Is your code practical and powerful enough to address todayâs issues?
Many larger companies, and virtually all public companies, have adopted a code of conduct. These codes typically are designed and written by lawyers and can be tedious to wade through. As a result, their impact on the day-to-day behavior of corporate employees is questionable. Boards should consider revisiting their approach to these prolix documents in light of the convergence of several current trends â the debate over the proper role of stakeholder versus shareholder interests; ESG matters; and criticisms of corporate inaction in the face of the many challenges faced by the nation in the past year.