle of the document...

But what does it take to successfully implement a code of conduct?
The Accountability and Reporting project examines this in Codes of conduct: a decision-making guide. The paper sheds light on the world of codes of Codes of conduct conduct for companies. In addition to defining concepts, benefits and risks, it also highlights examples of WBCSD members in their journey toward implementing codes within their organizations.
Where's the value?
Although codes have spurred further business action on the social and environmental fronts, identifying the economic benefits of conducting business in an ethical manner is a challenging task. "Developing and implementing a code of conduct is a costly endeavour and will rarely show immediate results in any standard accounting measurement," says Flaherty. "Over the long-term, however, there are benefits for companies, especially if the code is anchored within a strategic framework linked to business objectives."
For instance, codes can strengthen legal compliance, promote self-regulation, attract insurers and investors, enhance corporate reputation and brand image and increase employee morale and productivity. Over time, these intangibles often become embedded in the fabric of a company's performance measures. According to Flaherty, at least 95 per cent of Fortune 500 companies already have their own internal code of conduct.
Implementing a code of conduct
It is critical to engage the right people in the development process from the start. Broad organizational representation and collective input are paramount for effective implementation once the code is formulated.
External input can also add value at all stages of development, implementation, monitoring and verification. During the implementation stage, it is critical to find innovative ways to disseminate the code's contents. Those affected by the code must be very clear about what is expected of them. In addition to making the code widely available and
accessible, education and training efforts can strengthen acceptance and compliance.
Whether or not a code of conduct exists within the company, it is worth signing on to an external code from an industry association or external organization such as an NGO or government. It is clear that codes relating to environment, sustainable development and CSR are attractive to companies because they help establish credibility beyond simply claiming that the company is in compliance with laws and regulations. Yet, before signing on to any external guidelines, it makes sense for a company to have its own house in order.
Once again, communication and training are important during the implementation...

Other Essays Like Codes of Conduct

Professional Essay

5439 words - 22 pages A professional is a member of a profession or any person who earns their living from a specified activity. The term also describes the standards of education and training that prepare members of the profession with the particular knowledge and skills necessary to perform the role of that profession. In addition, most professionals are subject to strict codes of conduct enshrining rigorous ethical and moral obligations. Professional standards of

The Importance Of Ethics In Business

1713 words - 7 pages to the public. However, personal ethical choices in business affect the company’s validity. Codes of conduct are policies including rules such as maintaining honesty, attitude, and respect (Traveler, 2009) for co-workers, the organization and customers. Only by separation of personal ethical choices in the work place, will an organization succeed and flourish. It is never appropriate for any employee, management or otherwise, to conduct

Ethics Assignment: Code of Conduct Comparison & Academic Honesty

579 words - 3 pages . A decent mode of dressing enhances the students’ integrity and virtues. Misconduct is punishable in both codes of conducts. Navarro College sanctions behaviors deemed as misconduct; in equal measure, one of the core provisions of the certified accountants’ body is competence; failure to live to these competence standards may fall under negligence which is punishable through disciplinary sanctions. Yet another accountants’ code of conduct

Distinguish Between the Money and Capital Markets

2205 words - 9 pages Designing Ethics Codes and Programs We are all very familiar with Ethics Code for Hospitality Managers. All ethics codes have something to do with honesty, integrity, accountability, and so forth. Your text states that the actual code itself may not be as important as the process of devising the code, introducing it to the entire operation, training and talking about the code, and yearly evaluations of how the code is working and whether any

Social Performance

2082 words - 9 pages SOCIAL PERFORMANCE, PART II Briefly describe your company and then benchmark the codes of conduct used by similar companies in the industry. Critique the codes of conduct of at least three (3) similar companies in order to write codes for your company. XXX, Inc. is a trusted provider of internet infrastructure services for the networked world. It was founded in 1995 and has revenue of over $700 million. It helps companies and consumers all

Reporting Practices and Ethnics Paper

1027 words - 5 pages ethics codes to guide the employees, to obtain employee groups or inputs, to review codes for the general employees, and perform the locations to select. All companies should review a code after it has been established and any changes in the company such as strategies, laws, regulations may need to change in the code of conduct. Every business the employees must follow the responsibilities of the policies, which help everyone with making decisions

Red Cross Case

4139 words - 17 pages for the board members. The company’s ethics starts with the ethics of directors, and the American Red Cross will need to be very specific in defining and describing the set of values and rules that are to be followed by its directors. Developing a New Code of Conduct The history of Codes of Conduct dates back to the end of WWII. Today, it is difficult to imagine a successful company without a code of ethics. The importance of codes of

Jdt2 Task 2

2114 words - 9 pages exact prongs from Dignity Health and adjust them to meet the industry and actions our companies are involved in. We can use the same design to further explain in document form what each prong means. The design of their Code of Conduct is something that lends itself to be easily trained, remembered and acted upon. Sources 1. LRN. (2006). The impact of codes of


520 words - 3 pages idea on what the system is all about and on how inventory system can be applied on it. It contains the different module to be developed the system. The proponents conduct the personal interviews to the owner to gather information that will be used in the developed system. Chapter 2 This theories where explain the comprehension of readers. Non-IT and IT concepts where also discuss the concepts. This concepts are not related to information technology

Evaluating Compliance Strategies In Medical Billing And Coding

927 words - 4 pages In the medical billing and coding process there are several steps. In the medical billing process physicians prepare and sign documentation of the patients visit. The next step is to post the medical codes and transactions of the patients visit in the practice management program and to prepare claims. The process used to generate claims must comply with the rules imposed by federal and state laws as well as with payer requirements. Claims that

Employees Roles and Responsibilities

1061 words - 5 pages identify two relevant and appropriate sources of information and advice on each of the following: * an industry * an occupation * training * career pathwaysAnswer: | | | * | Pass or Referral | AC 1.4 * Describe an organisation’s principles of conduct and codes of practice | * An organisation’s principles of conduct defines the behaviour expected from its employees, and will generally make reference to, for example

Related Papers

Ethical Standards And Codes Essay

1799 words - 8 pages described the significance of ethical standards and codes in psychology. References American Psychological Association. (2011). Introduction and applicability. Ethical principles of psychologists and code of conduct. Retrieved from index.aspx. American Psychological Association. (2010). Ethical principles of psychologists and code of conduct. Retrieved on March 18, 2011, from

Review On Stella Ting Toomey And The Face Negotiation Theory, Gerry Philipsen And The Speech Codes Theory

1839 words - 8 pages cultures have high power. However, critic argues that this cannot be a universal case.   Gerry Philipsen and the Speech codes theory How can someone learn and report culturally distinctive ways of communicating that one encounters in a given social world? How do cultural codes of communicative conduct shape and motivate the way people communicate with each other and make sense of self and others? How and why do culturally distinctive codes of

Moral Reasoning & Research Design Essay

674 words - 3 pages right or wrong behavior) towards the upholding of a principal code of conduct. 2. The principles of a code of conduct contains seven ethical “standards” for professional accountants that address moral and ethical behavior regarding activities, attitudes, and procedures involved in most aspects of professional conduct. 3. The attributes of codes of conduct will be designed in such a way as to monitor and measure performance of public

Code Of Conduct Essay

1340 words - 6 pages Codes of Conduct 1. Comparison of Codes of Conduct: SAICA, CLASA and SASOL |1.1 Purpose of the Codes: | |All three above-mentioned Codes do have a clear purpose. | |SAICA: |CLASA