ACCA Applied Knowledge · Business and Technology · Corporate codes of ethics
Which of the following is MOST likely to be included in the content of a corporate code of ethics?
A corporate code of ethics most likely includes policies on conflicts of interest, bribery and confidentiality. These are conduct matters that set expected behaviour, whereas budgets, share price forecasts and salary lists are operational or financial information that does not belong in a code.
- AThe detailed budget for next year's marketing campaign
- BThe company's policies on conflicts of interest, bribery and confidentialityCorrect
- CA forecast of the company's share price
- DThe names and salaries of all current employees
Explanation
Codes typically cover conduct matters such as conflicts of interest, bribery and corruption, and confidentiality. Budgets, share price forecasts and salary lists are financial or confidential operating information, not ethical standards.
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