As well as its content and format, the process for developing and implementing a code of ethics is critical in maximising its influence on business behaviour at all levels and in all functions. The IBE 9 Step Model lays out the steps to do this effectively
1. Understand your context
At the outset, it is necessary to understand the catalyst for the code. Knowledge of this will help you create an appropriate framework to develop your code.
The core element of an ethics programme will be a Code of Ethics.
The process for drawing up a code of ethics is critical in maximising its effectiveness.
A communications strategy for the ethics programme aims to raise awareness of the organisation’s values.
Ethics training raises awareness around the code, what is acceptable business practice and where support can be found.
Additional tools and mechanisms to keep the code alive and support staff to apply ethical values to the work they do.
The board needs to establish a programme of assurance to understand whether the organisation is living up to its ethical values.