David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 50 (1):13-31 (2004)
Business codes are an oft-cited management instrument. But how common are codes among multinationals? And what is their content? In an unprecedented study, the codes of the largest corporations in the world have been collected and thoroughly analyzed. This paper presents the results of that study. Of the two hundred largest companies in the world, 52.5% have a code. More than half of these codes describe company responsibilities regarding quality of products and services (67%), adherence to local laws and regulations (57%) and the protection of the natural environment (56%). Many codes make reference to principles governing stakeholder relations (e.g. transparency (55%), honesty (50%) and fairness (45%)), corporate core values (e.g. teamwork (43%)), appropriate conduct among employees (e.g. discrimination (44%) and intimidation (43%)) and treatment of company property by employees (e.g. conflict of interests (52%), corruption (46%) and fraud (45%)). Monitoring compliance with the code is addressed in 52% of the codes. Based on this content study, three types of codes are distinguished: the stakeholder statute (72%), the values statement (49%) and the code of conduct (46%). The results of this inquiry present a benchmark for the evaluation and development of both individual and international business codes.
|Keywords||Philosophy Ethics Economic Growth Management|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Patrick E. Murphy (2009). The Relevance of Responsibility to Ethical Business Decisions. Journal of Business Ethics 90 (2):245 - 252.
Michael Davis (2007). Eighteen Rules for Writing a Code of Professional Ethics. Science and Engineering Ethics 13 (2):171-189.
Haesun Park-Poaps & Kathleen Rees (2010). Stakeholder Forces of Socially Responsible Supply Chain Management Orientation. Journal of Business Ethics 92 (2):305 - 322.
Cynthia Stohl, Michael Stohl & Lucy Popova (2009). A New Generation of Corporate Codes of Ethics. Journal of Business Ethics 90 (4):607 - 622.
Jennifer Mencl & Douglas R. May (2009). The Effects of Proximity and Empathy on Ethical Decision-Making: An Exploratory Investigation. [REVIEW] Journal of Business Ethics 85 (2):201 - 226.
Similar books and articles
J. Neubert Mitchell (forthcoming). The Effects of Ethical Codes on Ethical Perceptions of Actions Toward Stakeholders. Journal of Business Ethics.
Rob Van Tulder, Jeroen Van Wijk & Ans Kolk (2009). From Chain Liability to Chain Responsibility. Journal of Business Ethics 85 (S2):399 - 412.
Rob van Tulder, Jeroen van Wijk & Ans Kolk (2009). From Chain Liability to Chain Responsibility. Journal of Business Ethics 85 (2):399-412.
Mark S. Schwartz (2005). Universal Moral Values for Corporate Codes of Ethics. Journal of Business Ethics 59 (1-2):27 - 44.
Betsy Stevens (1994). An Analysis of Corporate Ethical Code Studies: “Where Do We Go From Here?”. [REVIEW] Journal of Business Ethics 13 (1):63 - 69.
Nicola Higgs-Kleyn & Dimitri Kapelianis (1999). The Role of Professional Codes in Regarding Ethical Conduct. Journal of Business Ethics 19 (4):363 - 374.
Nien-hê Hsieh (2006). Voluntary Codes of Conduct for Multinational Corporations: Coordinating Duties of Rescue and Justice. Business Ethics Quarterly 16 (2):119-136.
Brendan O'Dwyer & Grainne Madden (2006). Ethical Codes of Conduct in Irish Companies: A Survey of Code Content and Enforcement Procedures. [REVIEW] Journal of Business Ethics 63 (3):217 - 236.
Brendan O’Dwyer & Grainne Madden (2006). Ethical Codes of Conduct in Irish Companies: A Survey of Code Content and Enforcement Procedures. [REVIEW] Journal of Business Ethics 63 (3):217 - 236.
Ans Kolk & Rob van Tuldere (2002). Child Labor and Multinational Conduct: A Comparison of International Business Andstakeholder Codes. [REVIEW] Journal of Business Ethics 36 (3):291-301.
Added to index2009-01-28
Total downloads66 ( #34,766 of 1,700,244 )
Recent downloads (6 months)8 ( #77,273 of 1,700,244 )
How can I increase my downloads?