fbpx
Wikipedia

Code of conduct

May 15, 2023

Not to be confused with Coda Conduct.
"Codes of Conduct" redirects here. For the unproduced HBO pilot, see Steve McQueen (director).

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. 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. . 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. ^ Bank codes of conduct https://theconversation.com/bank-codes-of-conduct-add-bars-to-the-window-dressing-and-make-them-legally-binding-105391

External links

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

May 15, 2023
code, conduct, confused, with, coda, conduct, codes, conduct, redirects, here, unproduced, pilot, steve, mcqueen, director, code, conduct, rules, outlining, norms, rules, responsibilities, proper, practices, individual, party, organization, contents, companies. Not to be confused with Coda Conduct Codes of Conduct redirects here For the unproduced HBO pilot see Steve McQueen director 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 Contents 1 Companies codes of conduct 1 1 Accountants code of conduct 2 Codes of conduct in practice 3 Examples 4 See also 5 References 6 External linksCompanies codes of conduct EditA 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 Edit 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 EditA 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 EditBanking Code 11 Bushido Code of Conduct for the International Red Cross and Red Crescent Movement and NGOs in Disaster Relief Code of Hammurabi Code of the United States Fighting Force Code of Service Discipline Declaration of Geneva Declaration of Helsinki Don t be evil Eight precepts Election Commission of India s Model Code of Conduct Five Pillars of Islam Golden Rule Geneva Conventions Hippocratic Oath ICC Cricket Code of Conduct International Code of Conduct against Ballistic Missile Proliferation ICOC or Hague Code of Conduct Journalist s Creed Kapu Moral Code of the Builder of Communism Paṭimokkha Pirate code Rule of Saint Benedict Ten Commandments Ten precepts Taoism Uniform Code of Military Justice Vienna Convention on Diplomatic RelationsSee also EditProgramming ethicsReferences Edit Building a compliance department Thomson Reuters Retrieved 20 January 2022 Glynn Timothy P Arnow Richman Rachel S Sullivan Charles A 2019 Employment Law Private Ordering and Its Limitations Wolters Kluwer Law amp Business ISBN 978 1543801064 via Google Books Jerin Matthew December 20 2013 Faithless Ex Morgan Stanley Fund Manager Ordered to Repay 31m to Former Employer International Business Times UK Henning Peter J December 23 2013 The Huge Costs of Being a Faithless Servant New York Times DealBook Morgan Stanley seeks 10 2 million from convicted former trader GreenwichTime January 15 2013 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 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 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 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 Barman Tanya White Samantha June 2014 Implementing an effective corporate ethics policy Chartered Global Management Accountant CGMA Magazine Retrieved 10 February 2016 Bank codes of conduct https theconversation com bank codes of conduct add bars to the window dressing and make them legally binding 105391External links Edit Media related to Codes of conduct at Wikimedia Commons Quotations related to Codes of conduct at Wikiquote Retrieved from https en wikipedia org w index php title Code of conduct amp oldid 1153876431, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.