Code of conduct

A code of conduct is a set of rules outlining the norms, rules, and responsibilities or proper practices of an individual party or an organization.

Companies' codes of conduct

A company code of conduct is a set of rules which is commonly written for employees of a company, which protects the business and informs the employees of the company's expectations. It is appropriate for even the smallest of companies to create a document containing important information on expectations for employees.[1] The document does not need to be complex or have elaborate policies.

Failure of an employee to follow a company's code of conduct can have negative consequences. In Morgan Stanley v. Skowron, 989 F. Supp. 2d 356 (S.D.N.Y. 2013), applying New York's faithless servant doctrine, the court held that a hedge fund's employee engaging in insider trading in violation of his company's code of conduct, which also required him to report his misconduct, must repay his employer the full $31 million his employer paid him as compensation during his period of faithlessness.[2][3][4][5]

Accountants' code of conduct

In its 2007 International Good Practice Guidance, "Defining and Developing an Effective Code of Conduct for Organizations", provided the following working definition: "Principles, values, standards, or rules of behaviour that guide the decisions, procedures, and systems of an organization in a way that (a) contributes to the welfare of its key stakeholders, and (b) respects the rights of all constituents affected by its operations."

Codes of conduct in practice

A code of conduct can be an important part in establishing an inclusive culture, but it is not a comprehensive solution on its own. An ethical culture is created by the organization's leaders who manifest their ethics in their attitudes and behaviour.[6] Studies of codes of conduct in the private sector show that their effective implementation must be part of a learning process that requires training, consistent enforcement, and continuous measurement/improvement:[7] simply requiring members to read the code is not enough to ensure that they understand it and will remember its contents.[8] Castellano et al. describe Tom Morris' book If Aristotle Ran General Motors as "compelling" and "persuasive" in arguing that in addition to codes of conduct and ethical guidelines, the creation of an ethical workplace climate requires "socially harmonious relationships" to be embedded in practice.[9] The proof of effectiveness is when employees/members feel comfortable enough to voice concerns and believe that the organization will respond with appropriate action.[10]

Examples

See also

References

  1. ^ "Building a compliance department". Thomson Reuters. 26 July 2021. Retrieved 20 January 2022.
  2. ^ Glynn, Timothy P.; Arnow-Richman, Rachel S.; Sullivan, Charles A. (2019). Employment Law: Private Ordering and Its Limitations. Wolters Kluwer Law & Business. ISBN 978-1543801064 – via Google Books.
  3. ^ Jerin Matthew (December 20, 2013). "'Faithless' Ex-Morgan Stanley Fund Manager Ordered to Repay $31m to Former Employer". International Business Times UK.
  4. ^ Henning, Peter J. (December 23, 2013). "The Huge Costs of Being a 'Faithless Servant'". New York Times DealBook.
  5. ^ "Morgan Stanley seeks $10.2 million from convicted former trader". GreenwichTime. January 15, 2013.
  6. ^ McMillan, Michael (2012-02-20). "Codes of Ethics: If You Adopt One, Will They Behave?". Enterprising Investor: Practical analysis for investment professionals. Retrieved 10 February 2016.
  7. ^ Doig, Alan; Wilson, John (1998). "Business Ethics: A European Review Volume 7, Issue 3, July 1998". Business Ethics: A European Review. 7 (3): 140–149. doi:10.1111/1467-8608.00100.
  8. ^ ACC. "Top Ten Tips for Developing an Effective Code of Conduct". Association of Corporate Counsel. Archived from the original on 7 September 2018. Retrieved 10 February 2016.
  9. ^ Castellano, J. F., Rosenzweig, K. and Roehm, H. A., How Corporate Culture Impacts Unethical Distortion of Financial Numbers, Management Accounting Quarterly, Summer 2004, accessed 7 January 2023
  10. ^ Barman, Tanya; White, Samantha (June 2014). "Implementing an effective corporate ethics policy". Chartered Global Management Accountant (CGMA) Magazine. Retrieved 10 February 2016.
  11. ^ Koh, Benjamin; McConnell, Pat (October 25, 2018). "Bank codes of conduct: add bars to the window dressing and make them legally binding". The Conversation. Retrieved April 18, 2024.

Media related to Codes of conduct at Wikimedia Commons Quotations related to Codes of conduct at Wikiquote

Read other articles:

ClovaTipeasisten virtual Versi pertamaMaret 2017; 7 tahun lalu (2017-03)GenreAsisten virtualBahasaDaftar bahasa English Jepang Korea Tionghoa Sederhana Karakteristik teknisSistem operasiiOS 10.0 dan terbaruAndroid 4.4x dan terbaruPlatformiOS dan Android Ukuran192 MB (iOS) 215 MB (Android)Informasi pengembangPengembangNaver CorporationInformasi tambahanSitus webclova.ai (Korea) Sunting di Wikidata • L • B • Bantuan penggunaan templat ini Clova adalah asisten virt...

 

 

Kleinsendelbach Lambang kebesaranLetak Kleinsendelbach di Forchheim NegaraJermanNegara bagianBayernWilayahOberfrankenKreisForchheimMunicipal assoc.Dormitz Subdivisions2 ortsteilPemerintahan • MayorGertrud Werner (Unabhängige Wählergruppe)Luas • Total7,50 km2 (290 sq mi)Ketinggian312 m (1,024 ft)Populasi (2013-12-31)[1] • Total1.480 • Kepadatan2,0/km2 (5,1/sq mi)Zona waktuWET/WMPET (UTC+1/+2)Kode pos91...

 

 

Piek Budyakto Staf Ahli Bidang Ekonomi Kemhan RIPetahanaMulai menjabat 29 Maret 2023 PendahuluHendrawan Bayu PrewitoPenggantiPetahanaKepala Staf Komando Daerah Militer V/BrawijayaMasa jabatan25 Februari 2022 – 29 Maret 2023 PendahuluAgus SetiawanPenggantiNiko Fahrizal Informasi pribadiLahir0 Mei 1970 (umur 53)IndonesiaAlma materAkademi Militer (1991)Karier militerPihak IndonesiaDinas/cabang TNI Angkatan DaratMasa dinas1991—sekarangPangkat Mayor Jenderal TNINRP1...

العلاقات اليابانية الغرينادية اليابان غرينادا   اليابان   غرينادا تعديل مصدري - تعديل   العلاقات اليابانية الغرينادية هي العلاقات الثنائية التي تجمع بين اليابان وغرينادا.[1][2][3][4][5] مقارنة بين البلدين هذه مقارنة عامة ومرجعية للدولتين: وجه ...

 

 

Football league seasonS. LeagueSeason2009ChampionsSingapore Armed Forces8th S.League titleAFC Champions LeagueSingapore Armed Forces(S.League winners)AFC CupGeylang United(Singapore Cup winners)Matches played165Goals scored452 (2.74 per match)Top goalscorerAleksandar Đurić (28)Biggest home winSingapore Armed Forces 6-0 Albirex Niigata (S)(26 March 2009)Biggest away winSengkang Punggol 1-7 Singapore Armed Forces(11 April 2009)Highest scoringSengkang Punggol 1-7 Singapore Armed Forces(1...

 

 

60th ministry of government of Australia See also: Howard government First Howard ministry60th Ministry of AustraliaJohn HowardTim FischerDate formed11 March 1996Date dissolved21 October 1998People and organisationsMonarchElizabeth IIGovernor-GeneralSir William DeanePrime MinisterJohn HowardDeputy Prime MinisterTim FischerNo. of ministers35 (plus 13 Parliamentary Secretaries)Member partyLiberal–National coalitionStatus in legislatureMajority government94 / 148Opposition partyLaborOpposition...

Rights belonging to animals This article is about the philosophy of animal rights. For current animal rights around the world, see Animal rights by country or territory. For a timeline of animal rights, see Timeline of animal welfare and rights. For other uses, see Animal rights (disambiguation). A captive monkey in Shanghai Chickens held inside a battery cage in a factory farm Part of a series onAnimal rights Overview Animal welfare Around the world History Timeline Animal cruelty Veganism V...

 

 

FăgăraşKotaNegara RumaniaProvinsiBraşovStatusMunisipalitasPemerintahan • Wali kotaMănduc Constantin SorinPopulasi (2002) • Total40.126Zona waktuUTC+2 (EET) • Musim panas (DST)UTC+3 (EEST)Situs webhttp://www.primaria-fagaras.ro/ Făgăraş (Jerman: Fogarasch, Fugreschmarktcode: de is deprecated , bahasa Hongaria: Fogaras) adalah kota yang terletak di provinsi Braşov, Rumania. Kota ini memiliki jumlah penduduk sebesar 35.400 jiwa pada tahu...

 

 

This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (October 2021) (Learn how and when to remove this message) Flux limiters are used in high resolution schemes – numerical schemes used to solve problems in science and engineering, particularly fluid dynamics, described by partial differential equations (PDEs). They are used in high resolution schemes, such as t...

Till We Meet AgainPoster resmiNama lainTionghoa 月老 Arti harfiahOld MoonHanyu PinyinYuè Lǎo SutradaraGiddens KoDitulis olehGiddens KoBerdasarkanYue Laooleh Giddens KoPemeran Kai Ko Gingle Wang Vivian Sung Umin Boya Penata musikHou ZhijianSinematograferZhou YixianPerusahaanproduksiMachi Xcelsior StudiosDistributorMachi Xcelsior Studios (Taiwan)CBI Pictures (Indonesia)Clover Films (World-wide)Golden Screen Cinemas (Malaysia)Golden Village Pictures (Singapore)Hive Media (South K...

 

 

Halaman ini berisi artikel tentang wilayah dinasti Qing. Untuk negara saat ini, lihat Mongolia. Untuk wilayah kekuasaan Uni Soviet yang juga disebut Mongolia Luar, lihat Republik Rakyat Mongolia. Mongolia Luar dan Mongolia Dalam pada zaman dinasti Qing. Mongolia Luar[1] adalah sebuah wilayah dari dinasti Qing pimpinan Manchu (1691–1911). Wilayah tersebut nyaris sama dengan wilayah negara modern Mongolia, yang terkadang disebut Mongolia Utara di Tiongkok pada saat ini, ditambah repub...

 

 

هذه المقالة تحتاج للمزيد من الوصلات للمقالات الأخرى للمساعدة في ترابط مقالات الموسوعة. فضلًا ساعد في تحسين هذه المقالة بإضافة وصلات إلى المقالات المتعلقة بها الموجودة في النص الحالي. (سبتمبر 2019)Learn how and when to remove this message وكالة الأنباء العمانية ONA وكالة الأنباء العمانية تفاصي�...

Genus of birds For the 2019 film, see Lyrebird (film). LyrebirdTemporal range: Early Miocene to present Superb lyrebird (Menura novaehollandiae) Scientific classification Domain: Eukaryota Kingdom: Animalia Phylum: Chordata Class: Aves Order: Passeriformes Family: MenuridaeLesson, 1828 Genus: MenuraLatham, 1801 Type species Menura novaehollandiae[1]Latham 1801 Species Menura novaehollandiae Menura alberti †Menura tyawanoides A lyrebird is either of two species of ground-dwelling Aus...

 

 

Asosiasi Sepakbola Kepulauan Mariana UtaraAFCDidirikan2005Bergabung dengan FIFAN/ABergabung dengan AFC2020 (Keanggotaan biasa)Bergabung dengan EAFF2008 (Anggota penuh)PresidenJerry TanWebsitehttp://www.nmifa.com Asosiasi Sepak Bola Mariana Utara adalah badan pengedali Sepak bola di Kepulauan Mariana Utara. Didirikan pada tahun 2005 dan menerima keanggotaan penuh ke dalam Federasi Sepak Bola Asia Timur pada 2008.[1][2] Asosiasi itu mengakui sebagai anggota-kuasi dari Konfederas...

 

 

American journalist (born 1965) Mark LandlerLandler in 2021BornMark Aurel Landler (1965-10-26) October 26, 1965 (age 58)Stuttgart, West GermanyOccupationJournalistNotable credit(s)The New York Times, Business WeekSpouseAngela TungChildren2 Mark Aurel Landler (born October 26, 1965[1]) is an American journalist who is the London bureau chief of The New York Times. He was previously a White House Correspondent, based in Washington, D.C.[2] Early life and education Born on O...

Quick retail copying of catwalk trends This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) This article is written like a personal reflection, personal essay, or argumentative essay that states a Wikipedia editor's personal feelings or presents an original argument about a topic. Please help improve it by rewriting it in an encyclopedic style. (February 2020) (Learn how and when to remove thi...

 

 

Title given by the Báb to his first eighteen disciplesThis article may contain excessive or inappropriate references to self-published sources. Please help improve it by removing references to unreliable sources where they are used inappropriately. (November 2020) (Learn how and when to remove this message)This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find so...

 

 

Military clashes Syrian–Turkish border clashes during the Syrian Civil WarPart of Syrian civil warAkçakaleYayladağıCeylanpınarLocations in Turkey attacked by SyriaDate22 June 2012 – present(12 years, 2 weeks and 6 days)LocationSyria and TurkeyStatus OngoingBelligerents Syria TurkeyCommanders and leaders Bashar al-Assad Ali Abdullah Ayyoub Ali Mahmoud Abbas Abdullah Gül Recep Erdogan Necdet ÖzelCasualties and losses 12 soldiers killed[1] 23 soldiers wounded(Syr...

В Википедии есть статьи о других людях с такой фамилией, см. Хованская. Галина Петровна Хованская Председатель комитета Государственной Думы по жилищной политике и жилищно-коммунальному хозяйству 21 декабря 2011 — 12 октября 2021 Депутат Государственной Думы Федерального...

 

 

2024年スケートアメリカ アレン・イベントセンター大会概要英語 2024 Skate America大会種 ISUグランプリシリーズ優勝ポイント 400シーズン 2024-2025日程 10月18日 - 10月20日主催 アメリカフィギュアスケート連盟、国際スケート連盟開催国 アメリカ合衆国開催地 アレン会場 アレン・イベントセンター賞金総額 US$ 180,000.00公式サイト 公式サイト前回優勝者男子前回優勝 イ�...