Code of Ethics for Corporate Code of Ethics

ConclusionA set of six universal moral standards was generated through the convergence of four different sources: (1) employees; (2) companies; (3) global codes of ethics; and (4) the business ethics literature. Those standards include: (1) trustworthiness; (2) respect; (3) responsibility; (4) fairness; (5) caring; and (6) citizenship.



By applying the six moral standards to each of the four different stages of code development (i.e., content, creation, implementation, administration), a code of ethics for corporate codes of ethics was constructed by which companies can be ethically audited for compliance. It is important to realize that what is not being claimed is that a company that establishes a code in accordance with the proposed code of ethics for corporate codes of ethics is therefore an ethical company. A company which has created, implemented, and administered an ethical code of ethics in a thoroughly ethical manner can nevertheless be judged to be an unethical company. The truly ethical company emerges when corporate code penetration has taken place, meaning that the policies, processes, programs, structures, systems, and objectives all reflect the companys code of ethics which is in turn supported by the six universal moral standards. In addition, mere compliance with the code of ethics for corporate codes of ethics certainly in no way implies or ensures that corporate agents will ultimately act in an ethical fashion. It is only when actual behavior takes place that a full and complete ethical assessment of the company can be conducted. The ethical audit of the four companies ethics programs based on the proposed code indicates that all four companies have room to improve the ethical nature of their codes of ethics (i.e., content, creation, implementation, administration). The code of ethics for corporate codes of ethics should be considered to be only a necessary, but insufficient, first step towards attaining the status of being regarded as an ethical company.
Please answer these questions. Do you think most companies have and enforce a code of ethics? Is it an essential piece of a companyas reputation? Explain why or why not. Explain how the code of ethics could a or did-resolve your workplace dilemma (from Week 2as assignment). Support your response with key ideas and concepts from the course readings and other relevant sources. Use appropriate APA style to cite your sources in text and in your References list.