The litmus test of a company's code of ethics is

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determined by the ethical behaviors expected of company personnel in the course of doing their jobs.

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the extent to which it is embraced in crafting strategy and in the day

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to

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day operations of the business.

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based on the rules a company's top management and board of directors make about "what is right" and "what is wrong."

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the degree to which it is connected to a company's statement of core values.

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the extent to which a company's approach to ethical behavior mirrors the ethical principles for society at large.