A Code of Conduct is a foundational document that articulates the principles, values, standards, and rules that guide an organization's behavior and decision-making processes.
* Role of the Code of Conduct:
* Serves as a reference point for all employees and stakeholders.
* Promotes a consistent ethical culture and compliance with organizational values.
* Applicability:
* Effective across all industries and organization sizes as a baseline for ethical behavior and operational standards.
* Why Other Options Are Incorrect:
* A: The Code of Conduct is relevant for all organizations, not just large ones.
* B: While important, it is not legally mandated for all organizations.
* D: It is applicable to organizations of all sizes and industries, not limited to specific cases.
References:
* OCEG GRC Capability Model: Emphasizes the Code of Conduct as a guide for decisions and behavior.
* ISO 37001 (Anti-Bribery Management Systems): Discusses Codes of Conduct in fostering ethical standards.