CIPS Exam L4M8 Topic 1 Question 48 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 48
Topic #: 1

Why is it important to keep ethical codes of practice up to date?

AExplanation:
A code of ethics is a set of morals and principle set out by an organization to state what it deems to be acceptable conduct and behavior
An ethical code of practice is a continually changing and developing document with society changing and different suppliers coming to market, the document has to remain current
Suppliers should continually monitor their codes of ethics to ensure that;
1. They are looking after the interest of the supply chain
2. That potential customers can be reassured that they are conforming to the required regulation, e.g. ISO 14001.
Ethical code of conduct should be constantly monitored and updated in accordance with the changes organization faces. This include 1) Define (2) prevent (3) detect (4) reprove (5) evaluate.
*
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by Alesia at Sep 14, 2024, 06:01 PM

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Kimbery

2 months ago

Relevant and up-to-date ethical codes are like the oil that keeps the organizational engine running smoothly. Without it, things can get pretty messy.

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Afton

2 months ago

Haha, yeah, can you imagine a company still using a code of ethics from the 90s? They'd be the laughing stock of the industry!

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Simona

2 months ago

I agree, it's all about maintaining transparency and accountability. An outdated code of ethics can make a company appear out of touch and untrustworthy.

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Dewitt

10 days ago

Suppliers need to ensure they are looking after the interest of the supply chain and conforming to required regulations.

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Mabelle

15 days ago

A code of ethics should be continually monitored and updated to reflect changes in society and the market.

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Edison

18 days ago

Yes, an outdated code can make a company seem untrustworthy.

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Yong

1 months ago

Updating the code of ethics regularly ensures that the organization is aligned with changing societal norms and expectations.

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Nadine

1 months ago

It's important to keep ethical codes up to date to maintain transparency and accountability.

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Jamey

1 months ago

It also helps to build trust with customers and stakeholders by showing that the company is committed to ethical practices.

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Florencia

1 months ago

Yes, keeping ethical codes up to date shows that the company is staying current and responsible.

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Mi

2 months ago

Absolutely! With new technologies and changing business landscapes, ethical guidelines need to be regularly reviewed and updated. Otherwise, the organization might find itself in hot water.

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Fausto

3 months ago

Keeping ethical codes up to date is crucial to ensure the organization stays aligned with evolving societal norms and industry standards. Failing to do so could expose them to legal and reputational risks.

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