Question

Why do you think it’s important that companies have a written code of conduct?

A) It's a legal requirement
B) To enhance corporate image
C) To provide guidelines for employees
D) To comply with industry standards

Answer 1

A written code of conduct is important for companies as it is a legal requirement, enhances corporate image, provides guidelines for employees, and helps companies comply with industry standards. Hence the correct answer is all the options.

Step-by-step explanation:

A written code of conduct is important for companies for several reasons:

1. It is a legal requirement: Having a written code of conduct helps companies ensure that they are in compliance with the law and can avoid legal issues.
   
2. To enhance corporate image: A code of conduct helps companies establish a positive reputation by demonstrating their commitment to ethical behavior and responsible business practices.
   
3. To provide guidelines for employees: A code of conduct serves as a set of guidelines that employees can refer to when making decisions and engaging in business activities. It helps promote consistency, fairness, and ethical behavior within the company.
   
4. To comply with industry standards: Many industries have specific codes of conduct that companies are expected to follow. Having a written code of conduct ensures that companies are meeting these industry standards.