Companies such as CIBC have developed a detailed code of conduct for their employees and often make this information publicly available by providing a copy of the code online. For example, the CIBC code of conduct can be found at www.cibc.com/ca/inside-cibc/governance/governance-practices/code-of-conduct.html.

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If you are an employee at CIBC, what are some benefits of having such a detailed code of conduct? Might there be any disadvantages to CIBC in having such a detailed code of conduct?