Which of the following statements is a piece of advice from the Institute of Business Ethics for creating a code of ethics?
A)The company's competitors should be completely ignored when framing the code of ethics.
B)The involvement of external parties should be avoided during the creation of drafts.
C)The code should be publicly shared on platforms associated with the company.
D)The code should be tested on a sample consisting solely of top managerial employees.

Question

Quizplus · Accepted Answer

The Institute of Business Ethics recommends that the code of ethics should be publicly shared on platforms associated with the company to improve transparency and accountability. This helps employees, customers, and stakeholders to know the company's ethical standards and commitment to them. A and B are incorrect because involving external parties and considering competitors are important aspects of creating an effective code of ethics. D is incorrect because testing the code only with top managerial employees may not represent the perspectives and experiences of other employees across different job levels and departments.

Which of the Following Statements Is a Piece of Advice