Ethics chp 8
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Code of Conduct
formal statement that describes what an organization expects of its employees
Code of Ethics
formal statement that consists of general statements, sometimes altruistic or inspirational, that serve as principles and the basis for rules of conduct
control system that creates order by requiring that employees identify with and commit to specific required conduct; uses legal terms, statutes, and contracts that teach employees the rules and penalties for noncompliance
individuals responsible for managing their organizations’ ethics and legal compliance programs
Statement of Values
formal statement that serves the general public and also addresses distinct groups such as stakeholders; conceived by management and fully developed with input from all stakeholders
control system that strives to develop shared values; although penalties are attached, focus is more on an abstract core of ideals such as accountability and commitment
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