Final answer:
Stakeholders play different roles in the development of a code of ethics, including being authors, regulators, and reviewers.
Step-by-step explanation:
Stakeholders play important roles in developing a code of ethics in a business setting. The roles they play include:
- Authors: Stakeholders, such as members of professional organizations or industry experts, may contribute to the development of a code of ethics by sharing their knowledge and experience.
- Regulators: Government agencies or regulatory bodies may oversee the development and implementation of codes of ethics to ensure compliance with legal requirements and industry standards.
- Reviewers: Stakeholders, such as peer reviewers or members of ethics committees, may review and provide feedback on the code of ethics to ensure its effectiveness and ethical considerations.