Code of Business ethics.

A business code of ethics is important for the purpose of promoting ethical thought and behavior within a business. The code should be clear, comprehensive, and to the point. For a code to be effective it should be understood by everyone. Moreover, it should be enforceable and clearly stated within, how it will be enforced. It must not leave out any of the stakeholders that may possibly conduct any kind of business with the company. …

…responsibilities it holds to give the customers, employees, owners, investors, suppliers, competitors, and communities. It has a section dedicated to each of the stakeholders at hand. No one is left out. Furthermore, they even include their responsibilities to their competition. This gives the reader the idea that Caux truly believes in a social duty to everyone. When a company states it will give fairness to everyone, it helps to promote positive business ethics to everyone.