International standards of business conduct: framework and illustration

Abstract

PurposeThe purpose of this paper is to describe the insights and a proposal into the structure of standards of business conduct and its intended applications.Design/methodology/approachThe case study is based upon an inductive content analysis of corporate ethics artefacts.FindingsIt is concluded that the standards of business conduct may be highly prescriptive in world wide corporations, but that there should be an explicit commitment to a flexible and dynamic approach to the application of standards of business conduct.Research limitations/implicationsAn examination of the actual behaviour of a corporation's operations was beyond the scope of the present research, but such a study has potential for future research. This would open up the wider question of how corporations can minimise the gap between corporate intentions and actual outcomes in business operations across national and cultural boundaries.Practical implicationsThese diverse national and cultural contexts that world wide corporations encounter must be taken into consideration in the content of their standards of business conduct.Originality/valueThe authors emphasise the concern of recognising that the contexts surrounding standards of business conduct are dynamic. Corporate codes of ethics should be regarded as dynamic artefacts. A framework of application is proposed.