Final answer:
The final approval of a company's code of ethics is generally given by the Board of Directors, who are responsible for corporate governance and making decisions in the shareholders' interests.
Step-by-step explanation:
The final approval of a code of ethics within a company typically rests with the Board of Directors. This governance body is elected by the shareholders and is responsible for overseeing the company's management and operations, including the implementation of a code of ethics. The Board of Directors serves as the first line of corporate governance, tasked with ensuring that the company adheres to ethical standards and runs in the interest of its shareholders. While C-suite executives may play a significant role in drafting and enforcing a code of ethics, ultimate approval and oversight lie with the Board. This framework for ethical corporate governance is also mirrored in many professional organizations, where ethical codes are adhered to by members to maintain professional qualifications.