Final answer:
The option that is not included in the steps for developing a corporate ethics program is 'Publish, post, and make the code of ethics available to only selected parties'. Transparency in ethical practices is essential for any organization, and withholding the code of ethics would not be in line with promoting a culture of openness and accountability.
Step-by-step explanation:
Corporate Ethics Program Development
When corporate leadership undertakes the development of an ethics program, there are several key steps that are typically included in this process. These steps are aimed at fostering an environment where ethical practices are maintained, and corporate responsibility is taken seriously.
The steps usually 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 understanding of the ethical expectations.
Maintaining a commitment from top managers to uphold and model the ethical standards.
However, the option that is not included in the steps for developing an ethics program is:
d. "Publish, post, and make code of ethics available to only selected parties".
Transparency in ethical guidelines is crucial for ensuring that all stakeholders, including employees, customers, and the public, understand the ethical stance of the organization. Withholding the code of ethics from broad visibility goes against the foundational principles of an effective ethics program, which seeks to promote a culture of openness and accountability.