An ethical code of conduct must arise naturally from the company’s stated values and should provide detailed guidance for handling ethical challenges. General principles without specific provisions risk being perceived by employees as just window dressing and may breed cynicism rather than commitment.
Though provisions must be specific and clear, an ethics code should cover a lot of ground. The Institute encourages organization’s senor management to look at their business and develop their own list of core ethical values but at a minimum, they should address the Six Pillars of Character– trustworthiness, respect, responsibility, fairness, caring and citizenship.
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