Table II

Ethics and its role in corporate governance

ETH1Activities of the board, management and employees are guided by the moral code of good conduct
ETH2Employees are pushed to be truthful in their reporting and their practices
ETH3Reporting accurate and reliable financial statements is ensured
ETH4Responsibility toward the organizations and the community is encouraged
ETH5Building and establishing employees’ credibility is ensured
ETH6The interests of all stakeholders are considered in decision making
ETH7A whistleblower program protection exists
ETH8The organization’s members share a common set of beliefs, values and practices
ETH9Employees are treated fairly and equally, with no one employee treated with favoritism
ETH10Fundamental values in culture such as integrity and dependability are integrated
ETH11The interest of the organization is prioritized over personal advantages
ETH12The interest of stakeholders is prioritized over personal advantages
ETH13Following moral norms and values by managers and employees are warranted

Note: ETH, ethics

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