Code Of Conduct
All around the world the code of ethics and conduct has become extremely important. A code of ethics and a code of conduct are closely interwoven. The majority of South African codes of conduct/ ethics originate from the king report on corporate governance, the primary characteristics of this being: Discipline, transparency, independence, accountability, responsibility, fairness and social responsibility (Schultz,HB.2003) It is expected of each organisation to have a code of conduct and ethics.
The source is valid because it is written by qualified authors and this book was used by Millpark Business School in their MBA program as it was used in the syllabus. This source is reliable because it was used in a recognised academic degree, …show more content…
Nedbank’s code of conduct
d. Nedbank’s code of ethics
e. Nedbank’s whistleblowing policy
The code of ethics and conduct prescribes the rules and regulations that each staff member must adhere to. The code of ethics provides a bigger view of rules that apply and the code of conduct provides the in-depth requirements of these rules.
Nedbank’s code of ethics relies on the king report of corporate governance and consists of the core values of business: integrity, respect, accountability, pushing beyond boundaries and being people centred. Each employee acknowledges and accepts the employee conduct pledge when they join the bank and yearly thereafter. This pledge includes the following to respect others, to have the best interest of the bank and planet at heart, be honest, fair and open. These apply when working with competitors, communities, suppliers, shareholders and customers.
The code of conduct defines how the staff act towards business ethics, clients, conflict of interest, connected persons, fraud and gifts and gratifications amongst others.
The whistle blowers policy is there to protect staff who raise issues and report any irregularities in the codes of conduct and …show more content…
Here are a few key components of a good code of ethics:
Values: this is the core values of the business and what the business believes in such as; respect, honesty and fairness (Chron, 2017).
Principles: principles are used to support the businesses values. These principles include customer satisfaction, profitability and CSR.
Management Support: Managers must enforce the code and encourage employees to report any violations or express any issues they may have.
Personal Responsibility: employees such acknowledge and obey the code and report any violations to the code.
Compliance: the code must comply with any law and regulations set out by the