Final answer:
All the options listed, including conflicts of interest, full and fair disclosures, legal compliance, and internal reporting of code violations, are essential parts of a business code of ethics as required by the SEC. Therefore, the correct option is 5).
Step-by-step explanation:
Business Code of Ethics and SEC Regulations
The U.S. Securities and Exchange Commission (SEC) requires publicly traded companies to adhere to certain ethical standards. To align with these standards, business organizations often create a code of ethics. A business code of ethics generally addresses concrete matters such as bribery, discrimination, and whistleblowing, and outlines what actions are permissible for an organization and its individual employees. Among the issues that must be addressed in these ethical guidelines are:
1. Conflicts of interest
2. Full and fair disclosures
3. Legal compliance
4. Internal reporting of code violations
All of these topics are crucial for maintaining the trust, integrity, and transparency necessary in the business world, and are central to the codes of ethics required by the SEC. Thus, the correct answer to the question 'Which of the following is not an issue to be addressed in a business code of ethics required by the SEC?' is option 5) All of the above are issues to be addressed.