The concept of a corporate code of conduct is a necessary rule and standard of governance that all corporations should develop and adhere to. The corporate code of conduct (CCC) is something that sets the ethical tone of your place of business. It tells your suppliers, partners, customers, and most importantly, your employees, "This is how we do business." One point made by BP's CEO, Tony Hayward, is that great …show more content…
People come from different backgrounds and cultures. They have varying concepts of what is right and wrong and the grey in between, ethically speaking. The CCC helps people to come to a common ground in regards to business ethics and what is acceptable and what is not. Because your suppliers, employees, partners, and customers' ideas of ethics can vary so much, it is important to have a CCC to hold everyone accountable to a consistent standard. Regardless of the High vs. Low-context culture of your organization, it is good from people to know where they stand. These are some of the benefits of the