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| Author: | Webley, S. Werner, A. |
| Title: | Corporate codes of ethics: Necessary but not sufficient |
| Journal: | Business Ethics
2008 : OCT, VOL. 17:4, p. 405-415 |
| Index terms: | business ethics corporate culture corporate governance codes of practice organizations leadership |
| Language: | eng |
| Abstract: | Reported ethical malpracticing among some of large companies around the world do not appear to be dimishing despite corporate codes of ethics. Using academic studies, survey reports and insights from the Institute of Business Ethics' work with large corporations, this study explores the reasons for that. There is found a gap btw. the existence of explicit ethical values and principles (or: code/s) and the attitudes and behaviour of the organisation. Two basic reasons seem to be at the heart of the problem: ineffective ethics programmes and deficiencies in corporate culture. It is concluded that successfully embedded corporate ethical values requires well-designed ethics policies, sustained ethical leadership and incorporation of ethics in organizational processes and strategy as part of an ethical culture throughout the organization. |
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