Final answer:
The incorrect step in developing an ethics program is making the code of ethics available only to select parties. An effective program makes this information available to all stakeholders, aligning with corporate responsibility and addressing the complexity of ethics in emerging technologies.
Step-by-step explanation:
The step that is not included in the steps corporate leadership can take in developing an ethics program is to "Publish, post, and make code of ethics available to only select parties." A robust ethics program should typically include: conducting a rigorous self-assessment of the firm's values and its existing ethics and compliance program, providing timely training to reinforce knowledge, and maintaining commitment from top managers. Contrary to the option given, an effective code of ethics should be published and made available to all relevant stakeholders, not just select parties, to ensure transparency and widespread understanding of the company's ethical stance.
When assessing corporate responsibility, corporations should consider their impact on social, economic, and environmental issues. The difficulty in establishing ethical practices, especially pertaining to emerging technologies like artificial intelligence, involves navigating the unchartered territories that may lack precedent or clear regulations, thereby tying these codes of ethics to broader moral and political debates.
While businesses are key in issuing codes of ethics, professional organizations, like the IEEE-CS, also provide ethical guidelines specifically catered to their fields, addressing issues such as software quality, safety, privacy, and environmental impact, which mirrors larger societal concerns and corporate responsibility.