Codes of conduct: a barrier or breakthrough for corporate behaviour?
Does your company have a code of conduct? If so, how is it being used to enhance organisational behaviours and actions? After the PwC Fraud Academy raised this topic with clients, we decided to create a snapshot analysis of what businesses are really doing in this area and the challenges they face in making their codes a reality. The results of our research have given us some interesting findings and highlight the increased challenge of organisational behaviour and business conduct.
More companies are establishing codes of conduct as a routine part of their governance. But does this add any real value or is it simply an exercise that ticks another box? To some extent, this question highlights mounting concerns about the mismatch between what companies say and what they do.
Regular reviews of codes by organisations that have had business conduct failings have fuelled this cynicism. They are cited as evidence that these top-level corporate documents are little more than window dressing. One recent newspaper article commenting on a new code for a global financial services institution, released after the organisation had suffered a number of significant business failures, asked the question: ‘Is it enough to right recent wrongs?’ …
Click on the link below to read the rest of the PwC briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Briefings from PwC
Fraudsters are impersonating senior executives on email so they can extract funds from corporates.
Who knows best when it comes to doing the right thing? Should we always look to those who been in the workplace the longest?