Final answer:
Individual ethics of stakeholders such as shareholders and employees play a crucial role in shaping an organization's code of ethics. Professional organizations set standards for ethical practices, influencing corporate responsibility and policies, which also touch on broader moral and political discussions.
Step-by-step explanation:
The individual ethics of shareholders, employees, customers, and the community at large are all important in shaping the organizational code of ethics. Each stakeholder group has a unique perspective and a set of values that can influence the ethical standards and practices within an organization. The corporate responsibility of businesses often reflects the ethical inclinations of these stakeholders, which are also guided by professional codes of ethics, such as those provided by the IEEE-CS for software engineers. These codes ensure that practices such as the development of technology and software uphold moral responsibilities, including the safety and privacy of individuals and the environment.
When formulating an organizational code of ethics, it's crucial to consider the varied ethical perspectives of different stakeholders. For example, the IEEE-CS's code of ethics for software engineers addresses the obligations that come with creating technology that affects quality of life and personal privacy. These moral considerations link back to broader normative moral theories and political debates that impact corporate policies and their interactions with society. Firms must consider their employees, shareholders, and wider community interests, balancing them while upholding ethical standards.
Ethical issues are also pertinent to discussions about emerging technologies like artificial intelligence, where the broader community's values play a significant role in guiding ethical conduct and corporate responsibility in this area.