A Corporate Code of Ethics is Not Enough

One of the most notable projects on e-Bay after the Enron scandal was a copy of Enron's Ethics 64 pages. The seller / former employee said he was "never opened." Kenneth L. Lay, CEO of Enron, says: "We are proud of Enron, well respected and respected in terms of fairness and integrity, CEOs respected by the company still have many unresolved issues, what is wrong.

In 2002, the US Congress passed the Sarbanes-Oxley Act to solve accounting and corporate scandals and set up ethical guidelines for senior financial officers. The bill also requires companies to promote honest and ethical behavior, to fully disclose government regulations and to create ethical guidelines to comply with it. Recent public opinion polls show that these norms are an essential element for the development and practice of business. Each and every one of us can be affected by various scandals, unfair practices, or unethical or unfair behavior throughout our lives. The decisions made in any business or company can affect us as citizens, consumers, or employees no matter how small the scale is.

Many professionals and companies have created ethical guidelines to deal with their own business environment. In fact, nearly 90% of Fortune 500 companies and nearly half of companies have ethical guidelines that apply to all employees. By creating ethical guidelines, the organization has revealed that employees and members can not claim that ignorance is a defense of unethical behavior. Federal organization judgment guidelines provide additional incentives for the development of corporate ethics and ethics training. Companies that are doing their utmost to prevent unethical and illegal activities may be subject to less punishment if employees are convicted of a crime of illegal conduct. Only unethical behavior of a small number of employees affects the entire company.

The Code of Business Conduct (CCC), a set of ethical standards that the company aims to follow. The corporate code of conduct is usually created by the enterprise itself, and there is a big difference between design and goal. It is important that they are not directly enforced by law. This code of conduct attracts attention in the era strongly aware of the great influence of corporate activities around the world on society and the environment. Strictly speaking, there is no fixed consensus on what the CCC should cover. The stated purpose usually involves special interests of the company and authors may be internal administrators or service consultants, but sometimes they are consulted with non-governmental organizations (NGOs) and the United Nations Global Compact.