What are some of the key considerations in developing a code of conduct?
1. Examine high-risk areas and issues.
2. State values and conduct necessary to comply with laws and regulations. Values are an important buffer in preventing serious misconduct.
3. Identify values that specifically address current ethical issues.
4. Consider values that link the organization to a stakeholder orientation. Attempt to find overlaps among organizational and stakeholder values.
5. Make the code of conduct understandable by providing examples that reflect values.
6. Communicate the code frequently and in language that employees can understand.
7. Revise the code every year with input from a variety of internal and external stakeholders.