This paper introduces and discusses the initial results of a survey focused on the content, adoption, role and effectiveness of company codes of ethics. The paper examines the contents of the codes of ethics of companies operating in the private sector in Italy, quoted on the Italian Stock Exchange (S&P/Mib). The purpose of the investigation was to identify any correlations between sector characteristics and the contents of the codes of ethics, which would enable us to map out the main principles followed in writing the companies’ codes of ethics. The analysis was conducted in order to ascertain whether there were common factors deriving from the shared ethical questions faced by the companies operating in the same sector of activity.As the first step, the 40 companies were subdivided into three main economic categories: Industrial, Financial and Service, according to the relevant Italian Stock Exchange definitions. Then the contents of each code of ethics were evaluated and classified in accordance with different criteria. The main categories of classification were based on: general principles, social values, rules of conduct, relationships with third parties, implementation and sanctions. As a result, a list of common ethical themes and main characteristics for each sector were identified. The next objective was to investigate whether these characteristics were due to the regulation of the sector of reference, the existence of sector benchmarks for best practice, or simply companies’ voluntary stance on ethical issues. The main conclusion was that parts of the contents of these codes were due to Italian regulations on companies, others due to sector characteristics, and a small proportion based on voluntary ethical policies.
|Data di pubblicazione:||2006|
|Titolo:||The contents of S&P/MIB companies’ codes of ethics: an investigation of the main factors that influence their adoption|
|Autori:||E. LUGLI; KOCOLLARI U|
|Data del convegno:||GIUGNO 20, 22 2006|
|Nome del convegno:||EIAC 2006|
|Luogo del convegno:||PADOVA|
|Titolo del libro:||Emerging Issues in International Accounting & Business Conferente 2006. Proceedings|
|Appare nelle tipologie:||Relazione in Atti di Convegno|
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