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corporate code of ethics

Forums › ACCA Forums › ACCA BT Business and Technology Forums › corporate code of ethics

  • This topic has 4 replies, 2 voices, and was last updated 2 months ago by mrjonbain.
Viewing 5 posts - 1 through 5 (of 5 total)
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  • January 17, 2023 at 9:44 am #676736
    Anonymous
    Inactive
    • Topics: 7
    • Replies: 11
    • ☆

    Which of the following should be included in a corporate code of ethics?

    A. A detailed description of all of the commercial objectives of the company
    B. The consequences for employees of violating the standards of behavior expected of them.
    C. A summary of the responsibilities of the individual directors of the company
    D. A list of laws and regulations with which the company will comply.

    please explain which one is the correct and why?

    January 17, 2023 at 2:49 pm #676775
    mrjonbain
    Moderator
    • Topics: 2
    • Replies: 1600
    • ☆☆☆☆☆

    I think B as the other are connected with compliance with laws or regulations or are connected with general non-ethical objectives and control of the company. B is clearly connected with ethical behaviour.

    January 18, 2023 at 11:08 am #676886
    Anonymous
    Inactive
    • Topics: 7
    • Replies: 11
    • ☆

    Why can’t it be c?

    Thanks for your help!

    January 18, 2023 at 12:15 pm #676891
    mrjonbain
    Moderator
    • Topics: 2
    • Replies: 1600
    • ☆☆☆☆☆

    It’s because that answer does not specifically regard ethics.

    January 18, 2023 at 1:15 pm #676896
    mrjonbain
    Moderator
    • Topics: 2
    • Replies: 1600
    • ☆☆☆☆☆

    In a lot of these types of question you are looking for the answer(s) that best fit the question. In my mind B does the above quite clearly in my opinion. Hope this helps.

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