Intro - Law and Business Ethics - Codes of Conduct

3 important questions on Intro - Law and Business Ethics - Codes of Conduct

What is a binding code of conduct?

Regulated by an association, offender could be expelled from body
ie: CPA

What is a characteristic of a Voluntary code of conduct?

Adopted where no effective power to legislate exists.
ie: UN code of conduct

What is a Self-Imposed code of conduct?

Reflects the philosophy of the owners or managers of a firm

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