Good corporate governance transcends mere compliance with a checklist of externally mandated behavioral requirements. Executive management must also ensure that individual employees conform to a broader code of conduct (CoC). A CoC typically encompasses issues such as integrity in relationships with outside contractors and appropriate use of company property—as well as the diligent fulfillment of legal and regulatory requirements.

In fact, by effectively defining and enforcing a corporate CoC, executives can reduce exposure to a more complete spectrum of risks and build a competitively differentiated business culture.

 

Registrants to the OCEG Code of Conduct Illustrated Series webinar sponsored by Axentis were surveyed to discover how they develop and manage their companies’ CoC. Survey respondents (169) represented a wide range of organizations across various resources. The results of that survey highlight several important issues in current GRC practices.