Benefits of Code of Ethics in Corporate Governance

Corporate governance

Table of Contents
Table of Contents.............................................................................................................................2
Question 3........................................................................................................................................3
Question 4........................................................................................................................................3
Question 6........................................................................................................................................4
References........................................................................................................................................6

QUESTION 3
Introduction
Code of ethics refers as a set of standards and norms that govern the activities of the company.
The present study is related with the benefits of the adoption of code of ethics.
Body
The main objective of the code of ethics is that it creates work environment supported by
integrity, objectivity, accountability, excellence and the ethical behavior (McWilliams, 2015). It
assists the company for obtaining the good brand image by providing the good services to the
customers. Further trust of stakeholders is also enhanced towards the company due to their
constant compliance of corporate ethics (Saeidi & et.al 2015). Responsibility is another feature
of the code of ethics. If the employees are accountable for their work then they will pay more
attention for their work.
Recommendation
It is recommended that company should follow the code of ethics for compliance with the all
rules and regulations imposed by any law. By this approach employee motivation is also
improvised because the code of ethics ensures that the workers of the company get equal
treatment in an ethical manner.
QUESTION 4
Introduction
Company can improve its strategic planning and risk management strategy by implementing the
good corporate governance (Ni, and Van Wart, 2015). The present study evaluates the best
corporate governance practices of the organization.
Body
Some best corporate governance practice is defined below –