1

½
Carmen uehmel
llllpe ÞorLela
8ohan narula
8osálla 8odrlgues
Code of Lthios
2
enda
3
O lgnlflcance and LlmlLaLlons
O CorporaLe Þollcy
O 1heoreLlcal lramework
O Llnk beLween LLhlcal 8ehavlor Compllance and
LnforcemenL of a Code of LLhlcs
O ÞoLenLlal ConfllcLs wlLh commerclal lnLeresL
O Concluslon
$inifioanoe
´1be coJe of etblcs olms to moke cleot to oll Ŷ lotetoolly
ooJ extetoolly Ŷ wbot oot ptloclples ote´
O Lnhance Þrofesslonallsm
O Þrovlde a Culdance
O AffecLs Lveryone

imitations
5
´íul ooJ lts employees sboll tefose ooy qlfts tbot moy
be cooslJeteJ ot lotetpteteJ os oo ottempt to lofloeoce
eltbet tbe compooy ot oo employee´
O Iague and general
O Cpen for lnLerpreLaLlon
O tey 2ooe
imitations
6
´ulsclpllooty octloo moy locloJe cbooqes to wotk
metboJsţ lotetoctloo betweeo employees ooJ/ot
stokebolJetsţ coottol ptoceJotes ot compooy pollcles´
O LaLemenL lacks power
O lor belng effecLlveţ sLrlcL regulaLlons agalnsL vlolaLlons
are necessary
Corporate Polioy
7
´cooJoct lo tbe wotkploce´
O no reference Lo speclflc pollcyţ only a broad ouLlook of
Lhe values of Lhe company
%heoretioal lramework
8
O ÞlurallsLlc Code
O facLors ln ºLhe dlfferences beLween moral convlcLlons
and backgroundsţ whlle aL Lhe same Llme suggesLlng
LhaL a consensus on baslc prlnclples and rules" (Crane
and MaLLenţ 2011)
O Pavlng performed a revlew on ºnormaLlve LLhlcal
1heorles" we can say LhaLţ regardlng morallLyţ Lhls ls a
Code wlLh greaLer norLh Amerlcan Lhan Luropean
derlvaLlons Ŷ Lhe Code focuses more on lndlvldual
morallLyŦ
O approach plurallsm of moral convlcLlons and values
Lthioal Behavior Complianoe and
Lnforoement of a Code of Lthios
9
O ls only effecLlve when all employers and sLakeholders
are commlLLed Lo lL
O CrganlzaLlonal LrucLure of LuÞ commlLLeesť
O CorporaLe Covernance
O usLalnablllLy CommlLLee
O Lhe LLhlcs CommlLLee
Lthioal Behavior Complianoe and
Lnforoement of a Code of Lthios
10
´1be íul coJe of ítblcs ls JlsttlboteJ to oll toop
employees teqotJless of ootote of tbelt wotk coottoctŦ lt
ls olso ovolloble lo Jlqltol fotm ot íulooto ooJ oo tbe
toop´s webslte´
O uperflclal awareness
O no speclflc Lralnlng provlded
O Awareness and commlLmenL need Lo be creaLed
Potential Confliots with oommeroial
lnterest
11
Code of eLhlcs does noL lmply any economlc effecLsţ lL
does noL have any dlrecL lmpacL on Lhe overall
performance of Lhe flrm
buL
confllcLs may occur beLween dlfferenL sLakeholders ln
Lerms of Lhelr muLually excluslve lnLeresLsŦ
Potential Confliots with oommeroial
lnterest
12
O Code does noL dlsLlngulsh beLween lmporLance of
sLakeholders
O Lxampleť chose beLween servlce provlders
O lndlvldual lnLerpreLaLlon of Lhe Code
O no anonymous accuse may creaLe bad work
envlronmenL
Potential Confliots with oommeroial
lnterest
13
´ímployees bolJloq televoot lofotmotloo tbot bos oot
yet beeo pobllcly JlscloseJ ooJ ls llkely to lofloeoce tbe
sbote ptlces of íul toop compooles oo tbe stock
excbooqe (ŧ) coooot (ŧ) boy ot sell sbotes lo íul toop
compoolesţ sttoteqlc pottoets ot compooles lovolveJ lo
ttoosoctloos ot telotloos wltb íul toop tbot ote ot
moy be JeemeJ loslJet lofotmotloo´
O no clear deflnlLlon of ºrelevanL lnformaLlon"
O negaLlve lnfluence on share prlces
Potential Confliots with oommeroial
lnterest
1
´íul sboll oot molotolo telotloos wltb soppllets wbo Jo
oot oct lo tbe spltlt of tbls coJe of ítblcs (ŧ)´
O AcLlons may be percelved as nonŴeLhlcal
O May have a negaLlve effecL on longŴLerm relaLlonshlp
and LrusL wlLh Lhe suppller and oLher shareholders
Conolusion
15
coJe tbot ls ´seeo to be bteocbeJ wltb lmpoolty by
seolot moooqets ot otbet membets of stoff ls ptobobly
oevet qoloq to ocbleve ooytbloq opott ftom tolsloq
employee cyolclsmŦ´
´lt bos to be ooJetstooJobleţ kobooŦ coJe
of etblcs ls oot octoolly to be wtltteo lo coJeŦ´

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