The Hummer Corporation has recently instituted a corporate ethics code.The president of the company realizes that ethical relationships are based on:

Question

Quizplus · Accepted Answer

The question implies that the Hummer Corporation has already instituted a corporate ethics code, which may include strict penalties for illegal activities. However, ethical relationships are not solely based on punitive measures. Rather, they rely on trust and cooperation between the company and its stakeholders. By actively fostering an ethical culture that emphasizes integrity, transparency, and accountability, the Hummer Corporation can build stronger relationships with its employees, customers, shareholders, and the wider community. While watchdogs and whistleblowers may play a role in upholding ethical standards, they are not a substitute for a well-functioning ethical system that is based on mutual respect and responsibility.

The Hummer Corporation Has Recently Instituted a Corporate Ethics Code