Code of Business ethics.
Date Submitted: 09/10/2006 02:48:08
Category: / Social Sciences / Psychology
Length: 2 pages (424 words)
Category: / Social Sciences / Psychology
Length: 2 pages (424 words)
A business code of ethics is important for the purpose of promoting ethical
thought and behavior within a business. The code should be clear, comprehensive, and to
the point. For a code to be effective it should be understood by everyone. Moreover, it
should be enforceable and clearly stated within, how it will be enforced. It must not leave
out any of the stakeholders that may possibly conduct any kind of business with the
company. …
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…responsibilities it holds to give the customers, employees, owners, investors,
suppliers, competitors, and communities. It has a section dedicated to each of the
stakeholders at hand. No one is left out. Furthermore, they even include their
responsibilities to their competition. This gives the reader the idea that Caux truly
believes in a social duty to everyone. When a company states it will give fairness to
everyone, it helps to promote positive business ethics to everyone.
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