The Role of Voluntary Codes of Practice in Setting Ethics

Adrian Cadbury

Chapter 5 in The Role of Business Ethics in Economic Performance, 1998, pp 68-84 from Palgrave Macmillan

Abstract: 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.

Keywords: Business Ethic; Corporate Governance; Business Conduct; London Stock Exchange; Voluntary Code (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1057/9780230379794_5

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