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The Role of Voluntary Codes of Practice in Setting Ethics

In: The Role of Business Ethics in Economic Performance

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  • Adrian Cadbury

Abstract

Having spent a good deal of my time since 1992 on codes of practice, I am understandably deeply interested in whether they work! This seems to me to be the first question to be attempted, before moving on to whether they advance standards of behaviour in an ethical sense. I take ‘voluntary’ to cover all forms of code which are not statutorily enforced. While the chapter will touch on the, perhaps surprisingly, wide range of codes which fall under this definition of voluntary, it will focus on those like the Code of Best Practice of the Committee on the Financial Aspects of Corporate Governance (referred to as the ‘Corporate Governance Committee’) and on company codes.

Suggested Citation

  • Adrian Cadbury, 1998. "The Role of Voluntary Codes of Practice in Setting Ethics," Palgrave Macmillan Books, in: Ian Jones & Michael Pollitt (ed.), The Role of Business Ethics in Economic Performance, chapter 5, pages 68-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37979-4_5
    DOI: 10.1057/9780230379794_5
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    Cited by:

    1. Ian Jones & Michael Pollitt, 1999. "The Development of Ethical Issues Facing Boards of Directors: A Model with Implications," Working Papers wp151, Centre for Business Research, University of Cambridge.

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