Ethical conduct lies at the core of all business. We do business with those we trust; we get business from those who trust us. It is at the root of generating confidence in both individuals and entities. Ethics, therefore, is a driver of business growth and demands attention from boards and investors alike.[i]
Tour Values Limited is a company which purchased some villas that provides guest services to tourists. The company has high occupancy levels between September and April each year. The company employs workers in various capacities including guest services, restaurant operations sales and marketing, customer service, accounting, human resources and operations.
Task: Define and develop a Code of Conduct for Tour Values Limited- use your creativity. It should incorporate but is not limited to information on the following:
I. Mission Statement
II. Statement from Board of Directors
III. Organizational Values and Principles
IV. A statement on how the company relates to its community, the environment, and society
V. Ethical and conduct guidelines and guidance on practices
VI. Five examples of ethical and unethical behaviour relevant to the business.
VII. Specific rules of conduct
VIII. Information on performance evaluation.
reference documents:
a. Auditing and Assurance Services: An Integrated Approach, (11th ed. or later) Arens, Elder, & Beasley, Prentice-Hall, 2006.
b. IESBA Code of Ethics