Definition
A business code of ethics (BCE) is a distinct and formal document containing a set of prescriptions on a range of issues, which has been developed by and for a company for the purpose of guiding its employees’ behavior toward each other, the company, external stakeholders, and/or society in general. A BCE is a device for self-regulation developed for and by a particular company. A BCE is one of the layers in the whole spectrum of codes for businesses that consists, among others, of professional, industry, national and international codes.
Adoption
In the business ethics literature, a BCE is the most frequently cited instrument for managing the ethics of business. Nowadays, many companies have a BCE. For example, 76% of the Fortune Global 200 companies have a BCE...
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References
Cooper N (1990) Developing a code of business ethics. Institute of Business Ethics, London
Kaptein M (2011) Toward effective codes: testing the relationship with unethical behavior. J Bus Ethics 99:233–251
Kaptein M, Schwartz MS (2008) The effectiveness of business codes: a critical examination of existing studies and the development of an integrated research model. J Bus Ethics 77:111–127
KPMG (2014) The business codes of the fortune global 200: what the largest companies in the world say and do. KPMG, Amsterdam
Further Reading
Kaptein M, Wempe J (1998) Twelve Gordian knots when developing an organizational code of ethics. J Bus Ethics 17:853–869
Kaptein M (2004) Business codes of multinational firms: what do they say? J Bus Ethics 50:13–31
Kaptein M (2008) The living code. Embedding ethics into the corporate DNA. Greenleaf, Sheffield
Leipziger D (2017) The corporate responsibility code book. Routledge, London
Schwartz MS (2005) Universal moral values for corporate codes of ethics. J Bus Ethics 59:27–44
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Kaptein, M. (2019). Business Code of Ethics. In: Poff, D., Michalos, A. (eds) Encyclopedia of Business and Professional Ethics. Springer, Cham. https://doi.org/10.1007/978-3-319-23514-1_64-1
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DOI: https://doi.org/10.1007/978-3-319-23514-1_64-1
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