Canter plc's industry regulator has made rules designed to improve the standard of ethical behaviour among companies in the industry. In response Canter plc has complied with the rules exactly by passing on the cost of doing so to its clients. How should Canter plc's response to regulation be classified? Non-response Full compliance Innovation Mere compliance 44. Standlake pkc operates call centres. Clients have complained that the company operates in an unethical manner. In consequence the board of directors has adopted a corporate code of ethics, to be implemented throughout the company and communicated to clients and other third parties. The board has identified the following benefits of introducing the code:
43. Canter plc's industry regulator has made rules designed to improve the standard of ethical behaviour among companies in the industry. In response Canter plc has complied with the rules exactly by passing on the cost of doing so to its clients.
How should Canter plc's response to regulation be classified?
- Non-response
- Full compliance
- Innovation
- Mere compliance
44. Standlake pkc operates call centres. Clients have complained that the company operates in an unethical manner. In consequence the board of directors has adopted a corporate code of ethics, to be implemented throughout the company and communicated to clients and other third parties. The board has identified the following benefits of introducing the code:
(1) Employees will have guidance on how to deal with all third parties
(2) External stakeholders will be aware of what Standlake plc is trying to achieve in terms of ethical conduct
(3) Directors will have met their statutory obligation to introduce a corporate code of ethics
Which of these are valid benefits of introducing the code?
- (1) and (2) only
- (2) and (3) only
- (1) and (3) only
- (1), (2) and (3)
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